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3 years ago

Identify the corresponding budget(s) from which dollar amounts are transferred directly in constructing each of the following:

Business

1 answer:

alexira [117]3 years ago

8 0

Answer:

The corresponding budgets in column B from which dollar amounts are transferred directly is paired correctly with the budgets listed in Column A.

as shown in the explanation section below

Explanation:

Solution

Given that

COLUMN A COLUMN B

1.Budgeted Income statement – (e)Sales Budget

2.Budgeted Balance sheet – (d)Payables Budget

3.Flow Cash Budget – (a)Direct materials budget

4. cost of goods sold – (b)cost of goods sold Budget

5.production Budget – (c)production Budget

Note: This is the complete question to this example.

Complete question

Identify the budgets in Column B from which dollar amounts are transferred directly in constructing the budgets listed in Column A.

Column A

1. Budgeted income statement

2. Budgeted balance sheet

3. Cash flow budget

4. Cost of goods sold budget

5. Production budget

Column B

a. Direct materials budget

b. Cost of goods sold budget

c. Production budget

d. Payables budget

e. Sales budget

f. Budgeted income statement

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3 years ago

If Congress passed a tax increase at the request of the president to reduce the budget deficit, but the Fed held the money suppl

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2 years ago

“If you had all the money you needed,

svetoff [14.1K]

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3 years ago

Hammoudi Company uses the weighted-average method in its process costing system. The first processing department, the Welding De

8_murik_8 [283]

Answer:

b. $4.147

Explanation:

<em>The First Step is to Determine the Total Equivalent Units of Production for Conversion Costs.</em>

Units Completed and Transferred (45,000 × 100%) = 45,000

Units of Closing Work In Process (24,000 × 70% ) = 16,800

Total Equivalent Units of Production = 61,800

<em>The Next Step is to Determine the Total Cost for Conversion during the Period.</em>

Costs in Opening Work In Process = $61,920

Cost Added During the Year = $194,340

Total Cost for Conversion = $256,260

<em>Lastly, we Determine the cost per equivalent unit of Conversion Costs.</em>

Cost per equivalent unit = Total Cost / Total Equivalent Units

= $256,260 / 61,800

= $4.146601942

= $4.147 (three decimal places.)

Conclusion :

Therefore, the cost per equivalent unit for conversion costs for the month is $4.147.

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3 years ago

5) On July 12, Reliable Repair Service extended an offer of $150,000 for land that had been priced for sale at $185,000. On Sept

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Answer:

The price should be recorded as $167,500

Explanation:

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For Reliable Repair Service, there were different prices quoted, but the buyer paid $167,500. It means the company sold the land for $165,000. This is the amount that should be recorded in the books.

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3 years ago