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Nezavi [6.7K]
3 years ago
12

Wisdom Toys has budgeted sales and production over the next quarter as follows: Unit Sales Production September 43,000 44,400 Oc

tober 50,000 52,800 November 64,000 61,200 The company requires that 20% of the next month’s sales in units are on hand at the end of each month. December sales are expected to be 50,000 units. How many video games are in inventory at October 31?
Business
1 answer:
baherus [9]3 years ago
7 0

Answer:

$12,800

Explanation:

This can be calculated as follows:

November sales in unit = 64,000

Since Wisdom Toys requires that 20% of the next month’s sales in units are on hand at the end of each month, we have:

Number of video games in inventory at October 31 = November sales in unit * 20% = 64,000 * 20% = 12,800

Therefore, 12,800 video games in inventory at October 31.

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For each of the following businesses. what is the likely fixed factor of production that defines the short run?a. Golf courseb. M
erastova [34]

Explanation:

In the short run, there must be at least one fixed factor of production.

Fixed factor of production: refers to the idea of when the quantity of a factor of production can't be changed over a fixed time period.

Total fixed cost stays the same whether the production increases or decreases.

Example:

The fixed factor of production in case of a dentist are; office rent and some of the dental equipment.

Capital cost is usually the most common fixed factor of production in the short run. Other common fixed factors of production include; rent, insurance, utility bills, and certain salaries

a. Golf course

Capital cost of land, golf carts, golf equipment costs are most likely to be fixed factors of production.

b. Movie theater

Rental, Insurance, and utility bills costs are most likely to be fixed factors of production, whereas ticket sales, popcorn and soft drinks sales depend upon the number of customers hence they are variable factors of production.

c. Law office

Office rent, utility bills, certain staff salary costs are most likely to be fixed factors of production.

d. Brewery

Capital cost of land, brewing equipment costs are most likely to be fixed factors of production.

e. Amusement park

Capital cost of land, rides, infrastructure etc costs are most likely to be fixed factors of production.

8 0
2 years ago
Bonnie Austin, age 30, used to work part time in a local restaurant. This year she quit her job to take care of her five-month-o
sergiy2304 [10]

Answer:

The survey conducted by the Bureau of Labor Statistics today will count Bonnie as not in the labor force .

Explanation:

" not in the labor force " -

The people who are not employed and even are not unemployed are called the " not in the labor force " .

The people who are present in this category are the -

  • retired peoples ,
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Hence , according to the survey , Bonnie is under the category of " not in the labor force " .

3 0
3 years ago
Rally Quadcopters plans to sell a standard quadcopter (toy drone) for $45 and a deluxe quadcopter for $65. Rally purchases the s
Andrew [12]

Answer:

Rally must sell 1,080 units of Standard and 720 units of Deluxe

Explanation:

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Sales price per unit                      $45                $65

Less: Variable cost                      ($35)              ($45)

Contribution Margin per  unit       $10                $20

Sales Mix units  (A)                        $3                  $2                $5

Contribution margin                      $30                $40             $70

Weighted average Contribution                                              $14    

per unit C= B/A

Appointment of fixed cost between standard and deluxe

Total Fixed cost = 14,700

Break even point = Fixed cost / Weighted average Contribution  per unit

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Apportionment of Break even point sales between Standard and deluxe in sales mix ratio (3:2)

Standard = 1,050 * 3/5 = 630

Deluxe = 1,050 * 2/3 = 420

Unit to be sold to get desired profit = Fixed cost + Desired profit / Weighted average Contribution per unit

= (14,700 + 10,500) / 14

= 1,800

Apportionment of Units to be sold to get desired profit between Standard and Deluxe in sales mix ratio (3:2)

Standard = 1,800 * 3/5 = 1,080

Deluxe = 1,800 * 2/5 = 720

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