Chapter 7, Problem 7.16E

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LMN Company reported net income of $87,500 for the year. If the company's total expenses were $142,500, what was the company's total revenue for the year?

The standard cost of Product ZT includes 3.5 hours of direct labor at $16 per hour. The predetermined overhead rate is $28 per direct labor hour. During August, the company incurred 5,100 hours of direct labor at an average rate of $15.75 per hour and $148,400 of manufacturing overhead costs. It produced 1,400 units.  Compute the total overhead variance.

Please explain the solution to this general accounting problem using the correct accounting principles.

What was the company's total revenue for the year?

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The company had net sales of $49,000 and ending accounts receivable of $5,700 for the current period. Its days' sales uncollected equals how many days? (Round your answer to nearest number)

Financial accounting