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zheka24 [161]
2 years ago
13

Flexible Budgeting At the beginning of the period, the Fabricating Department budgeted direct labor of $72,000 and equipment dep

reciation of $18,500 for 2,400 hours of production. The department actually completed 2,350 hours of production. Determine the budget for the department, assuming that it uses flexible budgeting.
Business
1 answer:
agasfer [191]2 years ago
5 0

The budget for the department is $89,000.

A flexible budget is a finance that adjusts to the interest or quantity levels of a company. Unlike a static price range, which does not exchange from the amounts installed whilst the budget turned into created, a flexible budget continuously "flexes" with an enterprise's variations in expenses.

Flexible finances will include strains for one-of-a-kind quantities. As instance, if your manufacturing of widgets is a hundred steps per month, your variable admin prices can be $2 hundred per month. however, if your production of widgets is 2 hundred in line with the month, your variable admin expenses would boom to $400.

A flexible price range is one based on distinctive volumes of sales. A bendy price range flexes the static budget for every predicted level of manufacturing. This adaptability lets in control to estimate what the budgeted numbers might seem like at diverse levels of income.

Learn more about the budget here brainly.com/question/13964173

#SPJ4

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The father of modern russia taxed wearers of these in 1705. only orthodox clergy were exempt from the tax. what was being taxed?
8_murik_8 [283]
<span>The father of modern Russia taxed wearers of these in 1705. Only orthodox clergy were exempt from the tax. what was being taxed? 

Their BEARD was being taxed. 

Peter the Great wanted to follow European men in not wearing beards in order to "modernize" Russia. He imposed taxes on Russian men who opted to keep their beards rather than be clean shaven. </span>
7 0
3 years ago
Tasty Treat Tea is a popular iced tea drink. When the manufacturer begins to use imported tea leaves, the price rises and consum
OverLord2011 [107]
The scenario you described suggests that the Law of Demand is correct.

Increase in price will always lead to loss of demand, while replacements for that product will grow in demand.
4 0
3 years ago
The Artisan Cheese Company in Florida has decided to add a new line of imported cheeses to its offering. The company president (
KonstantinChe [14]

Answer:

Cheeses from England.

Explanation:

First, let us define what Marketing Mix is:

  • This refers to the number of strategies a company employs to promote its goods and services in the market. The four Ps of the marketing mix include Product, Price, Place and Promotion.

The goal of a marketing strategy is to create awareness among the target audience.

Feedback and surveys are ways in which a company informs its marketing mix strategy. Therefore, if it has been determined from the customer feedback from company surveys and cheese tasting that the Product the customers prefer is Cheese from England, then that is what should be produced and promoted.

It cannot be over emphasized that companies are in business because of the customers, so their opinion takes precedence, as the saying goes, customer is always right. Therefore, if the need of the customer is not met, the company will make no profits.

The company president and product director will have to do what the customer wants.

4 0
3 years ago
Dexter Industries purchased packaging equipment on January 8 for $116,600. The equipment was expected to have a useful life of t
Luden [163]

Answer:

  • Straight-line method: $36,667 yearly depreciation expense for 3 years.
  • Unit-of-production method: Year 1 - $47,850, Year 2 -  $40,590, Year 3 - $21,560
  • Double-declining method: Year 1 - $77,737, Year 2 -  $25,910, Year 3 - $6,353

Total for 3 years is $110,000 for all the depreciation methods.

Explanation:

(A) Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($116,600 - $6,600) / 3 years = $36,667 yearly depreciation expense.

Accumulated depreciation for 3 years is $36,667 x 3 years is $110,000.

(B) The unit-of-production method is used when the asset value closely relates to the units of output it is able to produce. It is expressed with the formula below:

(Original Cost - Salvage value) / Estimated production capacity x Units/year

At Year 1, depreciation expense (DE) is: ($116,600 - $6,600) / 20,000 operating hours x 8,700 hours = $47,850

At Year 2, depreciation expense (DE) is: ($116,600 - $6,600) / 20,000 operating hours x 7,380 hours = $40,590

At Year 3, depreciation expense (DE) is: ($116,600 - $6,600) / 20,000 operating hours x 3,920 hours = $21,560

Accumulated depreciation for 3 years is $47,850 +$40,590 + $21,560 = $110,000.

Note that this depreciation method results in higher depreciation charge when the asset is heavily used, at this time, it was in Year 1.

(C) The double-declining method is otherwise known as the reducing balance method and is given by the formula below:

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/3 years = 33.33%, then 33.33% multiplied by 2 to give 66.67% or 2/3

At Year 1, 66.67% X $116,600 = $77,737

At Year 2, 66.67% X $38,863 ($116,600 -  $77,737) = $25,910

At Year 3, 66.67% X $12,953 ($38,863 -  $25,910) = $8,636. This depreciation will decrease the book value of the asset below its salvage value $12,953 - $8,636 = $4,317 < $6,600. Depreciation will only be allowed up to the point where the book value = salvage value. Consequently the depreciation for Year 3 will be $6,353.

Accumulated depreciation for 3 years is $77,737 + $25,910 + $6,353 = $110,000.

6 0
3 years ago
If the minority price for a single share of stock of a company is $20, if there are 500 thousand shares of stock, and a person o
KATRIN_1 [288]

Answer:

$4,500,000

Explanation:

current market price per stock $20

total stocks outstanding 500,000

corporation's total value = 500,000 x $20 = $10,000,000

investor's offer to purchase 100% at $14,500,000

controlling interest premium = $14,500,000 - $10,000,000 = $4,500,000

new price per stock = $14,500,000 / 500,000 = $29

The controlling interest premium equals the difference between the current market price of the stock and the purchase offer.

8 0
3 years ago
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