Answer:
Budgeted selling and administrative expenses must be $190,000.
Explanation:
Budgeted selling and administrative expenses can be calculated as follows:
Budgeted gross margin = Budgeted sales * Percentage of budgeted sales that is budgeted gross margin = $1,150,000 * 30% = $345,000
Budgeted net income = Budgeted gross margin - Budgeted selling and administrative expenses …………. (1)
Substituting the relevant values into equation (1) and solve for budgeted selling and administrative expenses, we have:
$155,000 = $345,000 - Budgeted selling and administrative expenses
Budgeted selling and administrative expenses = $345,000 - $155,000 = $190,000
Therefore, budgeted selling and administrative expenses must be $190,000.
Answer:
The correct answer is C.
Explanation:
Giving the following information:
Variable manufacturing cost, $30
Applied fixed manufacturing overhead, $15
<u>Under the absorption costing method, the unitary product cost is calculated using the variable manufacturing cost and allocated fixed overhead.</u>
Unitary product cost= 30 + 15= $45
The demand would go up because it would be more affordable
Answer:
a. c+b≤360....equation 1
b. 2 c+1.5 b≥500.... equation 2, where c and b are the number of cans and bottles of water respectively.
c. The number of water bottles to be sold have to be equal to or more than 142 to cover the cost of renting costumes.
Explanation:
a.
<em>Step 1: Determine maximum number of cans and bottles</em>
As indicated, the number of cans and bottles can not exceed a certain value. This means that the number of cans and bottles can be either equal to or less than that value. The maximum number of cans and bottles can be represented in the following expression;
c+b≤m
where;
c=unknown
b=unknown
m=360
replacing;
c+b≤360....equation 1
b.
<em>Step 2: Determine total amount needed to raise $500</em>
Since $500 dollars is the minimum amount needed, the sales have to be $500 and more. This can be expressed as;
(C×c)+(B×b)≥T
where;
T=total amount needed
C=price per can of lemonade
c=number of cans sold
B=price per bottle of water
b=number of bottles sold
In our case;
T=$500
C=$2
c=unknown
B=$1.50
b=unknown
replacing;
(2×c)+(1.5×b)≥500
2 c+1.5 b≥500.... equation 2
c.
<em>Step 3: Determine least number of bottles of water that must be sold</em>
The least number of bottles of water that must be sold to cover the cost of renting costumes can be solved using equation 2 above;
2 c+1.5 b≥500
where;
c=144
b=unknown
replacing;
(2×144)+1.5 b≥500
288+1.5 b≥500
1.5 b≥500-288
1.5 b≥212
b≥212/1.5=141.33=142
b≥142, meaning the number of water bottles to be sold have to be equal or more than 142 to cover the cost of renting costumes.
The amount of check paid by Company G after claiming the cash discount offer is $2,058.
<h3>What is a cash discount?</h3>
A cash discount is a type of rebate being allowed by seller to the buyer on the amount of receivables for a specified period of time.
Given values:
Amount of receivables: $2,100
Cash discount : 2%
Discount days: 7 days
Full payment days: 30 days
Computation of amount of check to be paid after discount:
Therefore, after paying the receivable amount within 7 days, the company can claim the discount of 2% and paid $2,058 as its net payment.
Learn more about the cash discount in the related link:
brainly.com/question/15060398
#SPJ1