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pshichka [43]
2 years ago
7

Suppose Chef Kitchen manufactures cast iron skillets. One model is a​ 10-inch skillet that sells for $ 28 . Chef Kitchen project

s sales of 625 ​10-inch skillets per month. The production costs are $ 6 per skillet for direct​ materials, $ 3 per skillet for direct​ labor, and $ 5 per skillet for manufacturing overhead. Chef Kitchen has 60 ​10-inch skillets in inventory at the beginning of July but wants to have an ending inventory equal to 40 ​% of the next​ month's sales. Selling and administrative expenses for this product line are $ 1,000 per month.
Required:
1. How many 10-inch skillets should Chef Plus produce in July?
Business
1 answer:
Lerok [7]2 years ago
6 0

Answer:

production schedule for July = 815 10-inch skillets

Explanation:

price of 10-inch skillet $28

projected sales 625 units

costs:

  • direct materials $6
  • direct labor $3
  • manufacturing overhead $5
  • sales and administrative expenses $1,000

beginning inventory 60 units

ending inventory 40% of August sales

production during July = (projected sales - beginning inventory) + (40% x projected sales August) = (625 units - 60 units) + (40% x 625 units) = 565 units + 250 units = 815 10-inch skillets

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One factor that is usually higher in less developed countries (LDCs) than in developed countries is _____.
USPshnik [31]

Answer:

D) infant mortality

Explanation:

Infant mortality rate (IMR) is a ratio that measures how many infants (children under one year of age) die for every 1,000 live births. The IMR serves as an indicator of how healthy a country's population is.

The countries with the highest IMR are Afghanistan, Somalia, Central African Republic. While the countries with the lowest IMR are Japan, Iceland and Singapore.  

4 0
3 years ago
A store offers packing and mailing services to customers. The cost of shipping a box is a combination of a flat packing fee of $
strojnjashka [21]

Answer:

equation will be 2x+5

Explanation:

We have given the cost of shipping box = $5

Flat packing fee = $5

As given, the cost of shipping a box is based on its weight in pounds so it is variable

And a flat rate of $5 for packing. This means $5 is common for each parcel that will be sent. Only the weight will vary.

So the equation will be 2x+5

4 0
3 years ago
Read 2 more answers
Sam wants to purchase a new computer and go to the Caribbean for spring break. The computer is priced at $1,299, and the vacatio
KATRIN_1 [288]

Answer: Unit of account; Store of value; Medium of exchange.

Explanation:

Sam can easily know that the price of the computer system is more than the price of the vacation. This is a Unit of Account.

Unit of account is measuring of the value of a product against another in terms of a specific currency.

Sam has $1,537 in his checking account. This is a Store of value.

Store of value means an asset or money can be saved and retrieved at a later time, for future use.

Sam writes a check for $1,299 is a medium of exchange.

Medium of exchange is used to facilitate trade between parties. He exchanged money for the computer.

5 0
3 years ago
On December 31, 2021, Coolwear Inc. had balances in Accounts Receivable and Allowance for Uncollectible Accounts of $48,000 and
Reil [10]

Answer:

$3,325

Explanation:

Bad Debt Expense = Allowance for uncollectible accounts 2022 - (Allowance for uncollectible accounts 2021 - Written off in accounts receivable

Bad Debt Expense = $4,100 - ($1,400 - $625)

Bad Debt Expense = $4,100 - $775

Bad Debt Expense = $3,325

So, the bad debt expense for 2022 would be $3,325.

6 0
2 years ago
1.Danner Company expects to have a cash balance of $45,000 on January 1, 2017. Relevant monthly budget data for the first 2 mont
Nat2105 [25]

Answer:

\left[\begin{array}{ccc}&January&February\\$beginning&45000&27500\\$receipts&97000&150000\\$disbursement&-114500&-163500\\$interest&0&0\\$subtotal&27500&14000\\$minimun&20000&20000\\$Financing&&\\$beginning&0&0\\$payment/loan&0&6000\\$ending&0&6000\\&&\\$ending cash&27500&20000\\\end{array}\right]

Explanation:

On January we collect the 85,000 from revenues and the 12,00 form marketable securities.

Then, we add up each disbursement:

Materials 50000

Labor       30000

Overhead (net of depreciation) 19,500

Selling and administrative 15000

Total 114,500

Then we solve for the cash balance and get the blaance as it is higher than 20,000 we do not need financing

Then, this value is the beginning cash for February. As the ending balance is 14,000 we will take 6,000 financing to reach the bare minimum of 20,000

3 0
3 years ago
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