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Dmitrij [34]
3 years ago
9

Each visor requires a total of $4.00 in direct materials that includes an adjustable closure that the company purchases from a s

upplier at a cost of $2.00 each. Shadee wants to have 33 closures on hand on May 1, 23 closures on May 31, and 21 closures on June 30 and variable manufacturing overhead is $1.75 per unit produced. Suppose that each visor takes 0.90 direct labor hours to produce and Shadee pays its workers $10 per hour. Additional information: Selling costs are expected to be 8 percent of sales. Fixed administrative expenses per month total $1,200. Required: Complete Shadee's budgeted income statement for the months of May and June. (Note: Assume that fixed overhead per unit is $2.00.) (Do not round your intermediate calculations. Round your answers to 2 decimal places.)
Business
1 answer:
Nostrana [21]3 years ago
4 0

Answer:

Check the explanation

Explanation:

                                                                                May                  June

Budgeted sales                                                    10800               14400

                                                                                (600*18)      (800*18)

Less: cost of good sold                                         5970                7960

                                                                             (9.95*600)    (9.95*800)

Gross margin                                                          4830                6440

Less: Operating expenses  

Selling expenses (6%*Sales)                                  648                  864

Fixed administrative expenses                              1200                 1200

Total operating expenses                                      1848                 2064

Budgeted Net Operating Income                          2982                 4376

 

 

Unit product cost  

Material                                                           $4  

Direct labor (9*.3)                                           2.7  

Variable manuafcturing overhead                1.25  

Fixed overhead                                               2  

Unit product cost                                          $9.95  

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Since Margo purchase her optimal consumption bundle, the marginal utility per dollar consumed on dance lessons must be equivalent to the marginal utility per dollar paid on dance shoes. The marginal utility per dollar spent on dance lessons is 100 utils per lesson, where $50 per lesson is equivalent to 2 utils per dollar. The marginal utility per dollar expended on dance shoes therefore has to equal 2 utils per dollar. Since the marginal utility of a pair of dance shoes cost 300 utils per pair, the value of a pair of shoes should be $150 per pair, so that 300 utils per pair/$150 per pair is equal to: 2 utils per dollar.

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3 years ago
On the basis of the research it has gathered on consumer perceptions, the tests it has conducted, and competitive considerations
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Answer:

1) the product launch.

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Since it is a preliminary activity basically analyzing market before launch of product, there are no results therefore there is no evaluation of results.

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On March 1, 2015, Landon Company acquired real estate on which it planned to construct a small office building. The company paid
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Answer:

The amount to be reported as the cost of the land is  $101,000

Explanation:

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Cost of property $7,600

Salvaged materials - $1,700

Attorney's fee for work concerning the land purchase -  $1,100

Real estate broker's fee -  $4,000

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Answer:

number of periods = 8 years.

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Future Value = Present value × (1 + r)^{n}

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