Answer:
Option (C) is correct.
Explanation:
Variable overhead per unit:
= Variable overhead ÷ Total units produced
= $70,000 ÷ 10,000
= $7 per unit
Fixed overhead per unit:
= Fixed overhead ÷ Total units produced
= 120,000 ÷ 10,000
= $12 per unit
Total product cost:
= Direct materials + Direct labor + Variable overhead + Fixed overhead
= 10 + 6 + 7 + 12
= $35 per unit
Answer:
Debit Depreciation Expense, $525;
Credit Accumulated Depreciation, $525.
Explanation:
Based on the information given in a situation where the financial statements are to be prepared on December 31, which means that the company should make the following adjusting entry:
Debit Depreciation Expense, $525
Credit Accumulated Depreciation, $525
Calculated as:
Debit depreciation expense $6,300/12
Debit depreciation expense=$525
Cost : 6400
900 + 1,350 = 2,250
2,250 + 500 = 2,750
2,750 + 1,350 = 4,100
4,100 + 2,800 = 6900
So there’s more than 6,400 dollars
Answer:
correct option is $750
Explanation:
solution
we know here that Net balance of opening accounts receivable is
Net balance of opening accounts receivable = $30000 - $500
Net balance of opening accounts receivable = $29500
and
Credit sales during the year is here $7500
0
and Cash payments received = 74550
so
uncollecectible account expenses = credit sales × % of sale uncollectible
so uncollecectible account expenses = $75000 × 1%
uncollecectible account expenses = $750
so correct option is $750
Answer:
Financial planning is a step-by-step approach to meet one's life goals. A financial plan acts as a guide as you go through life's journey. Essentially, it helps you be in control of your income, expenses and investments such that you can manage your money and achieve your goals.
Explanation:
