Answer:
Total Cost of the Job $
Direct materials 480
Direct labour 150
Additional labour 100
Applied overhead 600
Total cost 1,330
The total amount to be transferred to finished goods inventory in November is $1,330.
Explanation:
The total cost of the job is the total of direct material, direct labour, additional labour and manufacturing overhead applied. The additional labour cost is considered because it is required to complete the job.
Answer:
$74,000.
Explanation:
Operating activities are those activities that are linked to the provision of goods and services. These activities are performed to conduct the core operations of the business. Operating activities earn revenue and generate profits for the entity, so transactions related to Non-current assets, Liabilities, and Equity are excluded from operating activities.
While preparing a cash flow statement under indirect method, the opening and closing balances of Accounts receivable are compared to determine the cash inflow/outflow. The opening balance of receivable is $16,000. During the period, $64,000 of credit sales were made. This will increase the balance of receivable to $80,000. The ledger of receivable reveals that the ending balance is $10,000, this means that the receivables decrease by $70,000 during the period. A decrease in receivable is a cash inflow. But it should be noted here that balances provided are stated at NRV (Net Realizable Value), it means that these balances include the effect of bad debts. We have to remove this effect because bad debt (uncollectible accounts expense) is a non-cash expense, it is just the estimation of management and the requirement of prudence concept. This amount should be added back to in-flows, and the resultant value will be $74,000.
<u>Calculation</u>
16,000 + 64,000 - 10,000 + 4,000 = $74,000.
After the necessary troubleshoot of adding the web-config transformation file, they can also proceed to publish options to have debugging enabled or disable.
<h3>What is the problem about?</h3>
In web design, the problem is often occurring when the webmaster is trying to publish an website as an web-role.
However, after the necessary troubleshoot of adding the web-config transformation file, they can also proceed to publish options to have debugging enabled or disable.
Read more about custom error page
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Answer:
Bad debts expense Debit $ 600
Allowance for Uncollectible expenses Credit $ 600
Explanation:
The allowance for uncollectible accounts is estimated usually on the basis of a percentage of credit sales. The data in the question indicates that the estimated losses from uncollectible accounts is $ 1,000.
The unadjusted balance is $ 400, so the adjusting entry is for the balancing amount, i.e. $ 600. It is debited to bad debts and credited to allowance for uncollectible accounts.
Answer:
$40,000 increase in annual net operating income
Explanation:
If Talboe buys the the wheels then the annual net operating income of the company will be $40,000
Cost of purchasing wheels $0.80 per wheel * 200,000 wheels = $160,000
savings in fixed cost $25,000
Rental income from wheels $55,000
Net cost of buying the wheels $80,000
If company manufactures the wheels its total cost is $200,000
The net change in operating income is $200,000 - $160,000