Parker hardware store had net credit sales of $8,000,000 and cost of goods sold of $5,000,000 for the year. the accounts receivable balances at the beginning and end of the year were $600,000 and $700,000, respectively. the receivables turnover was

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection