The answer to your question is B.
Answer:
The debit in the journal entry to record sale is Accounts receivable debit by $24700.
Explanation:
The gross method requires a company to record the sale at the gross value i.e. without deducting the discount allowed. Thus, under Gross method, the sale is recorded at its actual value. The entry to record this sale is:
Accounts Receivable 24700 Dr
Sales revenue 24700 Cr
Thus, in this entry under gross method, the debit is Accounts receivable by $24700.
Answer:
Increased consumption leads to an increase in the production of goods, which in turn puts stress on the environment. Globalization causes rise in the amount of fuel that is consumed in transporting these products has led to an increase in the pollution levels in the environment.
Seventy percent of Chinese households burn coal or biomass for cooking and heating, which contaminates indoor air. Adverse effects of combustion-related air pollution include reduced fetal and child growth, pulmonary disease including asthma, developmental impairment, and increased risk of cancer.
Coal is the leading culprit of air pollution in China. 75% of the premature deaths are caused by the 152 coal-fired power plants in Hebei Province. Air pollution will remain a serious problem in China as long as coal continues to be the country's major energy source.
Explanation:
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Units produced - Inspection cost
February: 911 - $16,812
March: 961 - $17,200
April: 917 - $16,865
May: 901 - $16,710
June: 923 - $16,894
July: 908 - $16,780
August: 925 - $16,932
September: 865 - $16,300
October: 904 - $16,738
To calculate the fixed component using the high-low method, first, we need to calculate the unitary variable cost:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (17,200 - 16,300) / (961 - 865)
Variable cost per unit= $9.375 per unit
Now, we can calculate the fixed costs:
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 17,200 - (9.375*961)
Fixed costs= 8,190.625
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 16,300 - (9.375*865)
Fixed costs= $8,190.625
Answer:
debit to MOH for $72,000
Explanation:
MOH which is regarded as
Manufacturing overhead cost, and is the total of indirect costs spend during manufacturing process of a particular product.
From the question, we are informed that the Company incurred $90,000 of depreciation for the year. Eighty percent relates to the firm's production facilities, and 20% relates to sales and administrative offices.
Then, 80% of $90,000= (0.80×90000)=72,000
Then the MOH is $72,000 which can be recorded in company's accounting records as MOH.
