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Marizza181 [45]
3 years ago
8

A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 72000 units on hand, t

he sales department budgeted sales of 220000 units in June, and the company desires to have 40000 units on hand on June 30. "The budgeted cost of goods sold" for June would be
Business
1 answer:
Lyrx [107]3 years ago
4 0

Answer:

"The budgeted cost of goods sold" for June would be $5,640,000

Explanation:

Sales department budget for June = 220,000  units

Less-Opening balance as on 1st June = 72,000  units

Add-Closing balance as on 30th June = 40,000  units

No of unit manufactured = Sales department budget for June  - Opening balance as on 1st June + Closing balance as on 30th June

= 220,000 - 72,000 + 40,000

= 188,000  units

Cost per unit = $30

Budgeted cost of manufactured = 188,000 × $30 = $5,640,000

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The Red Bud Co. pays a constant dividend of $2.00 a share. The company announced today that it will continue to do this for anot
kiruha [24]

Answer:

<u>Share of this stock worth today if the required rate of return is 7.6 percent is $3.59</u>

Explanation:

stock worth today = 2/1.076 + 2/1.076^2

stock worth today = $ 3.59

4 0
3 years ago
Nirav just opened a savings account paying 2 percent interest, compounded annually. After four years, the savings account will b
nlexa [21]

Nirav recently opened a savings account offering 2% annual compound interest, this means that Nirav will earn the same amount of interest each year for four years.

<h3>What is a saving account?</h3>

An account at a retail bank is formally called as a savings account. This is a type of account that person granted a person that his money is safe in a particular bank. Refer to the image below for the complete question.

The given case tells about that <u>what would be the impact</u> of savings account offering 2% annual compound interest on Nirav, then he will earn the same amount of interest compounded each year for four years.

Learn more about the interest, refer to:

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3 0
2 years ago
The demand schedule for a good Group of answer choices
goldenfox [79]

Answer:

2. indicates the quantities of the good that people will buy at various prices.

Explanation:

Demand refers to an individual's willingness to buy a product in consideration for a price.

The law of demand states that more of a good is demanded at a lesser price and vice versa. When price of a good changes with other factors affecting demand remaining constant, the quantity demanded for that good changes which is termed as movement along the demand curve.

A demand schedule for a good represents the tabular relationship which shows the quantity demanded by customers at different price levels.

A demand schedule when represented graphically creates a downward sloping demand curve depicting inverse relationship between price of a good and it's quantity demanded.

3 0
3 years ago
EA12.
amm1812

Answer:

The Journal entries are as follows:

(i) Manufacturing Overheads Account Dr. $900

To Accumulated Depreciation                             $300

To Cash account                                                   $100

To Utilities payable                                                $500

(To record the expenses incurred)

(ii) Work in process inventory A/c ($1.50 × 450) Dr. $675

To Manufacturing Overhead                                               $675

(To record the allocation of overhead at the predetermined rate of $1.50 per machine hour)

8 0
3 years ago
Following an active duty period of 45 days, when must an employee return to work or apply for reemployment?.
barxatty [35]

If your service lasts 31 to 180 days, you must return to work within 14 days of returning from completing your service requirements.

For deployments lasting more than 180 days, you must apply for re-employment within 90 days of the end of your service.

<h3>What is reemployment in central government?</h3>

Persons reemployed after resignation removal or dismissal provided they have not received any retirement terminal benefits for the pre-empolyed service .

Persons reemployed in posts the expenditure of which is not debitable to the civil estimates of the Union Government .

<h3>What reemployment means?</h3>

The act or an instance of employing or being employed again.

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5 0
2 years ago
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