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Annette [7]
3 years ago
11

Before the year​ began, Tardis Manufacturing estimated that manufacturing overhead for the year would be $175,700 and that 25,90

0 direct labor hours would be worked. Actual results for the year included the​ following:Actual manufacturing overhead cost $182,900Actual direct labor hours 20,900If the company allocates manufacturing overhead based on direct labor​ hours, the manufacturing overhead for the year would have been ?(Round intermediary calculations to the nearest​ cent.)A. $41,198 underallocated.B. $7,200 underallocated.C. $41,198 overallocated.D. $7,200 overallocated.
Business
1 answer:
____ [38]3 years ago
5 0
Sss#undeijideddede3dss
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On January 10, Molly Amise uses her Lawton Co. credit card to purchase merchandise from Lawton Co. for $1,700. On February 10, M
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Answer:

the journal entry are given below

Explanation:

given data

On January 10

purchase merchandise = $1,700

On February 10

amount due = $1,700

On February 12

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On March 10

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solution

Interest revenue to be recorded on March 10 that is calculated as

Unpaid balance as of February 12 = $1700 - $1100 = $600

and interest rate = 1% per month

so

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so the journal entry are

date                          account title                                   debit            credit

January 10                account receivable                      $1700                                                           sales revenue                                                   $1700

February 12              cash                                               $1,100

                                 sales revenue                                                       $1100

March 10                   account receivable                      $6

                                 interest revenue                                                    $6

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