If net sales for the current year were $612,000, the firm's days' sales uncollected for the year is: (Use 365 days a year.)
1 answer:
Answer:
42 days.
Explanation
Note: The full question is attached as picture below
Account receivable turnover ratio = $612,000 / $70,422
Account receivable turnover ratio = 8.69
Account collection period = 365 / 8.69
Account collection period = 42.00230.
Thus, the firm’s sales uncollected for year is 42 days.
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Answer:
Standard hour will be equal to 3600 hours
Explanation:
We have given 3900 direct labor hours to produce 1300 units of the product
So standard hour per unit is
Number of units produced is given = 1200 units
And standard hour per unit is 3 hour per unit
We have to fond the standard hours allowed for the October
So the standard hour will be equal to = 1200 ×3 = 3600 hour