Jervis sells $4,400 of its accounts receivable to Northern Bank in order to obtain necessary cash. Northern Bank charges a 4% factoring fee. What entry should Jervis make on to record the transaction? a. Debit Accounts Receivable $4,400; credit Cash $4,400.
b. Debit Cash $4,400; credit Accounts Receivable $4,400.
c. Debit Cash $4,576; credit Factoring Fee Expense $176; credit Accounts Receivable $4,400.
d. Debit Cash $4,224; debit Factoring Fee Expense $176; credit Accounts Receivable $4,400.
e. Credit Cash $4,224; credit Factoring Fee Expense $176; debit Accounts Receivable $4,400.

Kubin company’s relevant range of production is 18,000 to 22,000 units. when it produces and sells 20,000 units, its average costs per unit are as follows: average cost per unit direct materials $ 7.00 direct labor $ 4.00 variable manufacturing overhead $ 1.50 fixed manufacturing overhead $ 5.00 fixed selling expense $ 3.50 fixed administrative expense $ 2.50 sales commissions $ 1.00 variable administrative expense $ 0.50 required: 1. for financial accounting purposes, what is the total amount of product costs incurred to make 20,000 units? 2. for financial accounting purposes, what is the total amount of period costs incurred to sell 20,000 units? 3. for financial accounting purposes, what is the total amount of product costs incurred to make 22,000 units? 4. for financial accounting purposes, what is the total amount of period costs incurred to sell 18,000 units?