Stillwater designs rebuilds defective units of its s12l7 kicker speaker model. during the year, stillwater rebuilt 7,500 units. materials and labor standards for performing the repairs are as follows:

direct materials {1 recon kit @ $150 $150.00

direct materials {1 cabinet @ $50} 50.00

direct labor {5 hours @ $12 60.00

1. compute the standard hours allowed for a volume of 7,500 rebuilt units.

2. compute the standard number of kits and cabinets allowed for a volume of 7,500 rebuilt units.

3. suppose the during the first month of the year, 3,750 standard hours were allowed for the units rebuilt. how many units were rebuilt during thenfirst month?

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale. required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse. b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this. c. explain the difference between sale of receivables with recourse as oppose to without recourse.