Answer:
= $52,050
Explanation:
First, the question is as follows:
Calculate the number of pounds of raw material to be purchased in June
Solution
Step One: We determine what was produced in June and in July as follows
Budgeted Production = Budgeted sales + The desired closing inventory of finished products - the estimated opening inventory of finished products
- Budgeted Production in June= $15,600 + (0.3 x 19,600) - $4,680 (This is the ending inventory figure from May) = $16,800
- Budgeted Production in July= $19,600 - (17,600 units x 0.3)- $5,880 (this is the opening inventory calculated for June above) = $19,000
Step 2 : Determine the Purchased raw materials for June
- = (Production in June x 3) + Production in July x 3 x 0.25) - (Production in June x 3 x 0.25)
= 50,400 + $14,250 - $12,600 = $52,050
Anything that's intangible means you cannot touch it. You can touch the land (with your feet), and you can touch a building. Neither are intangible assets.
An assembly cost is intangible, but it's not an asset. It's a cost. Assets are things with long term value - a cost is something spent.
A patent has value in the future - someone with the patent owns the ability to make a product. That makes it an asset. It's also a right and not able to be touched.
Thus, the patent is an example.
My cat wishes you luck. She said you deserve all the cat food in the world
The answer is A. Equipment
<span>When laborers are out of work, then they can't as often to buy product from business, which in turn the business loose money have to lay their laborers off,which creates a vicious cycle.Then at times the government will come up with their programs to help the business and try to keep the economy going.</span><span />
