Answer:
A.$8,600
Explanation:
The journal entry to record the bad debt expense is shown below:
Bad debt expense A/c Dr $8,600
To Allowance for doubtful debts $8,600
(Being bad debt expense is recorded)
Since the bad debt expense is an expense so the same is recorded in the debit side of the balance sheet while the estimated uncollectible portion reduces the account receivable balance so we credited it
Answer:
The correct answer is B. integrated marketing communication
Explanation:
Integrated Marketing Communications ensures that all forms of communications and messages are carefully linked together. At its most basic level this communication means integrating all the promotional tools, so that they work together in harmony.
Answer:
$17,000
Explanation:
Step 1: Determine the formula for the direct material used
= Beginning Direct Material Inventory + Purchases of Direct Materials - Ending Direct Material Inventory
The Work in progress values should only find expression Manufacturing Account Statement preparation of production cost.
Step 2: Fit the figures into the formula
Beginning Direct Material = $12,000
Purchases of Direct Materials = $15,000
Closing/ Ending Direct Material = $10,000
Cost of Direct Material Used = $12,000 + $15,000- $10,000= $17,000.
Note: Direct material are those raw materials in production or manufacturing that are directly used, related or traceable to the goods or products manufactured.
Answer:
<em> D)</em> $3,937.50 favorable
Explanation:
We need to use the formula to work out the variance:
![$$Actual hours worked * (standard overhead rate - Actual overhead rate)\\=Variable overhead spending variance](https://tex.z-dn.net/?f=%24%24Actual%20hours%20worked%20%2A%20%28standard%20overhead%20rate%20-%20Actual%20overhead%20rate%29%5C%5C%3DVariable%20overhead%20spending%20variance)
We post the know values in your table and calculate the variance.
![7,875 * (31.5 - 31) = 3.937,5](https://tex.z-dn.net/?f=7%2C875%20%2A%20%2831.5%20-%2031%29%20%3D%203.937%2C5)
It is favorable because the actual price was lower than standart, the company saved cash, it was a favorable spending.
Remember:
If Standard - Actual = positive --> favorable variance
If Standard - Actual = negative --> unfavorable variance