The camper's edge factory produces two products — canopies and tents. it has two separate departments — cutting and sewing. the factory overhead budget is $350,000 for the cutting department and $400,000 for the sewing department. each canopy requires 2 hours of cutting and 1 hour of sewing. each tent requires 1 hour of cutting and 6 hours of sewing. the budget estimates that 20,000 canopies and 10,000 tents will be manufactured during the year. a. determine the total number of budgeted direct labor hours for the year in each department. direct labor hours labor hours b. determine the departmental factory overhead rates for both departments. round your answers to two decimal places, if necessary. c. determine the factory overhead allocated per unit of each product using the department factory overhead allocation rates using direct labor hours as the base. round your answers to two decimal places, if necessary. tot. foh per canopy tot. foh per tent

When earning simple interest on money you invest, which statement is true? a. as time goes on and your bank account grows, you earn more interest. b. as time goes on and your bank account grows, you earn less interest. c. as time goes on and your bank account grows, you earn the same amount of interest. d. as time goes on and your bank account grows, you stop earning interest.

Assume that all of thurmond company’s sales are credit sales. it has been the practice of thurmond company to provide for uncollectible accounts expense at the rate of one-half of one percent of net credit sales. for the year 20x1 the company had net credit sales of $2,021,000 and the allowance for doubtful accounts account had a credit balance, before adjustments, of $630 as of december 31, 20x1. during 20x2, the following selected transactions occurred: jan. 20 the account of h. scott, a deceased customer who owed $325, was determined to be uncollectible and was therefore written off. mar. 16 informed that a. nettles, a customer, had been declared bankrupt. his account for $898 was written off. apr. 23 the $906 account of j. kenney & sons was written off as uncollectible. aug. 3 wrote off as uncollectible the $750 account of clarke company. oct. 20 wrote off as uncollectible the $1,130 account of g. michael associates. oct. 27 received a check for $325 from the estate of h. scott. this amount had been written off on january 20 of the current year. dec. 20 cater company paid $7,000 of the $7,500 it owed thurmond company. since cater company was going out of business, the $500 balance it still owed was deemed uncollectible and written off. required: prepare journal entries for the december 31, 20x1, and the seven 20x2 transactions on the work sheets provided at the back of this unit. then answer questions 8 and 9 on the answer sheet. t-accounts are also provided for your use in answering these questions. 8. which one of the following entries should have been made on december 31, 20x1?

Need true or false 1 2 3 4 5 6 7 8