Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Question - SIAST Corporation has a December 31 year end. The company sells calculators and provides a lifetime warranty on their product. Using past experience they estimate that 2% of calculators sold will be returned for replacement. The replacement cost of one calculator is $25. During 2020 the total sales for SIAST Corporation was $650,000 or 13,000 calculators sold at $50 per unit. On January 10, 2021 thirty calculators were returned and replaced under the warranty.
REQUIRED -
1. Prepare the journal entry to record the estimated warranty for 2020 on December 31.
2. Prepare the journal entry to record the replacement of the calculators on January 10, 2021.
If efficiency variance for direct labor for particular product is $20,000 for particular period, the efficiency variance for product's VMOH for that period is
What is the range of transfer prices within which both the Divisions' profits would increase as a result of agreeing to the transfer of 10,000.
How can higher levels of utilization be achieved at 100% efficiency? Efficiency can be increased by decreasing wasted time and materials. What are some examples
Use net present value analysis to determine whether or not the contract should be accepted. (Round all calculations to the nearest dollar.)
The cycle in a hospital from admission to collection of the billing can be broken down into the following phases: cash, purchase of resources, availability of resources, patient treatment, patient release, billing, receivables and collection.
Determine what advances in accounting and / or information technology could have prevented the event from occurring. Provide support for your argument
Which is the main objective of internal processes? To focus on improving the company's operations to eliminate waste and inefficiencies
Prepare The Fantastic Ice Cream Shoppes June income statement using a traditional format - June income statement using a contribution margin format
Discuss why using financial accounting information for managerial decision-making may lead to distorted decisions (Specific examples need to be provided)
This will be accomplished by revising the price paid per flying hour based on the revised estimates of flying hours. What is the new price per flying hour?
What a Bottleneck is and explain why it is a problem in manufacturing. Identify strategies a firm may us to overcome the problems a bottleneck may cause.
Waterway Industries spent $8800 to produce Product 89, which can be sold as is for $11000, or processed further incurring additional costs of $3300and
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd