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
kari74 [83]
3 years ago
5

A company has the following annual budget data: Beginning finished goods inventory 53,000units Sales 83,000units Ending finished

goods inventory 43,000units Direct materials$14per unit Direct labor$25per unit Variable factory overhead$6per unit Selling costs$3per unit Fixed factory overhead$93,000 What are total budgeted production costs for the year
Business
1 answer:
Lunna [17]3 years ago
8 0

Answer:

Total budgeted production costs $ 3378,000

Explanation:

Production Units= Ending Units + sales - Beginning Units

Production units=  43000+ 83000-53000= 73000

Direct materials $14per unit *73000= $ 1022,000

Direct labor $25per unit *73000= $ 1825,000

Variable factory overhead $6per unit *73000= $ 438,000

Fixed factory overhead $93,000

Total Manufacturing Costs $ 3378,000

Total Production Costs do not include Selling costs. Production costs include costs required to convert raw material into specific products. Selling costs are related to the sale of a product.

The production costs include the costs of manufacturing , FOH, direct materials and direct labor.

You might be interested in
Mark was recording accounting transactions when he came across a non-standard transaction type. However, based on his knowledge
vlada-n [284]

Answer:

The best answer to the question: This is an example of used a(n):___, would be, A: Conceptual framework to solve new problems.

Explanation:

A conceptual framework is a an analytical method, or technique, that is used in order for the person to be able to see the full picture, and the different variants and factors around it, in an organized manner. Applying this technique will allow a person to discover all the factor within an issue, visualize them and propose viable solutions to them. And this is what Mark did when he came by the non-standard transaction type. He still had to record the transaction, but the usual methods would not work for it. Therefore, Mark made use of his own knowledge and after viewing the problem through the conceptual framework technique, he was able to find a reasonable solution and thus filfill his job.

3 0
3 years ago
Suppose annual inflation rates in the u.s. and mexico are expected to be 6% and 80%, respectively, over the next several years.
jeka94
<span>The answer is $.00102</span>
7 0
3 years ago
"You've been specially selected to win our grand prize. Contact us to collect it!"
Eva8 [605]

Answer:

Scam

Explanation:

not 100% sure, but have a great day!

7 0
3 years ago
Read 2 more answers
For each of the following statements, indicate whether it is true, false, or uncertain and EXPLAIN WHY. a. In the long-run the t
Colt1911 [192]

Answer:

a.

FALSE

<em>The argument above is in part inaccurate. In the long run, the monopoly dominant firms gain no economic profit at the profit generating production as their LRAC= LRAR at. </em>

The firm is not effective economically (productively) though.

A monopolistically dominant firm is not successful effective because it does not achieve the average cost curve at the minimum level. The difference between supply and supply of the equilibrium at the minimum average cost is called overcapacity.

b.

FALSE

The monopolist has the power to make the price to maximize the profit. The monopolist, however, always has to respect demand rule of law. Its AR-curve is a sloping downward curve.

<em>It indicates that if the monopolist decides to increase production, he will have to lower the price. It shows that to increase income, the monopolist can set its price but can not set any price.</em>

c.

FALSE

The shut down point for reasonably competitive firms is Price= AVC.

When the price falls below the average cost of the product, otherwise the business must shut off.

<em>Otherwise, the business must continue to manufacture until the price falls below the average cost of the product. It will still deliver, even if the average income or price is below the average output.</em>

7 0
3 years ago
Read 2 more answers
A project will generate annual cash flows of $237,600 for each of the next three years, and a cash flow of $274,800 during the f
Orlov [11]

The rate of return of the project is 30.36%

Explanation:

Cash flow generated for the first three years= $ 237,600 each of the three year

Cash flow generated for the 4th year= $ 274,800

Initial cost of the project= $ 757,600  

The return rate of the project?

For finding the return rate of the project, we need to find the total cash flow generated by the project for the complete period (i.e. 4 years)

⇒Total cash flow generated= cash flow for 3 years+ cash flow for 4th year

⇒$ (237,600*3) +$ 274,800

⇒$ 987,600

Return from the investment=$ 230,000

⇒Rate of return= (return/total investment) *100

Substituting the values-

⇒(230,000/757,600) *100

⇒30.36%  

The rate of return of the project is 30.36%

6 0
3 years ago
Other questions:
  • A city government is considering two types of​ town-dump sanitary systems. Design A requires an initial outlay of ​$400000 with
    6·1 answer
  • HHH Inc. reported $12,500 of sales and $7,025 of operating costs (including depreciation). The company had $18,750 of investor-s
    6·1 answer
  • Betty operates a beauty salon as a sole proprietorship. Betty also owns and rents an apartment building. This year Betty had the
    12·1 answer
  • Explain the component of general environment ?​
    10·1 answer
  • The following information is available for Ivanhoe Company for the year ended December 31, 2022.
    12·1 answer
  • Factors affecting communication in a an organization
    9·1 answer
  • T or F #2 ASAP<br> One reason for placing a tariff on imports is to increase imports.
    14·1 answer
  • Which of the following would NOT affect your FICO score?
    7·1 answer
  • The profit-maximizing rule leaves room for cases where it is both possible and reasonable for a firm to operate at a loss over t
    12·1 answer
  • A _____ is an individual who accepts a fee to falsely claim ownership to a property.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!