1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tems11 [23]
3 years ago
11

One Device makes universal remote controls and expects to sell 500 units in January, 800 in February, 450 in March, 550 in April

, and 600 in May. The required ending inventory is 20% of the next month’s sales. Prepare a production budget for the first four months of the year. What is the total required production for the year?
Business
1 answer:
Reil [10]3 years ago
7 0

Answer and Explanation:

The preparation of the production budget  and The total required production for the year is as follows

<u>                                                   One Device </u>

<u>                                                   Production budget</u>

<u>                                               For the first four months</u>

<u>Particulars        Jan             Feb             Mar            April              Year</u>

Expected

unit sales          500 units    800 units   450 units  550 units    

Add:

Ending

inventory          160 units     90 units      110 units   120 units

     ($800 × 20%)     ($450 × 20%)    ($550 × 20%)     ($600 × 20%)

Total

required units  660 units    890 units     560 units  670 units

Less:

Beginning

inventory         100 units      160 units     90 units       110 units

       ($500 × 20%)  ($800 × 20%)  ($450 × 20%)    ($550 × 20%)  

Required

production

units                 560 units     730 units     470 units     560 units     2,320 units

You might be interested in
the fair value of Blossom is estimated to be $820,800. The carrying value of Blossom’s net identifiable assets, including the go
Greeley [361]

Answer:

Cullumber Company

Journal Entry:

Debit Loss on Goodwill Impairment $34,200

Credit Goodwill $34,200

To record the loss on goodwill impairment.

Explanation:

a) Data and Calculation:

Fair value = $820,800

Carrying value of net identifiable assets, including goodwill = $855,000

Goodwill impairment = $34,200 ($855,000 - $820,800)

b) Cullumber, which acquired Blossom is expected to check for the impairment of goodwill yearly.  The impairment occurs when the carrying value of the net identifiable assets of Blossom is more than the fair value of Blossom.  Generally Accepted Accounting Standards require the annual review of the fair value of goodwill to check for its impairment.  By the above entry, the goodwill will be reduced by $34,200 and a loss debited in Cullumber's accounts.

4 0
3 years ago
IMA GOIN BROKE FROM THESE GIVAWAYS BUT HERES MORE POINTS
KIM [24]

Answer:

TYSM YOU ARE AMAZING

Explanation:

5 0
3 years ago
Read 2 more answers
A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume
tangare [24]

Answer:

a. What is the MRP?

marginal revenue product = marginal product of labor x marginal revenue per output unit

MRP = 1,500 packages x $0.10 per package = $150

marginal resource cost (MRC) = $100 (the cost of renting the delivery truck)

The company should add the delivery truck because MRP is higher than MRC.

b. Now suppose that the cost of renting a vehicle doubles to $200 per day. What are the MRP and MRC in this situation?

MRP = $150 (doesn't change from question a)

MRC = $200 (the cost of renting the delivery truck)

The company should not add the delivery truck because MRP is less than MRC.

c. Next suppose that the cost of renting a vehicle falls back down to $100 per day, but, due to extremely congested freeways, an additional vehicle would only be able to deliver 750 packages per day. What are the MRP and MRC in this situation?

MRP = 750 packages x $0.10 per package = $75

MRC = $100

The company should not add the delivery truck because MRP is less than MRC.

7 0
3 years ago
Gross Earnings are the same as:
meriva
Gross income, or gross profit I think
8 0
3 years ago
If your average is an 83 and you took a test and made a 80 on it what is your average then?
Ierofanga [76]
The correct answer would be 81
7 0
3 years ago
Other questions:
  • A bond will pay $80 in interest at the end of each of the next three years, plus $1,000 at the end of the third year. If it has
    12·1 answer
  • __________ is the only formal method for ending a filibuster and requires the approval of __________ senators. cloture, fifty-on
    7·1 answer
  • Nelson Manufacturing has the following data:Variable costs are 60% of the unit selling price.The contribution margin ratio is 40
    6·1 answer
  • This year, you owed $6,414.95 in federal income tax. If you are taxed at a net rate of 17%, what was your taxable income for thi
    12·2 answers
  • The concept of diminishing marginal benefits states that A. the more you pay for a​ good, the less benefit you receive. B. the m
    6·1 answer
  • An oil pump that is capable of delivering a larger amount of oil than a stock oil pump is called a:
    10·1 answer
  • You want to have $3 million in real dollars in an account when you retire in 40 years. The nominal return on your investment is
    14·1 answer
  • Help help businesses please please
    6·1 answer
  • In an efficient capital market, only ______ or ________ information will make stock prices move.
    5·1 answer
  • Within her company, nadine utilizes a management style that varies according to the individual and environmental situation, with
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!