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3 years ago

Chavez Corporation reported the following data for the month of July:

Business

2 answers:

Alchen [17]3 years ago

8 0

Answer:

Direct Material Cost for July=$60,600

Explanation:

The direct materials cost for July is is calculated as:

Raw Material in the beginning=$34000

Additional Raw materials purchases=$69500

Total Raw material Available=Raw Material in the beginning+Additional Raw materials purchases

Total Raw material Available=$34000+$69500

Total Raw material Available=$103500

Ending Raw material=$33500

Raw material used in production=Total Raw material Available-Ending Raw material

Raw material used in production=$103500-$33500

Raw material used in production=$70000

Indirect materials included in manufacturing=$9400

Direct Material Cost=Raw material used in production-Indirect materials included in manufacturing

Direct Material Cost=$70000-$9400

Direct Material Cost=$60,600

soldier1979 [14.2K]3 years ago

3 0

Answer:

The direct materials cost for July is $ 70,000

Explanation:

Direct Materials

Raw Materials Opening Inventory =$ 34,000

Add Purchases Raw Materials = $ 69,500

Less Ending Inventory Raw Materials= $ 33,500

Direct Materials cost available for use = $ 70,000

(Assume all raw materials are direct materials.)

Add Direct Labour = $ 94,500

Add Manufacturing Overheads = $ 53,100 ( 62,500- 9,400)

Opening Work In Process = $ 19,500

Less Ending Work In Process = $ 24,000

Work In Process $ 213,100

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In the balance sheet at the end of its first year of operations, Dinty Inc. reported an allowance for uncollectible accounts of

mash [69]

Answer:

Bad debt expense: 114,000

Explanation:

Dinty Inc. during the year canceled the accounts receivable it had attempted to collect and failed for $ 32,000 and reported a provision for bad accounts of $ 82,000. Both operations have to be registered against "Bad debt expenses" because they represent accounts receivable that are presumed to be without recoverable value.

Bad debt expense 114,000

Accounts receivables 32,000

Provision for bad accounts 82,000

114,000 114,000

4 0

3 years ago

Cascade Company was started on January 1, Year 1, when it acquired $151,000 cash from the owners. During Year 1, the company ear

erica [24]

Answer:

Cascade Company

Income statement for the year ended year 1

Sales Revenue $90,600

Less Expenses $62,000

Net Income $28,600

Cascade Company

Statement of changes in equity for the year ended year 1

Capital Retained Income Total

Beginning of the Year :

Opening Balance $151,000 $ 0 $151,000

During the Year :

Profit for the year - $28,600 $28,600

Dividends paid - ($13,000) ($13,000)

Total $151,000 $15,600 $166,600

Cascade Company

Balance Sheet as at year 1

ASSETS

Cash ($151,000 + $90,600 - $62,000 - $13,000) $166,600

Total Assets $166,600

EQUITY AND LIABILITIES

Equity $166,600

Total Equity and Liabilities $166,600

Cascade Company

Statement of Cashflow for the year ended year 1

Cash flow from Operating Activities

Cash receipts from customers $90,600

Cash payments to suppliers and employees ($62,000)

Net Cash from Operating Activities $28,600

Cash flow from Investing Activities

No Investment activities

Net Cash from Investing Activities $0

Cash flow from financing Activities

Capital Invested $151,000

Dividends Distributions ($13,000)

Net Cash from Investing Activities $138,000

Movement during the year $166,600

Beginning Cash and Cash Equivalents $0

Ending Cash and Cash Equivalents $166,600

Explanation:

The income statement, statement of changes in equity, balance sheet, and statement of cash flows for Cascade Company have been prepared above.

Note : Make sure to take note of the format and appropriate heading of each statement.

8 0

3 years ago

Q efectos produce sobre el consumidor la absolesencia programada

k0ka [10]

Answer:

hola aqui te va la respuesta y espero que te sirva

Explanation:

Son nefastas para nuestro planeta, produciendo mas de 215.000 toneladas de residuos en aparatos electrónicos

5 0

3 years ago

Big John’s manufacturing currently produces its lead product on a machine that has a variable cost of 0.32 per unit and a fixed

Greeley [361]

Answer:

The indifference point is 1,875,000 units.

Because the current machine has lower fixed costs, it has a lower cost from 0 units to 1,874,999. From 1,875,001 the new machine is more convenient,

Explanation:

Giving the following information:

Current machine:

Total cost= 75,000 + 0.32x

New machine:

Total cost= 150,000 + 0.28x

To find the indifference point, we need to equal the cost functions and isolate x (number of units)

75,000 + 0.32x = 150,000 + 0.28x

0.04x= 75,000

x= 1,875,000

The indifference point is 1,875,000 units.

Because the current machine has lower fixed costs, it has a lower cost from 0 units to 1,874,999. From 1,875,001 the new machine is more convenient.

6 0

3 years ago

If it takes a supplier 25 days to deliver an order once it has been placed and the standard deviation of daily demand is 20, whi

Volgvan

Answer:

option (B) 100

Explanation:

Data provided in the question:

Number of days supplier takes to deliver an order once it has been placed i.e the lead time = 25 days

Standard deviation of daily demand = 20

Now,

Standard deviation of usage during lead time

= Standard deviation of daily demand × √(Lead time)

= 20 × √25

= 20 × 5

= 100

Hence,

The answer is option (B) 100

7 0

3 years ago