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
hichkok12 [17]
3 years ago
6

Qs 20-13 manufacturing: direct materials budget lo p1 miami solar manufactures solar panels for industrial use. the company budg

ets production of 5,000 units (solar panels) in july and 5,300 units in august. each unit requires 3 pounds of direct materials, which cost $6 per pound. the companyâs policy is to maintain direct materials inventory equal to 30% of the next monthâs direct materials requirement. as of june 30, the company has 4,500 pounds of direct materials in inventory, which complies with the policy. prepare a direct materials budget for july.
Business
1 answer:
Helen [10]3 years ago
7 0

Calculation of Direct Material Budget for the month of July:

Budgeted production (Units) for July 5,000

Material required per unit (pounds) 3

Material requirement for July (pounds) = (5000 units * 3 pounds) 15,000

Add: Ending material inventory (5300 units * 3 pounds* 30%) 4,770

Less: Beginning material inventory 4,500

Direct Material Purchase (Pounds) (15000+4770-4500) = 15,270

Cost per pound of Metrial ($) $6.00

Direct Material Purchase ($) (15270 pounds * $6) = $91,620

You might be interested in
Parts and materials for skis made by Company C are supplied by two suppliers. Supplier​ A's materials make up 27​% of what is​ u
neonofarm [45]

Answer:

Supplier B more likely supplied the defective materials.

Explanation:

This exercise is solved in four steps:

1. Statistical events are defined:

A = (provider A)

B = (provider B)

D = defective materials

From the problem statement, 27% of the materials used by Company C are provided by supplier A. Therefore:

P (A) = 0.27.

The remaining 73% is provided by supplier B. Therefore:

P (B) = 0.73.

2. Conditional probabilities are established. In other words, what is the probability that the materials are defective? Remember that the "defect" is the condition that most interests the manager.

According to the example, 22% of materials from supplier A are defective. We can formalize this as follows:

P (D / A) = 0.22

On the other hand, 9% of supplier B materials are defective:

P (D / B) = 0.09

3. It will be determined what is the probability that each supplier has provided defective products by applying Bayes´ theorem.

3.1 The probability of this event will be found for supplier A:

The Bayes´ Theorem for this case is:

P (A / D) = \frac{P(A)  P(D/A)}{P(A) P(D/A) + P(B) P(D/B)}

We replace with the data obtained in the previous points (1 and 2):

P (A/D) = \frac{(0.27)(0.22)}{(0.27)(0.22)+(0.73)(0.09)}

P (A/D)= \frac{0.0594}{0.0594+0.0657}

P (A/D) = \frac{0.0594}{0.1251}

P (A / D) = 0.474

That means that approximately 47.4% of defective materials come from supplier A.

3.2 The probability of this event for provider B will be found.

The Bayes´ Theorem for this case is:

P (B/D) = \frac{P(B) P(D/B)}{P(A) P(D/A) + P(B) P(D/B)}

We replace with the data obtained in the previous points (1 and 2):

P (B/D) = \frac{(0.73)(0.09)}{(0.27)(0.22)+(0.73)(0.09)}

P (B/D)= \frac{0.0657}{0.0594+0.0657}

P (B/D) = \frac{0.0657}{0.1251}

P (B / D) = 0.525

That means that approximately 52.5% of the defective materials come from supplier B.

4. Compare the conditional probabilities.

If we compare P (A / D) and P (B / D), we can see that the largest is P (B / D) (47.4 < 52.5). Therefore, supplier B is more likely to have supplied defective materials.

7 0
3 years ago
Indicate your potential market​
fenix001 [56]
Your potential market includes the demographic groups that are not currently your customers but could become customers in the future.
5 0
3 years ago
Ways to make yourself feel wanted and usefull
aksik [14]
First know your self worth don’t ever settle for less. Relationships aren’t the most important things right now focus on school and get good grades to get into good collages and make a name out of yourself.But if you insist on feeling wanted just be nice to everyone and expand your options even if you just want to be friends as far as being useful just be there for a person and help them to get through their good and bad times
3 0
3 years ago
Mrs. Eller's corporate employer has a cafeteria plan under which its employees can receive a $3,000 year-end Christmas bonus or
Alina [70]

Answer and Explanation:

a. The computation is shown below;

Cash bonus after tax is ($3,000 × (1 - 0.24) $2,280

And, non taxable fringe benefit is $2,300

So here he should use the nontaxable fringe benefit

b. Yes answer would be changed

Cash bonus after tax is ($3,000 × (1 - 0.12) $2,640

And, non taxable fringe benefit is $2,300

hence, the same is to be considered

4 0
3 years ago
Which of the following statements does correctly explain the effect of additional debt on the weighted average cost of capital (
Aleksandr-060686 [28]

Answer: The net effect of additional debt on WACC is uncertain.

Explanation:

Weighted Average Cost of Capital (WACC) refers to the rate of return that a company is paying it's capital providers on average be it debt holders or shareholders.

Adding additional debt to the mix effects the WACC in an uncertain way due to the different ways the WACC could react. For example, adding additional debt decreases the after-tax cost of debt because debt is tax deductible which means that more money can flow to shareholders so that reduces the cost of equity. At the same time however, Additional debt can increase the risk of bankruptcy meaning that the before tax cost of debt rises which also increase the WACC.

The effect can swing either way thereby making it uncertain.

5 0
3 years ago
Other questions:
  • In the workplace, the "open shop" meant
    11·1 answer
  • Trade Discount and Cash Discounts 1. Calculate the net amount to record the invoice, less the 10% trade discount. 2. Calculate t
    6·1 answer
  • The year-end financial statements of Greenway Company contained the following elements and corresponding amounts: Assets = $23,0
    10·1 answer
  • Use the classical IS–LMmodel to analyze the effects of a permanent increase in government purchases of 100 per year (in real ter
    7·1 answer
  • The motive of an intimate homicide is almost always anger/revenge or profit. True or False?
    15·1 answer
  • Carpet Renewal dyes carpets for residential customers. The company is interested in estimating fixed and variable costs. The fol
    7·1 answer
  • On July 8, Compusoft receives $300,000 from a customer toward a cash sale of $1.10 million for customized computer equipment to
    6·1 answer
  • 8. The delta of a call option on a firm's assets is .624. How much will a project valued at $48,000 increase the value of equity
    6·1 answer
  • Explain the "Rule of 9 " as it pertains to marketing.
    14·1 answer
  • Type the correct answer in the box. Spell the word correctly.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!