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PIT_PIT [208]
3 years ago
11

Timothy, LLC, originally budgeted $10,000 of costs to produce 100 toy cars. $5,000 of these costs consisted of direct labor, $1,

000 consisted of raw materials, and $3,000 consisted of fixed licensing and rental costs. Timothy, LLC also budgeted $30,000 of revenue from the sale of these cars. Timothy, LLC actually produced and sold 160 toy cars (no beginning or ending FG or WIP inventory). What is the flexible budget amount of raw materials?
Business
1 answer:
dolphi86 [110]3 years ago
3 0

Answer:

$1,600

Explanation:

Budgeted raw material cost per toy car:

= Total budgeted raw material cost ÷ Budgeted production(in units)

= $1,000 ÷ 100 toy cars

= $10 per toy car

Flexible budget of raw material:

= Actual number of toy cars sold × Budgeted raw material cost per toy car

= 160 × $10 per toy car

= $1,600

Therefore, the flexible budget amount of raw materials is $1,600.

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Outstanding stock refers to the total number of stock issued and fully paid for from the issued stock.

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3 years ago
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natulia [17]

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3 0
1 year ago
What is the slope of the line represented by the equation y=-2/3<br>- 5x?​
iren [92.7K]

Answer:

the slope is -5 or -5/1

Explanation:

7 0
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katrin2010 [14]

Answer: The answer is provided below

Explanation:

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Internship comes into legal agreement by signing an internship agreement. Such agreement is signed by the organization and the intern. The violation of intern contract is enforceable by law.

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3 years ago
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