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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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4 years ago

Read 2 more answers

Which of the following statements is FALSE?A. The income statement is put together at a specific point in time (end of a busine

skelet666 [1.2K]

Answer:

C. Depreciation is a current expense of a cash outflow in the current period.

FALSE depreciation is a deferral expense it do not related t oa cash flow

Explanation:

A. The income statement is put together at a specific point in time (end of a business quarter, or business year) and so the sale could be in one period and the cash received in another period.

CORRECT income statement end at a certain date and include transaction under accrual accounting which doesn't relate to cash disbursements or collection

B. The income statement contains the set of expenses associated with the products or services sold during the current operating period, with those expenses not associated with current cash flow labeled as nonminuscash expense items

CORRECT It works with accrual accounting

D. Companies depreciate fixed assets (such as office furniture, equipment, machinery, and buildings) over an assigned time period, but the initial cash outlay for the fixed asset typically occurs at the time the asset is acquired by the firm.

CORRECT the cash disbursements occurs at time zero. Then, the accounting distributes this over several period to decrease the impact in the first period

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3 years ago

Pacific Division has the following information:

Luden [163]

Answer:

it will be a net loss of 560,000

It is better to produce at a loss of 60,000 than a loss of 620,000

That's because, the Division cover a good portion of their allocate fixed cost.

Explanation:

The fixed expense are allocate cost. Are unavoidable cost It will remain even if the division is dropped.

The sales and variable cost will be zero.

$\left[\begin{array}{cccc}&Continued&Discontinued&Differential\\Sales&1,200,000&0&-1,200,000\\Variable&-640,000&0&640,000\\Allocate cost&-620,000&-620,000&0\\Result&-60,000&-620,000&-560,000\\\end{array}\right]$

After posting the values, we calculate the differential income.

In this case it will be a loss for 560,000

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3 years ago

Silver Corporation, which operates a department store, sells a television to a store employee for $300. The regular customer pri

tatuchka [14]

Answer:

$75

Explanation:

Calculation to determine How much must the employee include in income from both these transactions in total

Customer price for property $500

Less: Gross profit (25%*$500) ($125)

($500-$125=$375)

Employee price ($300)

INCOME $75

($375-$300)

Customer price for service $150

Less: (20%*$150)max exclusion (30)

($150-$30=$120)

Employee price 120

INCOME 0

($120-$120=$0)

Therefore the amount that the employee must include in income from both these transactions in total is $75

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3 years ago

The total factory overhead for Big Light Company is budgeted for the year at $403,750. Big Light manufactures two different prod

Nataliya [291]

Answer:

a. Total number of budgeted direct labor hours for the year = Direct labor hours for night lights + Direct labor hours for desk lamps

= 30,000*1/2 + 40,000*2

= 15,000 + 80,000

= 95,000 hours

b. Single plant-wide factory overhead rate using direct labor hours = Budgeted factory overhead / Budgeted factory hours

= $403,750 / 95,000 hours

= $4.25 per hour

c. Per unit factory overhead = Number of hours required to complete one unit * Factory overhead rate per hour

Night light

Per unit factory overhead = 0.5 * 4.25

Per unit factory overhead = $2.125 per unit

Desk lamp

Per unit factory overhead = 2 * 4.25

Per unit factory overhead = $8.50 per unit

5 0

3 years ago