Assume a manufacturing company provides the following information from its master budget for the month of May: Unit sales 5,000 Selling price per unit $ 40 Direct materials cost per unit $ 12 Direct labor cost per unit $ 10 Direct labor wage rate per hour $ 20 Predetermined overheard rate per direct labor-hour $ 16 If the company maintains no beginning or ending inventories, what is the budgeted gross margin for May

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.