Can anyone help me with this?

Alliance Company’s budgets production of 24,000 units in January and 28,000 units in the February. Each finished unit requires 4

anyanavicka [17]

Answer:

Budgeted material cost for January is $ 256,000

Explanation:

Computations

Raw materials requirement for January

Units to be produced in January 24,000 units

Raw material requirement for January at 4 pounds per unit 96,000 pounds

Raw materials requirement for February

Units to be produced in February 28,000 units

Raw material requirement for February at 4 pounds per unit 112,000 pounds

40 % of requirement of February to be available end January 44,800 pounds

Purchases for January

Closing Inventory+ Consumption -Opening Inventory

44,800 pounds + 96,000 pounds - 38,400 pounds = 102,400 pounds

Cost per pound $ 2,50 per pound = $ 256,000

4 0

3 years ago

Lance, Art, and Wayne have joined together to open a law practice but are struggling to manage their cash flow. They haven’t yet

mixas84 [53]

Answer:

This is very simple, they should start billing their clients right away.

You don't have to bill your clients for the full legal expenses, but they for sure need to start making some money.

It is very normal that new businesses don't get enough revenue to cover their operation expenses right away. Even for big corporations, like Amazon and FB, it may take years to reach the break even point.

When you open a business you have to keep some money as reserve to cover some expenses for at least a few months.

6 0

3 years ago

Jacob Corcoran bought 10,000 shares of Grebe Corporation stock two years ago for $24,000. Last year, Jacob received a nontaxable

dezoksy [38]

Answer:

Jacob purchased 10000 shares form Grebe corporation two years ago for $24000

last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation

In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000

The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share

profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year

Explanation:

Jacob purchased 10000 shares form Grebe corporation two years ago for $24000

last year Jacob received a non taxable stock dividend of 2000 shares from Grebe corporation

In the current year tax year Jacob sold all stock received as dividend that's 2000 shares for $18000

The gain of the sale of 2000 shares can be calculated by subtracting the basis in the shares from the cost price. the cost of shares = ( $24000 / 12000 ) = $2 per share

profit made from the sales of 2000 shares is calculated as follows ; selling price ( $18000 ) - cost price of 2000 shares ( $2 * 2000) , the profit is $14000 and it is in the long term because the original shares bought has been held for at least 1 year

8 0

3 years ago

What was the opening price of Coca-Cola on Jan 1, 1962?

agasfer [191]

Answer:

I'm not 100 %sure but but I think 49 cents

3 0

3 years ago

Read 2 more answers

True or false: you should only create a slide presentation if you know that you will be presenting in a smart room.

siniylev [52]

The answer C i think hope this help