Answer:
Pasadena Candle Inc.
Pasadena Candle Inc.
Production Budget
For the Year Ending December 31
Total units available:
Project sales 800,000
Desired ending inventory 20,000 820,000
Beginning inventory 35,000
Total units to be produced 785,000
Explanation:
a) Data and Calculations:
Projected sales of candles for the year = 800,000 candles
January 1 inventory = 35,000 units
Desired December 31 inventory = 20,000 units
Units available for sale = 820,000 (800,000 + 20,000)
Production for the year = 785,000 (820,000 - 35,000)
Answer:
$612,230
Explanation:
Since in the question it is mentioned that the company used the job order cost system for production of specialty patio furniture
Also there is various balances mentioned in the question
Now the total of all open job order cost is equivalent to the work in process amount i.e. $612,230 and the same is to be considered
Hence, the total is $612,230
Steve jobs is dead .......................................
Also what is the question here
Answer:
Lump sum payment today =$6,659,388.81
Explanation:
The lump sum payment that would make her indifferent is the present value of the annuity discounted at the required rate of return of 5%.
PV = A × (1 - ((1+r)^(-n))/n)
A- $450,000, r- 5%, n = 25-1 = 24
<em>Because , the first payment occurs today, we wil take the number of payment to be 24 (i.e 25 - 1) . And then add the first payment to the Present value the of the 24 year annuity. </em>
<em>This is so because the first payment need not be discounted because it is already in present value.</em>
PV = $450,000 × 1- (1.05)^(-24)/0.05
= 6,209,388.81
Total Present value = $450,000 + 6,209,388.81
= $6,659,388.81
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Designer Dollhouses manufactures dollhouse kits that are meant to be assembled by customers. Each kit sells for $60 and has $12 in fixed production costs and $10 in variable production costs. Rather tha selling these kits, the firm is thinking about selling the dollhouses fully assembled for $95 each. The variable costs for assembling one dollhouse are expected to be $14.
Contribution margin Kits:
CM= selling price - unitary variable costs
CM= 60 - 12= 48
CM assembled:
CM= 95 - 12 - 14= 69
Effect in Net income= 69 - 48= 21