The total cost amounts to $8,817. The expense formula for Sherburne Snow Removal's vehicle is a $2,510 monthly base charge along with an additional $371 for each snowfall day. The actual activity level was 17 snow days. The flexible budget will adjust the standard costs to reflect actual utilization. The calculated fixed costs total $2,510, and the variable costs, multiplied by the number of snow days, amount to $6,307, combining for a total of $8,817.
Answer:
Explanation:
Accounts receivable of 320,000 debit
Allowance 600 credit
Sales total 900,000
1% estimated uncollectible:
900,000 x 1% = 9,000
The necessary adjusting entry will be for 9,000
As the calculated allowance corresponds to the sales of this period, we anticipate that 9,000 will be uncollectible in the upcoming period. It’s essential to acknowledge the entire sum now; otherwise, in a future period, we will incur bad debt expense for this previous period.
Recognizing the full amount aligns with the sales period, accommodating for any future uncollectible amounts arising from these sales
Management accounting involves the assessment and analysis of both financial and non-financial data pertinent to a business. This function is crucial for the Controller’s role within an organization, as the Controller reports directly to the CFO. The resulting report provides essential information that aids in formulating strategic decisions to meet the organization’s objectives.
Answer:
A) 10,000 units = 15.75 dollars each
15,000 units = 10.5 dollars each.
B) 10,000 units = 1,260,000 in variable costs
15,000 units = 1,875,000 in variable costs
Explanation:
To determine the first figure, simply divide the fixed costs, which include operational and administrative expenses from the production of goods, by the total units produced, computed as follows:
157,500/10,000= 15.75
157,500/15,000=10.5
To calculate the difference regarding variable costing, multiply the per-unit cost by the total units expected to be produced:
126x10,000=1,260,000
126x15,000=1,875,000
