Managerial Accounting
Managerial Accounting
1st Edition
ISBN: 9780137024872
Author: Datar, Srikant M./
Publisher: Pearson College Div
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Chapter 2, Problem 22E

1.

To determine

Draft a graph that shows the fixed, variable and total manufacturing cost for flanges by using the units (Number of flanges) on the x-axis.

2.

To determine

Identify whether Company G could able to make profit if it sells 4,000 flanges at lesser price compared with Company F.

3.

To determine

Identify whether Company G could able to make profit if it sells 10,000 flanges at lesser price compared with Company F.

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Allowance for Doubtful Accounts has a debit balance of $1,800 at the end of the year, before adjustments. If an analysis of receivables indicates doubtful accounts of $29,500, what will be the amount of the appropriate adjusting entry?
I am looking for the correct answer to this general accounting question with appropriate explanations.
Fiona Industries plans to produce 30,000 units next period at a denominator activity of 60,000 direct labor hours. The direct labor wage rate is $16.50 per hour. The company's standards allow 2.2 yards of direct materials for each unit of product; the material costs $10.50 per yard. The company's budget includes a variable manufacturing overhead cost of $3.25 per direct labor hour and fixed manufacturing overhead of $285,000 per period. Using 60,000 direct labor hours as the denominator activity, compute the predetermined overhead rate and break it down into variable and fixed elements.
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