26. A specialty dress shop made purchases amounting to $3,700 at cost, with 8% cash discounts...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
26. A specialty dress shop made purchases amounting to $3,700 at cost, with 8% cash discounts earned, workroom costs of $100, and no inward freight. Determine the total cost of the merchandise. 27. A sporting goods buyer placed the following order: 18 nylon backpacks costing $22 each ● • 12 two-person tents costing $54 each 6 camp stoves costing $55 each Shipping costs paid by the store were $60, and a cash discount of 1% was taken. Find: a. Billed cost on the total order. b. Total delivered cost of the merchandise. 26. A specialty dress shop made purchases amounting to $3,700 at cost, with 8% cash discounts earned, workroom costs of $100, and no inward freight. Determine the total cost of the merchandise. 27. A sporting goods buyer placed the following order: 18 nylon backpacks costing $22 each ● • 12 two-person tents costing $54 each 6 camp stoves costing $55 each Shipping costs paid by the store were $60, and a cash discount of 1% was taken. Find: a. Billed cost on the total order. b. Total delivered cost of the merchandise.
Expert Answer:
Answer rating: 100% (QA)
26 The total cost of the merchandise can be calculated as follows Cost of merchandise 3700 Cash disc... View the full answer
Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
Students also viewed these accounting questions
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
-
Suzanne acquired the following ordinary shares in Quarine plc: She made no further acquisitions and the shares were valued at 3.20 each on 31 March 1982. On 24 July 2020, Suzanne sold 1,200 shares...
-
How did Ukropina obtain his first customer and what did that tell him about his business?
-
A 90% interest in Saxton Corporation was purchased by Palm Incorporated on January 2, 2024. The capital stock balance of Saxton Corporation was $3,000,000 on this date, and the balance in retained...
-
How many years will it take for your savings account to accumulate $\$ 1,000,000$ if it pays $4 \%$ interest per annum compounded semiannually and you deposit $\$ 10,000$ every 6 -months at the end...
-
A mixture of propane and butane is burned with air. Partial analysis of the stack gas produces the following dry-basis volume percentages: 0.0527% C 3 H 8 , 0.0527% C 4 H 10 , 1.48% CO. and 7.12% CO...
-
Gitano Products operates a job - order costing system and applies overhead cost to jobs on the basis of direct materials used in production ( not on the basis of raw materials purchased ) . Its...
-
Determine the magnitude of the resultant force FR = F1 + F2 and its direction, measured counterclockwise from the positive x axis. Given: F1 = 600 N F2 = 800 N F3 = 450 N = 45 deg = 60 deg = 75...
-
The expected yield on a 2 year security is 7.8%. If the yield on a t-bill maturing in 1 year is 7.2%, what is the yield on a 1 year t-bill maturing 1 year from now?
-
Explain the importance of using a flexible budget with variance analysis.
-
Give three possible causes of an adverse direct materials price variance.
-
It was budgeted that to produce 20,000 concrete building blocks in one month would require \(100,000 \mathrm{~kg}\) of material. In the month of May, only 16,000 blocks were produced, using \(80,080...
-
What is the role of the budget committee?
-
How are standard costs used in the control process?
-
Question 3. Company C is a manufacturing company and produces 4 types of products. They are produced in batches. The data about orders are presented below. Products (Order) W X Y Z In company C;...
-
The Heese Restaurant Group manufactures the bags of frozen French fries used at its franchised restaurants. Last week, Heeses purchased and used 101,000 pounds of potatoes at a price of $ 0.70 per...
-
What is the difference between accounts receivable and notes receivable?
-
On January 1, 2018, Doctors Credit Union (DCU) issued 7%, 20-year bonds payable with face value of $200,000. The bonds pay interest on June 30 and December 31. Requirements 1. If the market interest...
-
National Investor Group is opening an office in Portland, Oregon. Fixed monthly costs are office rent ($8,100), depreciation on office furniture ($1,700), utilities ($2,000), special telephone lines...
-
From the following figures, compile accounts receivable ledger and accounts payable ledger control accounts for the month, and ascertain what the net balances of the respective ledgers should be on...
-
Why may some people consider this to be incorrect? That is, why is the fact that the control account is kept in the General Ledger not enough to justify saying that the control account is part of the...
-
The financial year of The Better Trading Company ended on 30 November 2014. You have been asked to prepare a Total Accounts Receivable Account and a Total Accounts Payable Account in order to produce...
Study smarter with the SolutionInn App