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2 years ago

Sunland Company gathered the following reconciling information in preparing its July bank reconciliation:

Business

1 answer:

nikdorinn [45]2 years ago

7 0

Answer:

the adjusted cash balance per book is $25,390

Explanation:

The computation of the adjusted cash balance per book is shown below

= Cash balance per books + Notes receivable and interest collected by the bank - Bank charge for check printing - NSF check

= $21,600 + $4,440 - $70 - $580

= $25,390

Hence, the adjusted cash balance per book is $25,390

We simply applied the above formula so that the correct value could come

And, the same is to be considered

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The unrecognized net gain or loss balance must be amortized when it exceeds 10% of the larger of the: beginning accumulated bene

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Answer:

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Explanation:

The balance of the Unrecognized Net Gain or Loss account subject to amortization only if it exceeds 10% of the larger of the beginning balances of the projected benefit obligation or the market-related value of the plan assets.

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3 years ago

Scoresby Co. uses 3 machine hours and 1 direct labor hour to produce Product X. It uses 4 machine hours and 8 direct labor hours

beks73 [17]

Answer:

Explanation:

The applied overhead will be calculate by the product of the cost diver and the overhead rate:

Cost driver for each product:

Product X 3MH and 1LH

Product Y 4MH and 8LH

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2 years ago

The fixed cost of Brendon Willows, a baseball bat manufacturing company, is $500,000 per year. The cost of wood and labor to man

Inessa [10]

Answer:

option (B) 25,000

Explanation:

Data provided in the question:

Fixed cost = $500,000 per year

Cost of wood and labor to manufacture one bat = $5

Selling price of the bat = $25

Now,

At breakeven, total cost equals to the total revenue

let the breakeven quantity be 'x'

thus,

$500,000 + $5x = $25x

$25x - $5x = $500,000

$20x = $500,000

x = 25,000

Hence,

the correct answer is option (B) 25,000

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2 years ago