Consider the following budget information: materials to be used totals $69,750; direct labor totals $198,400; factory overhead totals $394,800; work in process inventory january 1, 2010, was expected to be $189,100; and work in progress inventory on december 31, 2010, is expected to be 197,600. what is the budgeted cost of goods manufactured?
a. $662,950
b. $671,450
c. $654,450
d. $1,049,650

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.

Retail industry fundamentals credential exam,part 1 all answers

You are to receive five gold coins from your great uncle as an incentive to study hard. the coins were originally purchased in 1982. your great uncle will deliver the coins the week after finals (assuming your grades are "acceptable"). the amount your great uncle paid for the coins is a(n): indirect cost.overhead cost.opportunity cost.sunk cost.