JANUARY 28 Reminder of allocations the company has already determined:
• Total contract price = $2,160.
• Amount allocated to sale of dishwasher = $2,000.
• Amount allocated to installation of dishwasher = $100.
Amount allocated to the maintenance contract = $60.
On January 28, the customer pays $1,200 and receives ownership of the dishwasher. According to the terms
of the contract, as of this date:
• $1.100 of the S1,200 received today goes towards the sale of the dishwasher. The remaining $900
owed on the dishwasher is billable as of today.
• $100 of the $1,200 received today is for payment of the installation, in full (which has not occurred
yet)
The amount allocated for the maintenance will only be owed and billable once the dishwasher is
installed (again, this has not occurred yet)
Prepare the appropriate journal entry for January 28 below. Make sure you differentiate between different
forms of earned and uneared revenues, and it is clear which lines are your debits and which are your credits.
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Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false

An important application of regression analysis in accounting is in the estimation of cost. by collecting data on volume and cost and using the least squares method to develop an estimated regression equation relating volume and cost, an accountant can estimate the cost associated with a particular manufacturing volume. consider the following sample of production volumes and total cost data for a manufacturing operation. production volume (units) total cost ($) 400 4000 450 5000 550 5400 600 5900 700 6400 750 7000 compute b 1 and b 0 (to 2 decimals if necessary). b 1 b 0 complete the estimated regression equation (to 2 decimals if necessary). = + x what is the variable cost per unit produced (to 1 decimal)? $ compute the coefficient of determination (to 4 decimals). note: report r 2 between 0 and 1. r 2 = what percentage of the variation in total cost can be explained by the production volume (to 2 decimals)? % the company's production schedule shows 500 units must be produced next month. what is the estimated total cost for this operation (to 2 decimals)? $