Answer:
$35,400
Explanation:
The total cost is the sum of the direct and indirect costs. The direct cost is made up of the direct material and direct labour costs. The indirect cost or overheads is a cost to be apportioned based on the estimated total for the year and the units produced during the period
Total direct cost for January = 600 ($20 + $30)
= $30,000
Total indirect cost for January = 600/6000 * $54,000
= $5,400
The total cost of the units made in January was
= $30,000 + $5,400
= $35,400
Answer:
C. DEBIT TO SALES RETURNS
D. CREDIT TO ACCOUNTS RECEIVABLE
Explanation:
The journal entry to record the May 15 transaction is shown below:
Sales return and allowance A/c Dr $40,000
To Accounts receivable $40,000
(Being sales return is recorded)
For recording the given transaction we debited the sales return and credited the account receivable. Both are recorded for $40,000
I would say 50, if im wrong im sorry
Answer:
the maximum amount is $3,150
Explanation:
The computation of the maximum amount that could be used as an interest expenses while calculating the item deductions for the present year is shown below:
Here we considered only the home mortgage interest i.e. qualified i.e. $3,500
The other things would not be considered like interest on automobile loan, interest on bank loan etc as it is not allowed
Therefore the maximum amount is $3,150
