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denis23 [38]
3 years ago
6

For Goody Company, the budgeted cost for one unit of product is direct materials $10, direct labor $20, and manufacturing overhe

ad 80% of direct labor cost. If 25,000 units are expected to be sold at $65 each, what is the budgeted gross profit?
Business
1 answer:
dybincka [34]3 years ago
6 0

Answer:

$475,000

Explanation:

Direct materials (M) = $10 per unit

Direct labor (L) = $20 per unit

Manufacturing overhead (O) = 80% of L = 0.8 *$20 =$16 per unit

Selling Price (S) = $65 per unit

Units sold (N) = 25,000 units

The budgeted gross profit for 25,000 units is:

P = N*(S-(M+L+O))\\P=25,000*(\$65-(\$10+\$20+\$16))\\P=\$475,000

The budgetd gross profit for Goody Company is $475,000

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Actual volume: Actual fixed Cost:

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Explanation:

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The Assembly Department started the month with 25,100 units in its beginning work in process inventory. An additional 310,100 un
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Answer:

315,000 Transferred-out

Explanation:

25,100 beginning WIP

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Transferrred-out are the units that leave the process to another process or to finished goods inventory.

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4 years ago
Over the years Rianna paid $65,000 in premiums on a life insurance policy with a face value of $100,000. Upon reaching 65, while
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Answer:

$30,000 of taxable income

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The measurement problems that exist in the radar equipment are accuracy , reliability

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As the antenna points only one direction it can measure only the speed of those object that is either moving towards or away from the radar. It cannot sense the kind of object that it is measuring and it could not also tell the direction in which the object is travelling. Hence, the reliability and the accuracy are the main measurement problems.

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Answer:

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