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LuckyWell [14K]
3 years ago
7

is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile requires 44 p

ounds of clay mix and a quarter hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Thanos has 3,900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month
Business
1 answer:
Ray Of Light [21]3 years ago
3 0

Answer:

$38,880

Explanation:

The calculation of direct material to be  purchased is shown below:-

Direct materials to be purchased = (Budgeted Production × Number of raw material per unit) + Ending inventory - Beginning inventory

Direct materials to be purchased = (870 × 44) + 4,500 - 3,900

= $38,280 + 4,500 - 3,900

= $38,880

So, for calculating the direct material to be  purchased we simply applied the above formula.

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If our fixed expenses are $20,000, and sales are $550,000, and our unit selling price is $55, and our unit variable expense is $
natka813 [3]
Profit = Sales - Expenses 
<span>Expenses = Fixed + Variable </span>
<span>No. of units sold = $550,000 / 55 = 10,000 </span>
<span>Variable expenses = $44 x 10,000 = $440,000 </span>
<span>Expenses = 20,000 + 440,000 = $ 460,000 </span>
<span>So, profit = 550,000 - 460,000 = $ 90,000.</span>
4 0
3 years ago
The following scenarios refer to two analysts who are employed at Global Securities, a large brokerage firm.
slega [8]

Answer:

The correct option is B)  

Explanation:

According to the CFA Institute, when there is a clash between personal interests and official duties, then there is a conflict of interest.

Standard 4 requires that members and candidates of CFA must disclose any potential clash between personal interest and those of their clients and employers etc.

This rule serves to shield employers from any unknown variance of interest that has the potential to result in unethical decisions.

When a family or friend is involved, the potential for conflicting interest may arise and should be reported.

Cheers!

6 0
3 years ago
Western​, Inc. is a technology consulting firm focused on Web site development and integration of Internet business applications
frosja888 [35]

Answer:

Estimated manufacturing overhead rate= $160 per direct labor hour

Explanation:

Giving the following information:

Estimated overhead= $640,000

Estimated direct labor hours= 4,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 640,000/4,000

Estimated manufacturing overhead rate= $160 per direct labor hour

8 0
3 years ago
Which of the following descriptions are not correct for a push system? (1). There is no clear visibility between processes (2).
ohaa [14]

Answer:

The correct answer is (2)The workers on shop floor lack the autonomy to stop the manufacturing on their own initiative.

Explanation:

The company operates on a push system, where products are made and inventory built up based on best-guess forecasts.

The push system of inventory control involves forecasting inventory needs to meet customer demand. Companies must predict which products customers will purchase along with determining what quantity of goods will be purchased.

So,  from the given options, the correct answer is (2)The workers on shop floor lack the autonomy to stop the manufacturing on their own initiative

8 0
3 years ago
If the consumption function is defined as C = 5,500 + 0.9Y, what is the
Nimfa-mama [501]

Answer:

Option B ($5,500) is the appropriate choice.

Explanation:

The given expression is:

⇒  C = 5,500 + 0.9Y

At the zero (0) level of income, the consumption would be the Autonomous consumption.

then,

Y = 0

On substituting the value of "Y" in the given expression, we get

⇒  C=5,500+0.9(0)

⇒      =5,500+0

⇒      =5,500 (%)

8 0
3 years ago
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