Merritt Equipment Company sells computers for $2,130 each and also gives each customer a 2-year warranty that requires the company to perform periodic services and to replace defective parts. During 2017, the company sold 1,100 computers. Based on past experience, the company has estimated the total 2-year warranty costs as $60 for parts and $75 for labor per computer. Assume sales all occur December 31, 2017). In 2015, Merritt incurred actual warranty costs relative to 2017 computer sales of $11.600 for parts and $17.400 for labor. 1, Under the expense warranty proach, give the entries to reflect the above transactions (accrual method) for 2017 and 2018.
2. The transactions of part (a) create what balance under current liabilities in the 2017 balance sheet?

Serious question, which is preferred in a business? pp or poopoo?

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Acompany has two products: standard and deluxe. the company expects to produce 36,375 standard units and 62,240 deluxe units. it uses activity-based costing and has prepared the following analysis showing budgeted cost and cost driver activity for each of its three activity cost pools.budgeted activity of cost driver activity cost pool budgeted cost standard deluxe activity 1 $ 93,000 2,500 5,250 activity 2 $ 92,000 4,500 5,500 activity 3 $ 87,000 3,000 2,800 what is the overhead cost per unit for the standard units? what is the overhead cost per unit for the deluxe units? (round activity rate and cost per unit answers to 2 decimal places.)activity expected costs expected activity driver activity rate1 93,000 2 92,000 3 87,000 standard activity activity driver activity rate allocated costs1 2 3