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Anvisha [2.4K]
3 years ago
13

Factory Overhead Cost Budget Sweet Tooth Candy Company budgeted the following costs for anticipated production for August: Adver

tising expenses $232,000 Manufacturing supplies 14,000 Power and light 48,000 Sales commissions 298,000 Factory insurance 30,000 Production supervisor wages 135,000 Production control wages 32,000 Executive officer salaries 310,000 Materials management wages 39,000 Factory depreciation 22,000 Prepare a factory overhead cost budget, separating variable and fixed costs. Assume that factory insurance and depreciation are the only fixed factory costs.
Business
1 answer:
Doss [256]3 years ago
3 0

Answer:

variable costs

manufacturing supplies =$14000

production supervisor wages=$135,000

power and light=$48000

production control wages=$32000

materials management wages=$39000

total=$268000

fixed costs

factory insurance =$30000

factory depreciation =$22000

<u>Total= $52000</u>

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I believe the answer is: positioning strategy.

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2 years ago
Athlon Company acquired 30 percent of the common stock of Opteron Corporation, at underlying book value. For the same year, Opte
MatroZZZ [7]

Answer:

$16,500

Explanation:

The computation of increase in investment is shown below:-

Here, if the investor holds 20% or more but less than 50% shares than the dividend paid and income earned by the investee are reported.

Increase in investment = Shares of net income - Share of dividends

= $55,000 × 30% - $0 (Dividend is not paid)

= $16,500

Therefore for computing the increase in investment under equity method we simply applied the above formula.

8 0
3 years ago
Which of the following accounts are classified as shareholders' equity?
vazorg [7]

The following accounts which are classified as shareholders' equity are Additional paid-in capital, Common stock ,Retained earnings.

Option A, B, C is correct.

<h3>Shareholder Equity:</h3>

Shareholder Equity is the amount invested in the business by the owner of the business. This includes the money they have invested directly and the accumulation of earnings earned by the company that has been reinvested since its inception.

<h3>Is equity a liability or an asset?</h3>

Equity is the company's total assets minus total liabilities. It can be defined as the total amount of dollars that a company would be left with if it liquidated all its assets and paid off all its liabilities. This is then distributed to shareholders.

Learn more about shareholder equity:

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5 0
1 year ago
All of the following are methods of evaluating the risk of a project except multiple choice the net present value profile a mont
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6 0
2 years ago
On May 7, Jernigan Company purchased on account 510 units of raw materials at $18 per unit. During May, raw materials were requi
Paladinen [302]

Answer and Explanation:

The journal entry to record the purchase is shown below;

Materials (510 units × $18) $9,180

          To Accounts payable $9,180

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Therefore the above journal entry should be passed

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2 years ago
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