1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Oduvanchick [21]
2 years ago
6

Calculate the ending inventory of chemicals in gallons for December of the prior year, and for January and February. What is the

beginning inventory of chemicals for January? Round your answers to the nearest whole gallon.
Business
1 answer:
Annette [7]2 years ago
8 0

The ending inventories of chemicals for each month are 36,135, 33,825 and 41,456 gallons. Also, the beginning inventory for January is 36,135 gallons.

<h3>The table for planned production.</h3>

In order to calculate the ending inventory of chemicals for the three months, we would create a table for planned production as follows:

<u>                                                 January         February          March___</u>

Units to be produced               43,800          41,000             50,250

<u>Direct materials per unit             5.5                5.5                    5.5 ___</u>

Total direct materials               240,900        225,500          276,375

Since the company's policy requires ending inventories of raw materials for each month to be 15% of the next month's production needs, we have:

December = 15/100 × 240,900 = 36,135 gallons.

January = 15/100 × 225,500 = 33,825 gallons.

February = 15/100 × 276,375 = 41,456 gallons.

March = Nil.

Also, the beginning inventory of chemicals for January is given by December's ending inventory of 36,135 gallons.

Read more on ending inventory here: brainly.com/question/25947903

#SPJ1

<u>Complete Question:</u>

Patrick Inc. makes industrial solvents sold in 5-gallon drum containers. Planned production in units for the first 3 months of the coming year is:

January 43,800

February 41,000

March 50,250

Each drum requires 5.5 gallons of chemicals and one plastic drum container. Company policy requires that ending inventories of raw materials for each month be 15% of the next month's production needs. That policy was met for the ending inventory of December in the prior year. The cost of one gallon of chemicals is $2.00. The cost of one drum is $1.60. Calculate the ending inventory of chemicals in gallons for December of the prior year, and for January and February. What is the beginning inventory of chemicals for January?

You might be interested in
The penalty for illegally using copyrighted work depends on the nature of the copyright infringement. How will the offender pay
Nesterboy [21]

Answer:

The offender will have to pay attorney fees or have the illegal work confiscated or even go to jail

Explanation:

Copy right infringement means illegal usage of copyrighted works without the owner's express permission. It is a violation of owner's intellectual property or right.

Copywrited works may include films, paintings, novels or creative display of ideas. A particular film for instance may receive protection in copyright law whereby no one can reproduce the film due to the copyright law.

Copywrite holders have sole right to their works which usually lasts throughout their life time and can either be distributed, reproduced or even be displayed publicly.Although there may be permission or licensing from the owner to another party to reproduce his works.

With regards to the above, offenders who infringe on copyright materials will have to pay attorney fees or have the illegal work confiscated or even go to jail.

8 0
3 years ago
On March 1, 2017, Westmorlan Company acquired real estate on which it planned to construct a small office building. The company
OleMash [197]

Answer:1. Cost on warehouse of

$8600

Answer. Debit cost of land

2. Sales of salvage materials of $1700

Answer. Credit cost of land

3. Attorney fee of $1100

Answer Debit cost of land

4.Broker fee of $5000

Answer. Debit cost of land

5. Architect fee $7800

Answer. Debit cost of land

6. Driveway and parking lot

Answer. Debit cost of land.

Explanation:

The cost of property includes the price of purchase and other related tax e.g vat paid on the property, plants or equipment.

The cost of the asset further includes all cost spent to bring it to the desired state of use while subtracting all income earned in the process and this necessitate the treatment of the cost of raising warehouse and salvage materials.

Included in the cost of the asset acquired are the professional fees incurred like the Architecture, Attorney etc. Furthermore the cost included the driveway and parking lots for they are also necessary to make it usable.

5 0
3 years ago
A portfolio is invested 16 percent in Stock G, 56 percent in Stock J, and 28 percent in Stock K. The expected returns on these s
3241004551 [841]

Answer:

16.16%

Explanation:

The formula to compute the expected rate of return is shown below: -

Expected rate of return = (Weightage of Stock G × Expected Returns G) + (Weightage of Stock J × Expected Returns J) + (Weightage of Stock K × Expected Returns K)

= (16% × 10%) + (56% × 16%) + (28% × 20%)

= (0.16 × 0.1) + (0.56 × 0.16) + (0.28 × 0.20)

= 0.016 + 0.0896 + 0.056

= 0.1616

= 16.16%

4 0
3 years ago
Ted was hiring a new financial analyst, and he had several good candidates. He was leaning toward hiring Akiko, a Japanese Ameri
wlad13 [49]

Answer:

The answer is D. Stereotyping

Explanation:

Stereotyping is the tendency to attribute to an individual the characteristics one believes are typical of the group to which that individual belongs. It is the over generalized belief about a particular set of people.  

Hence Ted is  said to be a stereotype because he is generalizing that Asians are better in math

Therefore the answer is D. Stereotyping  

3 0
3 years ago
QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the ave
Goshia [24]

Answer:

352,000

Explanation:

add up all the numbers, then you divide by 3

6 0
3 years ago
Other questions:
  • An effect of transportation improvements on settlements was that
    7·2 answers
  • At www.daveramsey’s Financial Peace University (FPU), Dave recommends Seven Baby Steps. One of these steps is “Pay off debt usin
    15·1 answer
  • Select two ways of becoming a business owner. compare the advantages and disadvantages and decide which of the two you would pre
    5·2 answers
  • SBD Phone Company sells its waterproof phone case for $108 per unit. Fixed costs total $227,000, and variable costs are $48 per
    11·1 answer
  • To generate higher profit margins, producers must work to
    11·2 answers
  • Benjamin and Amelia Hopkins have been married since 2016.
    15·1 answer
  • The quantity of money demanded rises (that is, there is a movement along the money demand curve) when:
    6·1 answer
  • True or false: Firms should obey all the laws, including but not limited to labor, consumer protection, and the environment. Tru
    5·2 answers
  • Please identify a firm using the various variables used in SCM and OHS&amp;S as per legal requirements.​
    11·1 answer
  • suppose that the publisher of this textbook sets the price of the textbook to $90, and the current resale value is $60. at this
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!