Journal entries
Dr Allowance for uncollectible account $41,000
Cr Account Receivable $41,000
Dr Account receivable $3,600
Cr Allowance for uncollectible account $3,600
Dr Cash $3,600
Cr Account receivable $3,600
<span>According to economists the efficient use of resources is a situation where one person can be made to look better in the scenario, but only by making another person look worse. Inefficient use of resources or insufficient resources brings scarcity in the economy.</span>
Answer:
taking an inventory of the special equipment, facilities, and systems needed for production.
Explanation:
Answer:
c. $140,000
D) Manufacturing Overhead.
Explanation:
800,000 / 40 = 20,000 books sold
variable cost per book:
$3 selling + 5% of the sale as adminsitrative cost =
3 + 40 x 0.05 = 5
5 x 20,000 = 100,000 variable cost
total variable cost:
560,000 + 100,000 variable selling and administrative = 660,000
800,000 sales revenue
<u> - 660,000 </u> variable cost
140,000 contribution margin
Q2:
The indirect materials will be cahrge agains t the debit of manufacturing overhead to latter define the amount under-over applied
The answer is "marketing information system"