1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
asambeis [7]
3 years ago
10

Atlas Company plans to sell 145,000 units in November and 190,000 units in December. Atlas's policy is that 15% of the following

month's sales must be in ending inventory. On November 1, there were 21,750 units in inventory. It takes 35 minutes of direct labor time to make one unit. Direct labor wages average $19 per hour. Variable overhead is applied at the rate of $7 per direct labor hour. Fixed overhead is budgeted at $60,500 per month. What is the budgeted production in units for November?
a. 121,000 units
b. 151,750 units
c. 100,000 units
d. 125,600 units
e. 140,000 units
Business
1 answer:
r-ruslan [8.4K]3 years ago
8 0

Answer:

Option (b) is correct.

Explanation:

Given that,

Sales =  145,000 units

Desired ending inventory =   28,500 units

Beginning inventory =  21,750

Budgeted production in units for November:

= Sales + desired ending inventory - Beginning inventory

= 145,000 units + (190,000 × 15%) - 21,750

=  145,000 units + 28,500 - 21,750

= 151,750 units

You might be interested in
Winnebago Industries, Inc. is a leading manufacturer of motor homes. Suppose Winnebago reported ending inventory at August 29, 2
Ad libitum [116K]

Answer:

Winnebago Industries' ending inventory have been if it had used FIFO is $77,196,000

Explanation:

The computation of the ending inventory under FIFO method is shown below:

= Ending inventory under LIFO inventory method  + LIFO reserve

= $46,850,000 + $30,346,000

= $77,196,000

For determining the ending inventory under the FIFO method, we added the ending inventory under the LIFO method and LIFO reserve so that accurate value can come.

7 0
3 years ago
According to the law of supply what's the result of an increase in the supply of workers for a job if all other factors remain e
Roman55 [17]

Answer:

According to the law of supply, an increase in the supply of workers for a job if all other factors remain equal means the company wants to be efficient and it is also proof that the company is making more profit which signals the demand for the commodities they produced as increased drastically.

Explanation:

The law of supply work in the dimension of price, the number of goods available in the market, and it is hugely affected by demand. Now, when the price of goods decreases, it makes production by producers decrease as well and staffs are also laid off to avoid profit loss by the producers. This changes when the price of commodity increases as it makes producers of the commodity have the capacity to employ more staff to maximize time and this also causes the producers to increase sales. However, the higher demand for a commodity would also increase the supply of that commodity.

6 0
3 years ago
Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will b
Sergeu [11.5K]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Central Supply purchased a new printer for $67,500. The printer is expected to operate for nine (9) years, after which it will be sold for salvage value (estimated to be $6,750).

Annual depreciation= 2*[(original cost - residual value)/estimated life (years)]

Year 1= 2*[(67,500 - 6,750)/9]= $13,500

8 0
3 years ago
During 2020 the DLD Company had a net income of $85,000. In addition, selected accounts showed the following changes: Accounts R
zmey [24]

Answer:

$84,500

Explanation:

Data provided as per the question

Net income = $85,000

Depreciation expenses = $1,500

Accounts receivables = $3,000

Increase in accounts payable = $1,000

The computation of amount of cash provided by operating activities is given below:-

Amount of cash provided by operating activities = Net Income + Depreciation expenses - Accounts receivables + Increase in accounts payable

= $85,000 + $1,500 - $3,000 + $1,000

= $84,500

Therefore, for computing the Amount of cash provided by operating activities we simply applied the above formula.

5 0
3 years ago
Abbott Company uses the allowance method of accounting for uncollectible accounts. Abbott estimates that 4% of credit sales will
OverLord2011 [107]

Answer:

$3760

Explanation:

Calculation to determine the December 31 balance in Bad Debt Expense

Using this formula

Bad debt expense = Credit sales × Uncollectible percentage

Let plug in the formula

Bad debt expense= $94,000 × 4%

Bad debt expense= $94,000 × 0.04

Bad debt expense= $3760

Therefore the December 31 balance in Bad Debt Expense will be $3760

8 0
3 years ago
Other questions:
  • Why might a town decide to issue bonds??
    11·2 answers
  • Economists make assumptions in order to Select one: a. mimic the methodologies employed by other scientists. b. minimize the num
    14·1 answer
  • A consumer has decided to buy a new automobile. before investing money in that purchase, the consumer should invest time in ____
    15·1 answer
  • Tar Heel Corporation had current and accumulated E&P of $500,000 at December 31 20X3. On December 31, the company made a dis
    12·1 answer
  • If textbooks and study guides are complements, then an increase in the price of textbooks will result in
    14·1 answer
  • You expect KT industries​ (KTI) will have earnings per share of $ 6 this year and expect that they will pay out $ 2.25 of these
    6·1 answer
  • Jenny owns a book company. It costs $10.00 to produce a new book and the company wants a 30% profit, so he charges $13.00 for th
    10·1 answer
  • The quantity of money demanded rises (that is, there is a movement along the money demand curve) when:
    6·1 answer
  • Cholula hot sauce, a mexican made chili-based sauce brand, is introducing a new hot sauce flavor and wants to use its owners’ un
    8·1 answer
  • Before introducing the results of your survey, you explain in detail how you collected the data and the possible limitations of
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!