Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual inventory system. During September, these transactions occurred. Sept. 6 Purchased calculators from Dragoo Co. at a total cost of $1,670, on account, terms n/30 FOB shipping point.
9 Paid freight of $52 on calculators purchased from Dragoo Co.
10 Returned calculators to Dragoo Co. for $72 credit because they did not
meet specifications.
12 Sold calculators costing $480 for $620 to Fryer Book Store, on account,
terms n/30.
14 Granted credit of $41 to Fryer Book Store for the return of one calculator
that was not ordered. The calculator cost $33.
20 Sold calculators costing $600 for $690 to Heasley Card Shop, on account,
terms n/30.
Journalize the September transactions.

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

The following cost data relate to the manufacturing activities of chang company during the just completed year: manufacturing overhead costs incurred: indirect materials $ 15,800 indirect labor 138,000 property taxes, factory 8,800 utilities, factory 78,000 depreciation, factory 150,600 insurance, factory 10,800 total actual manufacturing overhead costs incurred $ 402,000 other costs incurred: purchases of raw materials (both direct and indirect) $ 408,000 direct labor cost $ 68,000 inventories: raw materials, beginning $ 20,800 raw materials, ending $ 30,800 work in process, beginning $ 40,800 work in process, ending $ 70,800 the company uses a predetermined overhead rate of $20 per machine-hour to apply overhead cost to jobs. a total of 20,500 machine-hours were used during the year. required: 1. compute the amount of underapplied or overapplied overhead cost for the year. 2. prepare a schedule of cost of goods manufactured for the year.

Which curve shows increasing opportunity cost as you give up more of one option? demand curve bow-shaped curve yield curve indifference curve