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Answer:
The units started and completed is 59,900 tons
Explanation:
The computation of the number of tons started and completed during October is shown below:
Units Completed = Beginning Work in Process Units Completed + Units started and Completed
74,900 units = 15,000 tons + Units started and Completed
So, the units started and completed is
= 74,900 tons - 15,000 tons
= 59,900 tons
Hence, the units started and completed is 59,900 tons
Answer:
a. $29,496
b. $21,996
Explanation:
a. The Computation of budgeted marketing expense for the fourth quarter is shown below:-
Sales units 2,640
(2400 × 110%)
Variable marketing expenses per unit sold $0.15
Total Variable marketing expenses $396
Fixed Marketing expenses $18,000
Salaries ($6,000 × 3)
Depreciation ($2,500 × 3) $7,500
Insurance ($1,200 × 3) $3,600
Total Fixed marketing expenses $29,100
Budgeted marketing expense
for the fourth quarter $29,496
b. Estimated cash payment for marketing expenses for the fourth quarter = Budgeted marketing expense for the fourth quarter - Depreciation
= $29,496 - $$7500
= $21,996
Merging and milking brands are examples of creating brand extensions.
Brand extension refers to the process in which a firm markets a new product by using its established brand names. It is a way to take advantage of the company’s already established brand equity to increase the market and reach of the new product.
The assumption is that consumer loyalty, familiarity, brand popularity and reputation of the producer will ensure that the product is readily integrated into the market. Product extension can further help in expanding the reach of the product to new markets and consumer base, and increase overall profit margins as a result.
To learn more about brand extensions: brainly.com/question/13949619
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Answer:
The correct entries would as follows:
Dr Organization/legal fees(3000*$4.5) $13,500
Cr Common stock($1*3000) $3,000
Cr paid in capital in excess of par($4.5-$1)*3000)) $10,500
Explanation:
The total cost incurred has increased to $13,500 since the stock needs to be recorded at its fair value on the date of the agreement and the approximate fair value is the market price.
As a result,legal fees expenses is debited with $13,500 while the common stock account is credited with par value of $1 per share and the excess over par value of $3.5 is credited to paid in capital in excess of par.
