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Marta_Voda [28]
3 years ago
11

Chu Company provided the following information related to its inventory sales and purchases for December Year 1 and the first qu

arter of Year 2: Dec. Year 1 Jan. Year 2 Feb. Year 2 Mar. Year 2 (Actual) (Budgeted) (Budgeted) (Budgeted) Cost of goods sold $ 39,000 $ 69,000 $ 89,000 $ 59,000 Desired ending inventory levels are 25% of the following month's projected cost of goods sold. Budgeted purchases of inventory in February Year 2 would be: Multiple Choice
a. $81,500.
b. $66,500.
c. $89,000.
d. $111,000.
Business
1 answer:
rosijanka [135]3 years ago
4 0

Answer:

Option (a) is correct.

Explanation:

For February,

Opening inventory would have been:

= 25% of February

= (25% × $89,000)

= $22,250

Ending inventory would have been:

= 25% of March

= (25% × $59,000)

= $14,750

Hence,

Cost of goods sold = Opening inventory + Purchases - Ending inventory

$89,000 = $22,250 + Purchases - $14,750

Purchases = $89,000 + $14,750 - $22,250

                  = $81,500

Therefore, the budgeted purchases of inventory in February Year 2 would be $81,500.

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d. What should Ken recommend that the company do? Why?

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e. What factors besides the costs and benefits should be considered before the final decision is made?

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Explanation:

Marginal cost benefit analysis refers to analyzing the additional benefits of a new project or activity compared to the benefits generated by an alternative project or activity.

In this case, both alternative should be evaluated as follows:

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<u>sales value                                                                                           </u>

marginal benefits / losses                                                  -$32,200

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3 years ago
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A member assigned the role of devil's advocate in a group <u>has a responsibility to prevent the group members from settling for a proposed easy solution, </u><em><u>by opposing any idea a group member proposes</u></em><u>, so as to generate some argument and push the group to reach a better solution if possible.</u>

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3,4) If I produce 10 pairs of shoes and they cost me $500 then my average total cost for the pair of shoes is 500/10 = $50 and if I keep the price of the shoe at $50 I am using average cost pricing, so average cost pricing is keeping price equal to the average total cost.

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