Business, 13.12.2019 02:31 juliannabartra
Playtime toys, inc. manufactures toys designed to inspire the imaginations of children. in order to control all of the marketing operations, playtime owns all of the organizations in the channel of distribution for its toys, including the chain of playtime retail stores. the approach taken by playtime is known as an administered distribution system.
Answers: 2
Business, 22.06.2019 04:50
Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.
Answers: 1
Business, 22.06.2019 07:40
Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z
Answers: 3
Business, 22.06.2019 15:20
Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.
Answers: 1
Business, 22.06.2019 19:00
James is an employee in the widget inspection department of xyz systems, a government contractor. james was part of a 3-person inspection team that found a particular batch of widgets did not meet the exacting requirements of the u.s. government. in order to meet the tight deadline and avoid penalties under the contract, james' boss demanded that the batch of widgets be sent in fulfillment of the government contract. when james found out, he went to the vice president of the company and reported the situation. james was demoted by his boss, and no longer works on government projects. james has a:
Answers: 3
Playtime toys, inc. manufactures toys designed to inspire the imaginations of children. in order to...
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
English, 18.09.2020 04:01
Social Studies, 18.09.2020 04:01
Social Studies, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
History, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01
Mathematics, 18.09.2020 04:01