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UkoKoshka [18]
3 years ago
11

Schuepfer Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 1,300 units ar

e planned to be sold in March. The variable selling and administrative expense is $4.20 per unit. The budgeted fixed selling and administrative expense is $19,240 per month, which includes depreciation of $3,380 per month. The remainder of the fixed selling and administrative expense represents current cash flows. The cash disbursements for selling and administrative expenses on the March selling and administrative expense budget should be:
a. $15,860
b. $5,460
c. $24,700
d. $21,320
Business
1 answer:
telo118 [61]3 years ago
3 0

Answer:

Total expending 21,320

Explanation:

Assuming the administrative expense are also paid on cash during the period

1,300 units x $4.20 = 5,460 Variable expending

19,240 fixed cost - 3,380 depreciation (non-monetary) = 15,860 Fixed expending

Total expending 5,460 + 15,860 = 21,320

<u>Remember:</u>

Depreciation and amortization are non-monetary term, they don't involve a cash disbursement.

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Answer: Market Penetration Pricing.

Explanation:

MPP, Market Penetration Pricing is a where a company uses a strategy to attract customers to their product. Which also means lowing the price for customers to buy their products.

When lowing a price: This strategy is used to attract customers, they buy their product - then if they like it they will keep buying it even if the price is raised. This is a common strategy for tons of company brands.

6 0
3 years ago
Which of the following best describes the journal entry to record the withdrawal of raw materials from the storeroom for use as
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D. Debit work in process debit manufacturing overhead …..
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2 years ago
Please explain to me CPJ and CRJ immediately I really need in depth explanation​
alukav5142 [94]

Answer:

CRJ means cash receipt journal. ... In higher classes, this journal is not made, it is included in the debit side of cash book. Meaning of CPJ. CPJ means cash payment journal.

8 0
3 years ago
On January 1, Jamaica Company purchased equipment for $18,000. The estimated salvage value is $2,000 and the estimated useful li
Elanso [62]

Answer:

Depreciation expense on third year is $2,400

Explanation:

First, we must compute the depreciation expense for the first 2 years.

($18,000 - 2,000)/5years = $3,200 depreciation expense per year.

Second, let’s compute the net book value before the adjustment.

$3,200 x 2 years = $6,400 (total depreciation for 2 years)

$18,000 - $6,400 = $11,600 (Net book value before adjustment)

Finally we can now compute the Depreciation expense on the third year.

($11,600 - $2,000) / 3+1

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8 0
3 years ago
On July 1, 2020, Dobbs Co. pays $14,400 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fiscal year
Anarel [89]

Answer:

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Dr Unearned Service Revenue $ 2,400

Cr Service Revenue $ 2,400

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Preparation of the journal entry for July 1 and the adjusting entry on December 31 for Kalter Insurance Co

Based on the information given the journal entry for July 1 will be :

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Cr Unearned Service Revenue $ 14,400

(Being to record Unearned Service Revenue )

Based on the information given the Journal entry for December 31,2020 will be :

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Cr Service Revenue $ 2,400

[ ( $14,400 / 36 Months) * 6 ]

(Being to record Service revenue earned)

Note that 3 years will give us 36 months (12month*3) and July 1,2020 to December 31 will give us 6 months.

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