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eduard
2 years ago
5

1. The purpose of preparing a direct materials budget is to ________. a. allocate the cost of raw materials to production depart

ments.b. estimate the manufacturing overhead. c. estimate the quantity of raw materials to be purchased. d. estimate the unit cost of direct materials to be purchased.2. In a direct materials budget, the desired ending raw materials inventory for the year is equal to the ________. a. beginning balance of accounts payable.b. desired ending raw materials inventory for the last period.c. total merchandise purchased during the year.d. value of raw material used during the year.
Business
1 answer:
worty [1.4K]2 years ago
6 0

Answer:

1. Option c is correct option.

2. Option b is correct option.

Explanation:

Part 1. Direct material budget is prepared for  estimating the quantity of raw materials to be purchased. Following is the formula used for the computation of direct material budget:

D. Raw Material required to be purchased = Raw Material required for production + Desired closing Raw material for the last year - Opening Raw Material

Part 2. The desired ending raw material inventory for the last period.

And this is evident from the formula in the part 1 which tells that the desired closing raw material is that of the last year.

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A firm engaging in efficient​ production, using current​ technology, ________ produce its current level of production with​ ____
insens350 [35]

Answer:

C.

Explanation:

Efficiency is manifested in the proper use of time, and resources for an intended purpose. Meaning, it is doing things right.

Production efficiency is based on a business's ability to produce the highest number of units of a good while using the least amount of resources possible.

Also, is the comparison of what is actually produced or performed with what can be achieved with the same consumption of resources (money, time, labor, etc.).

In this example, the firm has already meet the efficient point. It is not possible to produce the same level of production with less resources.

7 0
2 years ago
what is the accounting measurement of an insurance company's future obligations to its policy owners?
zvonat [6]

Answer:

provisions / accruals

Explanation:

see above in the answer, both mean basically the same but in insurance terms accrual is more correct

8 0
3 years ago
The burden of a tax is shared by producers and consumers. Under what conditions will consumers pay most of the​ tax? Under what
juin [17]

Answer:

The correct answer is option C.

Explanation:

Imposition of tax causes the market equilibrium price to increase. This creates a tax wedge by increasing the price paid by the buyer and reducing the price received by the seller.

So the burden of tax is shared by both buyers and sellers. Who will share most of the burden depends on their elasticity.

If the demand is more inelastic, consumers will share most of the burden. If the supply is more inelastic, producers will bear most of the burden.

5 0
3 years ago
How do dogs drink water
alina1380 [7]

Because dogs don’t have cheeks, they can’t create suction. To compensate, their tongues slap the water and pull it toward their maw in the form of a liquid column. As this water is suspended in mid-air, they chomp down on it and swallow, repeating the process until they’re satisfied.


3 0
3 years ago
Hepburn Company transferred $58,000 of accounts receivable to a local bank. The transfer was made without recourse. The local ba
vivado [14]

Answer: $11420

Explanation:

The amount that Hepburn will show as an amount receivable from factor will be the estimated fair value of the interest in receivables minus the factoring fee given in the question. This will be:

= $12,000 - ($58,000 × 1%)

= $12,000 - ($58,000 × 0.01)

= $12,000 - $580

= $11,420

8 0
2 years ago
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