Following are the merchandising transactions for dollar store.
nov.
1 dollar store purchases merchandise for $1,500 on terms of 2/5, n/30, fob
shipping point, invoice dated november 1.
5 dollar store pays cash for the november 1 purchase.
7 dollar store discovers and returns $200 of defective merchandise purchased
on november 1, and paid for on november 5, for a cash refund.
10 dollar store pays $75 cash for transportation costs for the november 1
purchase.
13 dollar store sells merchandise for $1,620 with terms n/30. the cost of the
merchandise is $810.
16 merchandise is returned to the dollar store from the november 13
transaction. the returned items are priced at $300 and cost $150; the items
were not damaged and were returned to inventory.
journalize the above merchandising transactions for the dollar store assuming it uses a perpetual inventory system and the gross method.

All else being equal, which is true about a firm with high operating leverage relative to a firm with low operating leverage? select one: a. a higher percentage of the high operating leverage firm's costs are fixed. b. the high operating leverage firm is exposed to less risk. c. the debt payments limit the high operating leverage firm's opportunities to turn a big profit. d. the high operating leverage firm has more debt.

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Laval produces lamps and home lighting fixtures. its most popular product is a brushed aluminum desk lamp. this lamp is made from components shaped in the fabricating department and assembled in the assembly department. information related to the 22,000 desk lamps produced annually follows.direct materials $280,000direct labor fabricating department (8,000 dlh × $24 per dlh) $192,000assembly department (16,600 dlh × $26 per dlh) $431,600machine hours fabricating department $15,200mhassembly department $20,850mhexpected overhead cost and related data for the two production departments follow.fabricating assemblydirect labor hours 150,000dlh 295,000dlhmachine hours 161,000mh 128,000mhoverhead cost $400,000 430,000required1. determine the plantwide overhead rate for laval using direct labor hours as a base.2. determine the total manufacturing cost per unit for the aluminum desk lamp using the plantwide overhead rate.3. compute departmental overhead rates based on machine hours in the fabricating department and direct labor hours in the assembly department.4. use departmental overhead rates from requirement 3 to determine the total manufacturing cost per unit for the aluminum desk lamps.