Answer:
<u><em>Storm Concert Promotions</em></u>
It was overapplied as the amount appliued exceed the actual overhead cost so we decrease the cost of good.
manufacturing overhead 3,200 debit
COGS 3,200 credit
<u><em>Valle Home Builders</em></u>
It was underapplied as the amount applied was below the actual overhead cost. We must increase the cost of our good sold to recognize the extra cost.
COGS 1,200 debit
manufacturing Overhead 1,200 credit
Explanation:
Storm Concert Promotions
Actual indirect materials costs 22,000
Actual indirect labor costs 46,000
Other overhead costs <u> 17,000 </u>
Total overhead 85,000
Overhead applied 88,200
Overapplied overhead 3,200
Valle Home Builders
Actual indirect materials costs 12,500
Actual indirect labor costs 46,500
Other overhead costs <u> 47,000 </u>
Total overhead 106,000
Overhead applied 105,200
Overhead underapplied 1,200
According to the enotes, if a company does not have a current supplier for a part, they must issue a Request for quotation (RFQ) so their potential supplier can provide a detailed quote that might include more than just a per unit price, it may also include delivery date, and payment terms. This quote invites suppliers into a bidding process to bid on specific products or services. However, it is only the first step in a negotiation with a supplier.
Make a study schedule! organize all your notes and materials .flashcards work or find a study buddy who needs someone to push them to focus on the task as well.
NOTE- I have not used every thing on this list but I added them so you can see what works for you :) happy studying
for homework help include khan academy, lit charts, brain(duh), Wikipedia- note I wouldn't use wiki as help writing an essay or something it's not considered a reliable source for things like that. wolfram alpha.
to help with bookmarks and citations
Instapaper, pocket, easybib also if you need a grammar checker for things you have to type you can download Grammarly to your desktop I'm using it now and it's so helpful.
to help with note taking
notability, Evernotes, my script nobo, penultimate, supernotes, pages, office lens.
to help with organization istudiez
,todoist,any.do,wunderlist,treilo, my homework
to help with productivity
audimemo, lastpass, dragon diction,freedom,pomodroido
for flashcards, i really recommend quizlet or study blue.
for math calculators use math way it's so helpful and one of the best calculators I've ever used.
note- if you have a school iPad or something this list can help a lot.
phew finally let me post :D
hope I helped - beanz
Answer:
The net Cash collections from customers were $85683.
Explanation:
The direct method for calculating net cash flow involves deducting from cash sales only operating expenses that needed cash.
Cash collections from customers by Washington company are:
Accounts Receivable, January 1 + Sales - Accounts Receivable, December 31
=$16,099 + $76,821 - $7,237
=$92,920-$7,237
=$85683
The net Cash collections from customers were $85683.
