Business, 07.10.2019 23:10 douglastheboy
During burns company's first year of operations, credit sales totaled $166,000 and collections on credit sales totaled $118,000. burns estimates that bad debt losses will be 2.0% of credit sales. by year-end, burns had written off $430 of specific accounts as uncollectible. required: 1. prepare all appropriate journal entries relative to uncollectible accounts and bad debt expense. 2. show the year-end balance sheet presentation for accounts receivable.
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Direct materials (4.2 x $15) $ 63direct labor ($12 x 17.5) $210manufacturing overhead ($2.40 x 17.5) $42total job cost $ 315dougan, inc. allocates overhead based on a predetermined overhead rate of $2.40 per direct labor hour. employees are paid $12.00 per hour. job 24 requires 4.2 pounds of direct materials at a cost of $15.00 per pound. employees worked a total of 17.5 hours to complete the job. actual manufacturing overhead costs totaled $80,000 for the year for the company. how much is the cost of job 24?
Answers: 1
During burns company's first year of operations, credit sales totaled $166,000 and collections on cr...
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