1. A company has year-end balances of $200,000 in accounts receivable and $3,000 (cr.) in allowance for doubtful accounts. Before closing the books at year-end, the company decides to write off an additional $1,000 in bad debt. After the write off, what is the company’s new net realizable value?:

2. It takes 10 pounds of material to make one product. The material has a standard cost of $2 per pound. The company buys 100,000 pounds of material at $2.20 per pound and uses 73000 pounds to make 7000 units. What is the material usage variance?:

Answer rating: 100% (QA)

1 To calculate the companys new net realizable value after the additional writeoff of 1000 ... View the full answer