Answer:
1. Option c is correct option.
2. Option b is correct option.
Explanation:
Part 1. Direct material budget is prepared for estimating the quantity of raw materials to be purchased. Following is the formula used for the computation of direct material budget:
D. Raw Material required to be purchased = Raw Material required for production + Desired closing Raw material for the last year - Opening Raw Material
Part 2. The desired ending raw material inventory for the last period.
And this is evident from the formula in the part 1 which tells that the desired closing raw material is that of the last year.
How to transport the goods ie by truck, plane or train for example for goods like vegetables and fruits from California to Canada and for services like consulting services it could be if they are available and at what cost.
Answer:
True
Explanation:
The variables price and quantity are inverse correlated then a change in 1 has the exact opposite effect in the other.
Answer:
The new truck will enter the account with the invoice value.
new truck 122,000
ac dep old truck 44,000
loss on trade 22,000
Cash 110,000
Old Truck 78,000
Explanation:
Old truck 78,000
acc depreciation 44,000
net-book value 34,000
trade-in allowance 12,000
loss on trade 22,000
The new truck will enter the account with the invoice value.
Answer:
Sparrow Co's automobiles are premium brands that command premium prices
Explanation:
The fact that both automobile makers incurs the same cost of $9,000 is just one of many factors to consider because the processes involved in manufacturing are not necessarily the same.
Besides,the level of workforce efficiency and the state of technology deployed are not necessarily the same.
It could also be that Sparrow Co. was able to achieve same level of cost with Bison Autos because it adopted modern cost reductions techniques such as Just-In Time which eliminates the need to keep inventory, thereby eliminating excessive costs of holding inventory.
All in all,Sparrow Co,could project itself as a maker of high-end brands and increase prices as appropriate.
