Kingsport containers company makes a single product that is subject to wide seasonal variations in demand. the company uses a job-order costing system and computes plantwide predetermined overhead rates on a quarterly basis using the number of units to be produced as the allocation base. its estimated costs, by quarter, for the coming year are given below: quarter first second third fourth direct materials $ 240,000 $ 120,000 $ 60,000 $ 180,000 direct labor 128,000 64,000 32,000 96,000 manufacturing overhead 300,000 220,000 180,000 ? total manufacturing costs (a) $ 668,000 $ 404,000 $ 272,000 $ ? number of units to be produced (b) 80,000 40,000 20,000 60,000 estimated unit product cost (a) ÷ (b) $ 8.35 $ 10.10 $ 13.60 $ ?

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.