Answer
The answer and procedures of the exercise are attached in the following archives.
Step-by-step explanation:
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
Answer:
Dividend for year one;
2.40 × (1+0.12)= 2.688
For year 2
2.40 × (1+0.12)^2 =3.01056
For year 3
2.40 ×(1+0.12)^3 = 3.3718
Answer:
COGS= $807,500
Explanation:
<u>First, we need to calculate the unitary cost for direct material, direct labor, and manufacturing overhead:</u>
direct material= 2*2= $4
direct labor=2.7*20= $54
overhead= 2.7*10= $27
Total unitary cost= $85
<u>Now, the cost of goods sold:</u>
COGS= 85*9,500= $807,500
Answer:
accounts receivable = $276,000
total credit sales = $1,000,000
3% of accounts receivable will not be decollete = $276,000 x 3% = $8,280
if allowance for doubtful accounts has a credit balance of $2,200, you must add = $8,280 - $2,200 = $6,080
the adjusting entry should be:
Dr Bad debt expense 6,080
Cr Allowance for doubtful accounts 6,080
Since allowance for doubtful accounts is a contra asset account it has a credit balance that reduces the value of accounts receivable.
Answer: A.) $32.64 per machine hour
Explanation:
Given the following :
Estimated machine hours = 41,000 machine hours
Estimated variable manufacturing overhead = $4.16 per machine hour
Estimated total fixed manufacturing overhead = $1,167,680
Total Estimated manufacturing overhead :
(Estimated total variable manufacturing overhead + Estimated total fixed manufacturing overhead)
Estimated total variable manufacturing overhead:
$4.16 × estimated hours
= $4.16 × 41,000
= $170560
Total Estimated manufacturing overhead :
$170560 + $1,167,680 = $1338240
Hence,
Predetermined overhead rate :
Total Estimated manufacturing overhead / estimated hours
= $1338240 / 41000
=$32.64
