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NARA [144]
3 years ago
9

Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re

quires 44 pounds of clay mix and a quarter hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $12.00 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Teller has 3,900 pounds of clay mix in beginning inventory and wants to have 4,500 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? g
Business
1 answer:
BartSMP [9]3 years ago
7 0

Answer:

38880

Explanation:

Budgeted sales -870 boxes

Each box requires 44 pounds of clay

Opening inventory of clay = 3900 pounds

Closing inventory of clay = 4500 pounds

Clay mix cost - $0.40

Labor rate = $12/hr

Monthly purchase = budgeted sales  + closing inventory - opening inventory

(870*44) + 3900 - 4500

38280 +4500 - 3900 = 38,880

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2019 2018 2017 2016 2015 Sales $ 512,623 $ 332,872 $ 260,056 $ 191,218 $ 142,700 Cost of goods sold 253,785 164,657 130,427 95,5
Lelu [443]

Answer:

Please find the complete solution in the attached file.

Explanation:

4 0
2 years ago
Cycles de Oro produces 120,000 high-tek bikes a year and orders the brake assembly from IKON for $15.40 each. The order cost is
Ket [755]

Answer:

$3,412

Explanation:

The computation of the economic order quantity is shown below:

= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}

= \sqrt{\frac{2\times \text{120,000}\times \text{\$84}}{\text{\$2.31}}}

= 2,954 units

The carrying cost is

= $15.40 × 15%

= $2.31

The number of orders would be equal to

= Annual demand ÷ economic order quantity

= 120,000 ÷ 2,954 units

= 40.62 orders

Now The total cost of ordering cost is

Ordering cost = Number of orders × ordering cost per order

= 40.62 orders × $ 84

= $3,412

3 0
3 years ago
Papa John's received negative publicity concerning the quality of the contents used in making their pizza. The information in th
andriy [413]

Answer: A blog

Explanation:

A blog is an online journal or website that displays information about a particular topic or product. A blog is an avenue for a writer to give their views on certain subject.

There are important reasons to start a blog. Blogging for projects or business, increases the visibility for the company. Blogging helps to get the attention of the consumers hence, connecting the company to it audience. It also boost traffic as the more one posts, the more the company is known.

6 0
3 years ago
The Economy Tomorrow Suppose a country’s GDP is $10 billion and the population is 2 million this year.
Sphinxa [80]

GDP per capita for this year is $5000

GDP per capita for next year  is $4760

GDP per capita for next year is $5100

<h3>What is the GDP per capita?</h3>

GDP per capita is the gross domestic product of a country divided by the total population of that country.

GDP per capita = GDP / population

GDP per capita for this year = $10 billion / 2 million = $5000

GDP per capita for next year  = $10 billion / ( 2 x 1.05) = $4760

GDP per capita for next year = (10 billion x 1.03) / ( 2 x 1.01) = $5100

To learn more about GDP, please check: brainly.com/question/15225458

#SPJ1

8 0
2 years ago
You have just started a new job and plan to save $5,250 per year for 35 years until you retire. You will make your first deposit
nasty-shy [4]

Answer:

FV= $1,260,205.98

Explanation:

Giving the following information:

Annual deposit= $5,250

Number of years= 35 years

Annual interest rate= 0.0947

To calculate the final value, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,250*[(1.0947^35)-1] / 0.0947

FV= $1,260,205.98

6 0
3 years ago
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