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Bezzdna [24]
3 years ago
10

The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and

Administrative Expense Budget for next year. The following budget data are available: Monthly Fixed Cost Variable Cost Per Deb Sold Sales commissions $ 0.95 Shipping $ 1.45 Advertising $ 50,500 $ 0.25 Executive salaries $ 60,500 Depreciation on office equipment $ 20,500 Other $ 40,500 All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 15,500 Debs in February, then the total budgeted fixed selling and administrative expenses for February is:
Business
1 answer:
Svetradugi [14.3K]3 years ago
5 0

Answer: $172,000

Explanation:

Its a little bit of a trick question throwing in the Debs that they want to sell for the month.

That figure is irrelevant because we are dealing with fixed costs so the company will still incur them regardless of what they sell.

The components of total budgeted fixed selling and administrative expenses are,

Advertising

Executive Salaries

Depreciation on office equipment and,

Others

Those are the only figures that should concern you. Adding them up would give us,

= 50,500 + 60,500 + 20,500 + 40,500

= $172,000

The total budgeted fixed selling and administrative expenses for February is $172,000

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The following information is available for Department X for the month of August: Work in process, August 1:
Brilliant_brown [7]

Answer:

a. $8.00

Explanation:

The approach we will use to calculate cost per equivalent unit for conversion using weighted average method consists of the following stages:

1st stage: Add beginning (i.e start of August) conversion cost  with conversion costs incurred during August to get total conversion cost

2nd stage: Then divide total conversion cost upon equivalent units of production (units of production for conversion =5300).

Now, lets compute.

Total conversion cost = $15900+$26500

TCC=$42400

Cost per equivalent unit for conversion= $42400÷5300

CPEUC= $8

7 0
2 years ago
Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per m
lora16 [44]
Since you gave no table,

her federal income in 14 % Rate = 14 % x 2,100
                                                         = $ 294

Her federal tax in 16 % Rate = 16 % x 2,100
                                                 =  $ 336
4 0
3 years ago
Read 2 more answers
Before starting a business, an entrepreneur should consider the following sacrifices: a. Professional b. Financial c. Personal d
andrey2020 [161]

Answer:

D. All of these are correct

Explanation:

Because truly before starting a business, an entrepreneur should consider the professional sacrifices as competence and expertise is a key factor in building an excellent business. Entrepreneurs need to have the know-how of their business or better still get able hands to handle it for them.

Setting up a Business would require some financial commitment. One which many atimes might not be convenient especially at the kick-off of the business. It's would a season of continuous investment not necessarily a season for profit making.

Personal sacrifice would be heavily needed and hence must be considered. Before starting a business, you must consider the sleepless nights, forgone comfort, play time and certain discipline you must imbibe if growing the business is indeed what is desire.

8 0
3 years ago
Prepare the issuer's journal entry for each of the following separate transactions.
jeka57 [31]

Answer:

a.

March 1

Debit  : Cash $318,500

Credit : Common Stock $198,000

Credit : Excess of Par $120,500

<em>Being Issue of Par value Shares for $318,500 cash</em>

b.

April 1

Debit  : Cash $84,000

Credit : Common Stock $84,000

<em>Being Issue of no Par value shares for $84,000 cash</em>

c.

April 6

Debit  : Inventory $53,000

Debit : Note Receivable $103,000

Credit : Common Stock $68,000

Credit : Excess of Par $88,000

<em>Being Issue of Par value Shares for Inventory and Note Receivable</em>

Explanation:

Note: We are instructed to prepare journals from the issuer`s point of view and this needs to be followed.

When shares are issued, the Common Stock increases :

a. For par value Common Stocks, any price paid in excess of par value is accounted in Excess of Par Reserve.

b. For no par value shares, there is no Excess of Par Reserve, we simply record the increase in Common Stock at the price paid for.

3 0
3 years ago
Walker Company prepares monthly budgets. The current budget plans for a September ending merchandise inventory of 27,000 units.
Irina-Kira [14]

Answer:

------- JULY AUGUST. SEPTEMBER

Sales 210,000. 300,000 270,000

Ending. 45,000. 40,500. 27,000

total

required. 255,000. 340,500. 297,000

Beginning (31,500) (45,000) (40,500)

purchase 223,500. 295,500. 256,500

Explanation:

the ending would be next month sales times 15%

July ending

August sales x 15%

300,000 x 15% = 45,000

August Ending

September sales x 15%

270,000 x 15% = 40,500

September Ending

October sales x 15%

180,000 x 15% = 27,000

we will add the sales and the desired ending to get the total required for each month

last step we subtract the beginning inventory for each month, as those units are already there and don't need to purchased.

the ending of one month will be the beginning of the next month.

July ending is August beginning

August ending is September beginning

6 0
3 years ago
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