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3 years ago

Which of the following budgets is not a budget that a manufacturer would include in its master budget?

Business

1 answer:

Arlecino [84]3 years ago

8 0

Answer:

merchandise purchases budget

Explanation:

A product sales forecast is a business plan that records the cumulative amounts of expenses or commodity production units that a retailer is supposed to buy in a reporting year.

In other terms, this is the expenditure analysts use to prepare acquisitions in inventories for the forthcoming times. This is also the guideline which determines the sum of money which the procurement department may allocate on yearly stock purchasing.

Thus, from the above we can conclude that the correct option is D.

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At the high level of activity in November, 12000 machine hours were run and power costs were $20000. In April, a month of low ac

Salsk061 [2.6K]

Answer:

$6,500

Explanation:

For computing the estimated fixed cost, we have to determine the variable cost per hour which is shown below:

Variable cost per hour = (High power cost - low power cost) ÷ (High machine hours - low machine hours)

= ($20,000 - $11,000) ÷ (12,000 hours - 4,000 hours)

= $9,000 ÷ 8,000 hours

= $1.125

Now the fixed cost equal to

= High power cost - (High machine hours × Variable cost per hour)

= $20,000 - (12,000 hours × $1.125)

= $20,000 - $13,500

= $6,500

4 0

3 years ago

Oriole Company sells goods to Danone Inc. by accepting a note receivable on January 2, 2020. The goods have a sales price of $65

labwork [276]

Answer:

Explanation:

The journal entries are shown below:

Using net method:

1. Notes receivable A/c Dr $650,000 ($659,900 - $9,900)

To Sales revenue A/c $650,000

(Being the sale is recorded)

2. Cost of goods sold A/c Dr $460,000

To Inventory A/c $460,000

(Being cost of goods sold is recorded)

3. Cash A/c Dr $659,900

To Notes receivable $650,000

To Discount forfeited $9,900

(Being received payment is recorded)

Using gross method:

1. Notes receivable A/c Dr $650,000 ($659,900 - $9,900)

To Sales revenue A/c $650,000

(Being the sale is recorded)

2. Cost of goods sold A/c Dr $460,000

To Inventory A/c $460,000

(Being cost of goods sold is recorded)

3. Cash A/c Dr $659,900

To Notes receivable $659,900

(Being received payment is recorded)

6 0

3 years ago

Strategic planning is the managerial process of creating and maintaining a fit between the organization's objectives and resourc

Thepotemich [5.8K]

Answer:

TRUE

Explanation:

Strategic planning is an essential tool for any company, regardless of its size or area of activity, through it the company identifies what its objectives and goals are for a period of time and develops action plans to achieve them. Through strategic planning, the company also seeks to identify its mission, vision, values, policies and procedures that will assist it in reaching its goals.

To be effective, it must be aligned with the organizational identity, be properly implemented and monitored.

7 0

3 years ago

Unipeg Corporation has uniform high sales targets for its employees all across the globe, regardless of the environmental constr

sveta [45]

Answer: unrealistic performance goals.

Explanation:

The Management of Unipeg Corporation unrealistic sales goals, set for their employees is a reason for the unethical behavior of falsifying figures by their marketers. The unrealistic sales goal set is that every employee sales must get to a certain point or they face penalties, this triggers employee to act unethically.

4 0

4 years ago

Read 2 more answers

Oriole Realty Corporation purchased a tract of unimproved land for $132,000. This land was improved and subdivided into building

finlep [7]

Answer:

Net income 29503

Explanation:

First we need to allocate the land and improvement cost over the lots, we are going to do so based on the revenue:

groups NºLot $ per Lot Revenue Cost per Group Per lot

A 9 7200 64,800 44,937.4648 4,993.0516

B 15 9600 144,000 99,861.0329 6657.4022

C 17 5760 97,920 67,905.5023 3,994.4413

Total Revenue 306720

We divide the group revenue over the total revenue and multiply by the land

and land improvements

Then we take the allocation per group and divde over the total number of lot

We do the same with the allocate expenses:

groups NºLot $ per Lot Revenue Cost per Group Per lot

A 9 7200 64800 9228.169 1025.3521

B 15 9600 144000 20507.0423 1367.1362

C 17 5760 97920 13944.7887 820.2817

Total revenue 306720

Next we solve for the sol lots:

A 9 lots less 5 unsold = 4

B 15 lots less 7 unsold = 8

C 17 lots less 2 unsold = 15

And we proceeds to do the income statement

Revenue sold x market price

Group A 4 28800

Group B 8 76800

Group C 15 86400

192000

Cost lot sold x (allocate operating + allocate land and improvements)

group A 24073.6148

group B 48147.2296

group C 90276.0555

Total expenses 162496.8999

Net income 29503

3 0

4 years ago