Blossom Company Trial Balance December 31, 2022 Cash $350 Accounts Receivable 616 Prepaid Insurance 97 Supplies 212 Equipment 4720 Accumulated Depreciation, Equipment $710 Accounts Payable 453 Common Stock 1420 Retained Earnings 1650 Service Revenue 3532 Salaries and Wages Expense 1180 Rent Expense 590 $7765 $7765 If service for $207 had been performed but not billed, the adjusting entry to record this would include a: credit to Service Revenue for $207. credit to Unearned Service Revenue for $207. debit to Service Revenue for $207.

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z