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zaharov [31]
3 years ago
11

Assume that a manufacturing company incurred the following costs: Direct labor $ 90,000 Advertising $ 40,000 Factory supervision

$ 36,000 Sales commissions $ 15,000 Depreciation, office equipment $ 4,000 Indirect materials $ 5,000 Depreciation, factory building $ 20,000 Administrative office salaries $ 1,000 Utilities, factory $ 2,500 Direct materials $ 106,000 Insurance, factory $ 10,000 Property taxes, factory $ 7,000 What is the total amount of manufacturing overhead
Business
1 answer:
Len [333]3 years ago
5 0
10092796 tents mei e seen
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Cheyenne Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $17
katen-ka-za [31]

Answer:

a. Bad Debt Expense 5100 Allowance for Doubtful Accounts 5100

Explanation:

The adjusting entry is shown below:

Bad debt expense $5,100

       To Allowance for doubtful debts $5,100

(Being the bad debt expense is recorded)

The computation is shown below:

= Account receivable × estimated percentage - credit balance of allowance for doubtful debts

= $170,000 × 5% - $3,400

= $8,500 - $3,400

= $5,100

In order to recording this transaction, we debited the bad debt expense as it increases the expenses account whereas at the same time it reduces the account receivable therefore the allowance for doubtful debts is credited

7 0
3 years ago
All of the following are factors in the fraud triangle except A. Ethical behavior of an individual B. Materiality of the assets
Verdich [7]

Answer:

Materiality of the assets

Explanation: Materiality is known to as misstatements, including omissions, and these are considered to be material if they, individually or in the aggregate, could reasonably be expected to influence the economic decisions of users taken on the basis of the financial statements.

6 0
3 years ago
A new advertising agency serves a wide range of clients including manufacturers, restaurants, service businesses, department sto
sweet-ann [11.9K]

Answer:

C. Job - order costing

Explanation:

Job - order costing -

It is used by the organization , when the goods and services of the organization are readily identifies by separate batches or units .

The agency that will advertise accumulates its cost through the client .

The method of job - order costing is the most apt system for a non - manufacturing firms .

Hence , from the data of the question , the correct answer is ( C ) Job - order costing .

8 0
3 years ago
Costs associated with the manufacture of miniature high-sensitivity piezoresistive pressure transducers is, $73,000 per year. A
Ilia_Sergeevich [38]

Answer:

$58,149

Explanation:

Calculation to determine the present worth of the savings

First step is to calculate for Present worth before

Present worth before= 73,000(P/A,10%,5)

Present worth before= 73,000(3.7908)

Present worth before= $276,728

Second step is to calculate for Present worth after

Present worth after= 16,000 + 58,000(P/F,10%,1) + 52,000(P/A,10%,4)(P/F,10%,1)

Present worth after= 16,000 + 58,000(0.9091) + 52,000(3.1699)(0.9091)

Present worth after=16,000+52,728+149,851

Present worth after= $218,579

Last step is to calculate for Present worth of savings using this formula

Present worth of savings=Present worth before-Present worth after

Let plug in the formula

Present worth of savings = 276,728–218,579

Present worth of savings= $58,149

Therefore the present worth of the savings will be $58,149

3 0
3 years ago
Find the velocity and position vectors of a particle that has the given acceleration and the given initial velocity and position
Murljashka [212]

Answer:

v(t) = (2t + 1)i + 3t²j + 4t³k

r(t) = (t² + t)i + (t³ + 7)j + (t⁴ - 4)k

Explanation:

a(t) = 2i + 6tj + 12t²k

v(t) = ∫a(t)dt

     = ∫(2i + 6tj + 12t²k)dt

     = 2ti + (6t²/2)j + (12t³/3)k + c

     = 2ti + 3t²j + 4t³k + c

v(0) = i

    i = 0i + 0j + 0k + c

    c = i

∴ v(t) = 2ti + 3t²j + 4t³k + i

v(t) = (2t + 1)i + 3t²j + 4t³k

r(t) = ∫ v(t)dt

    = i ∫ (2t + 1)dt + 3j ∫ t²dt + 4k ∫ t³dt

    = i (2t²/2 + t) + 3j(t³/3) + 4k(t⁴/4) + d

    = i (t² + t) + jt³ + t⁴k + d

r(0) = 7j - 4k

0i + 0j + 0k + d = 7j - 4k

d = 7j - 4k

∴ r(t) = (t² + t)i + t³j + t⁴k + 7j - 4k

r(t) = (t² + t)i + (t³ + 7)j + (t⁴ - 4)k

8 0
3 years ago
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