Robin's Nest Had Net Credit Sales for the Current Period

question 14

Multiple Choice

Robin's Nest had net credit sales for the current period of $580,000 and average net receivables were $45,000.What is Robin's Nest's average daily sales? (Use a 365-day year for your calculations.Round your final answer to the nearest dollar. )

• A)$13
• B)$28
• C)$123
• D)$1,589

---

Definitions:

Predetermined Overhead Rate

An estimated rate used to allocate overhead costs to products or services, based on a chosen activity base.

Automated Shaper

A machine tool controlled by computers, designed for shaping materials such as metals or wood.

Unused Capacity

The portion of a company's production capability that is not currently being utilized for production.

Job-Order Costing

An accounting methodology that tracks costs individually for each job, rather than on a department or factory-wide basis.