It costs Cool Clothes Company $15 to produce one pair of jeans, but they needed to discontinue production of shirts to focus on

A. The fixed overhead that is deferred in inventories totals $60,000. Unit product cost Year 1 Year 2 Direct materials $12 $12 Direct labor $5 $5 Variable manufacturing overhead $5 $5 Fixed overhead $48 $36 ($432,000 ÷ 9,000) ($432,000 ÷ 12,000) unit product cost $70 $58 Fixed overhead deferred (1,000 × $48) $48,000 Fixed overhead released -$48,000 Fixed overhead deferred (3,000 × $36) $108,000 Net $48,000 $60,000. The fixed overhead deferred in inventories amounts to $60,000.

Answer:

B) A debit entry to accumulated depreciation amounting to $22,500.

Explanation:

Based on the data provided,

Using the straight-line method, annual depreciation is calculated as ($45,000 - $5,000)/8 = $5,000 per year.

Over a period of 4 years, depreciation totals $5,000 4 = $20,000

For the 5th year, the depreciation for 6 months is $5,000/2 = $2,500

The cumulative depreciation by July 1 of Year 5 equals $20,000 + $2,500 = $22,500

The book value of the equipment at the time of sale stands at $45,000 - $22,500 = $22,500

The equipment was sold for $20,000

The profit or loss from the sale is calculated as $20,000 - $22,500 = - $2,500

Consequently, there is a loss of $2,500

Therefore, options c and d are not valid choices.

Moreover, any cash received from the sale is recorded as a debit, making option a incorrect as well.

The total accumulated depreciation equals $22,500

Thus, the appropriate journal entry includes a debit to accumulated depreciation for the amount of $22,500.

Therefore, option b is valid.

<span>During spring, James enjoys spending his afternoons at the park. What does this imply about his opportunity cost? The opportunity cost for James while at the park consists of alternative activities he's forgoing in order to be there. When considering opportunity cost, it reflects the trade-off of selecting one option over another. </span>

Answer:

Alpha

Beta

Delta

Epsilon

Zeta

Explanation:

It is vital to regularly update and organize the customer list to pinpoint the frequent buyers and those with substantial orders. The list comprises numerous customers and is not arranged alphabetically. The clients responsible for at least 5% of the overall transactions are Alpha, Beta, Delta, Epsilon, and Zeta. They should be prioritized at the beginning of the list compared to others.