QuestionWith explanation 1. Which of the following items is regarded as a…With explanation1. Which of the following items is regarded as a cash flow from operating activities?Cash dividends paidProceeds from sale of equipment Which resulted to a gainProceeds from sale of equipment Which resulted to a lossInterest paid on long-term debt2. Company H acquired an equipment on June 1, 2020 amounting to $35,000 with an estimated useful life of 5 years. What would be the reported carrying value of the equipment on December 31, 2021 if the residual value at the end of 5 years is $5,000?$25,500$32,000$29,000$26,0003. When the contribution margin per unit increases assuming all other factors remain constant. The effect would beAn increase in sales priceA decrease in fixed costAn increase in break-even point in unitsA decrease in break-even point in units4. Company C produced 10,000 units of Product C-123 for the month of October 200A. The prime cost for the month is $50,000, the direct labor is $15,000, and the manufacturing overhead cost is $10,000. Company C sold 8,000 units in October for $10 per unit. Also, there were no ending inventories for the month of September 200A. How much is the total cost of goods sold for the month of October 200A?$80,000$60,000$52,000$48,0005. Company R uses a process costing system. The weighted average method is used in the computation of equivalent units of production. On June 1, 2020, the work-in process inventory consists of 10,000 units Which were 50% completed as to conversion cost. Units transferred-in during the month of June were 35,000. The ending work-in process of 8,000 units was 25% completed as to conversion cost. What is the EUP for conversion cost for the month of June?39,000 units34,000 units37,000 units35,000 units6. The total direct labor variance of Company J for the month of October 2020 is $500 unfavorable. The direct labor efficiency variance is $800 favorable. How much is the standard direct labor rate per hour if the actual direct labor cost is $10,000 for 1,000 hours?$11.30$10.00$9.50$8.707. X Company estimates that 2% of its sales on account for the year ended December 31, 200A will be uncollectible. If the total sales is $4,500,000 and 20% is cash sales, the adjusting entry for the December 31, 200A will includeAccounts Receivable $90,000Allowance for Bad Debts $ 72,000Bad Debts Expense $ 18,000An adjusting entry is not necessary8. Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as outstanding accounts receivable if Company Z has a total sale of $1,800,000 of Which $200,000 are cash sales and the beginning and ending accounts receivable balances are $30,000 and $50,000, respectively.11.40 days9.13 days6.84 days8.11 days9. Company S purchased 1,000 units raw materials amounting to $5,000 and used $4,500 worth for the production during the current month. The standard price for these raw materials is $5.2 per unit. How much is the materials price variance for the current month if Company S analyzes the variance at the point of purchase?$200 favorable$200 unfavorable$700 favorable$700 unfavorable10. The sole proprietors p business of Individual M purchased a mac nery amounting to $30,000. The mac nery is expected to be useful for a period of 4 years and have a residual value of $5,000. Individual M uses the double-declining method in depreciating their fixed assets. How much would be the depreciation expense for year 3?$3,750.00$2,500.00$7,500.00$1,250.001. Which of the following items is regarded as a cash flow from operating activities?Cash dividends paidProceeds from sale of equipment Which resulted to a gainProceeds from sale of equipment Which resulted to a lossInterest paid on long-term debt2. Company H acquired an equipment on June 1, 2020 amounting to $35,000 with an estimated useful life of 5 years. What would be the reported carrying value of the equipment on December 31, 2021 if the residual value at the end of 5 years is $5,000?$25,500$32,000$29,000$26,0003. When the contribution margin per unit increases assuming all other factors remain constant. The effect would beAn increase in sales priceA decrease in fixed costAn increase in break-even point in unitsA decrease in break-even point in units4. Company C produced 10,000 units of Product C-123 for the month of October 200A. The prime cost for the month is $50,000, the direct labor is $15,000, and the manufacturing overhead cost is $10,000. Company C sold 8,000 units in October for $10 per unit. Also, there were no ending inventories for the month of September 200A. How much is the total cost of goods sold for the month of October 200A?$80,000$60,000$52,000$48,0005. Company R uses a process costing system. The weighted average method is used in the computation of equivalent units of production. On June 1, 2020, the work-in process inventory consists of 10,000 units Which were 50% completed as to conversion cost. Units transferred-in during the month of June were 35,000. The ending work-in process of 8,000 units was 25% completed as to conversion cost. What is the EUP for conversion cost for the month of June?39,000 units34,000 units37,000 units35,000 units6. The total direct labor variance of Company J for the month of October 2020 is $500 unfavorable. The direct labor efficiency variance is $800 favorable. How much is the standard direct labor rate per hour if the actual direct labor cost is $10,000 for 1,000 hours?$11.30$10.00$9.50$8.707. X Company estimates that 2% of its sales on account for the year ended December 31, 200A will be uncollectible. If the total sales is $4,500,000 and 20% is cash sales, the adjusting entry for the December 31, 200A will includeAccounts Receivable $90,000Allowance for Bad Debts $ 72,000Bad Debts Expense $ 18,000An adjusting entry is not necessary8. Assuming a 365-day year, how long (in average days) does the collectibles from customers stay as outstanding accounts receivable if Company Z has a total sale of $1,800,000 of Which $200,000 are cash sales and the beginning and ending accounts receivable balances are $30,000 and $50,000, respectively.11.40 days9.13 days6.84 days8.11 days9. Company S purchased 1,000 units raw materials amounting to $5,000 and used $4,500 worth for the production during the current month. The standard price for these raw materials is $5.2 per unit. How much is the materials price variance for the current month if Company S analyzes the variance at the point of purchase?$200 favorable$200 unfavorable$700 favorable$700 unfavorable10. The sole proprietors p business of Individual M purchased a mac nery amounting to $30,000. The mac nery is expected to be useful for a period of 4 years and have a residual value of $5,000. Individual M uses the double-declining method in depreciating their fixed assets. How much would be the depreciation expense for year 3?$3,750.00$2,500.00$7,500.00$1,250.00MathLogicShare Question