Cantlay, Inc., earns pretax book net income of $800,000 in 2019. Cantlay acquires a depreciable asset that year, and first-year
1 answer:
You might be interested in
Answer:
$800 Debit.
Step by step explanation:
We have been given that the accounts receivable account has a total debit postings of 1900 and credit postings of 1100.
Since debit postings are more than credit postings, so the balance of the account will be debit.
Let us find how many debit postings will be in the balance of account by subtracting 1100 from 1900.
Therefore, the balance of the account is a $800 debit.
Answer:
Cost per unit of widget produced = $6.52
Explanation:
As for the provided information:
Total units produced = 4,600 units
Total cost of production = costs for Department 1 + Department 2 + Department 3
= $18,000 + $8,000 + $4,000 = $30,000
It does not matter how many units are sold as the cost of sales will include, selling and administrative cost also.
Therefore, all the cost will be considered.
Thus total cost of production = $30,000 for 4,600 units.
Cost per unit of widget =