Chapter 12, Problem 4CE

I need the correct answer to this general accounting problem using the standard accounting approach.

Please show me how to solve this financial accounting problem using valid calculation techniques.

Rent of $3,000 per month is considered a fixed cost.How does this affect the total cost if production increases?

Net credit sales were $500,000 and average accounts receivable was $50,000.What is the accounts receivable turnover ratio?

I need help with this general accounting question using the proper accounting approach.

Could you explain the steps for solving this financial accounting question accurately?

Accounting problem

What are the company's day's sales in receivables?

Patton Manufacturing applies factory overhead based on direct labor hours. At the beginning of the year, it was estimated that factory overhead costs would be $850,000 and direct labor hours would be 50,000. The actual manufacturing overhead costs incurred were $795,000, and the actual direct labor hours worked were 45,000. The entry to apply the factory overhead costs for the year would include a: a. credit to Factory Overhead for $765,000 b. debit to Factory Overhead for $795,000 c. debit to Factory Overhead for $765,000 d. credit to Factory Overhead for $850,000