Which of the following statements about high-LPC leaders is most likely true?

8. The TS Company has budgeted sales for the year as follows: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Sales in units 10,000 12,0

Finger [1]

Answer:

Results are below.

Explanation:

First, we need to determine the production budget using the following formula:

Production= sales + desired ending inventory - beginning inventory

Quarter 1:

Production= 10,000 + (0.25*12,000) - 2,500

Production= 10,500

Quarter 2:

Production= 12,000 + (0.25*14,000) - 3,000

Production= 12,500

Quarter 3:

Production= 14,000 + (0.25*16,000) - 3,500

Production= 14,500

Quarter 4:

Production= 16,000 - 4,000

Production= 12,000

Now, the direct material purchase budget:

Purchases= production + desired ending inventory - beginning inventory

Quarter 1:

Purchase= 10,500*4 + (12,500*0.1) - 4,200

Purchase= 39,050 pounds

Quarter 2:

Purchase= 12,500*4 + (14,500*0.1) - 1,250

Purchase= 50,200 pounds

Quarter 3:

Purchase= 14,500*4 + (12,000*0.1) - 1,450

Purchase= 57,750 pounds

Quarter 4:

Purchase= 12,000*4 - 1,200

Purchase= 46,800 pounds

3 0

3 years ago

Hache Corporation uses the weighted-average method in its process costing system. Data concerning the first processing departmen

Greeley [361]

Answer:

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797

Explanation:

Calculation of Equivalent Units of Production

Materials

Units transferred to the next department (5,800 × 100%) = 5,800

Units in ending Work In process (1,850 × 50%) = 925

Total Equivalent Units of Production for Materials = 6,725

Conversion

Units transferred to the next department (5,800 × 100%) = 5,800

Units in ending Work In process (1,850 × 20%) = 370

Total Equivalent Units of Production for Conversion Costs = 6,170

Calculation of Cost per Equivalent units of Production

Materials

Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials

= ($ 8,700 + $ 91,000) ÷ 6,725

= $14.825

Cost per equivalent unit = Total Material Cost ÷ Total Equivalent Units of Production for Materials

= ($ 8,500 + $ 126,300) ÷ 6,170

= $21.848

Calculation of cost of ending work in process inventory

Materials ( 925 × $14.825) = $13,713.12

Conversion Cost ( 370 × $21.848) = $8,083.76

Total = $21,796.88

Thus,

The cost of ending work in process inventory in the first processing department according to the company's cost system is closest to: d) $21,797.

5 0

3 years ago

Saxbury Corporation's relevant range of activity is 3,000 units to 7,000 units. When it produces and sells 4,100 units, its aver

Lina20 [59]

Answer:

$63,140

Explanation:

For computing the total amount of product cost first we have to find out the total product cost per unit which is shown below

Direct material cost per unit + Direct labor cost per unit + Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit.

= $6.70 + $3.40 + $1.50 + $3.80

= $15.40

Now the

Product cost is

= units produced × cost per unit

= 4,100 units × $15.40

= $63,140

We simply applied the above formulas

4 0

3 years ago

What is the last step of planing?

Andrej [43]

Answer:

The last step in planning process is the implementation part. The planning should be put into action so that business objectives may be achieved. The implementation will require establishment of policies, procedures, standards and budgets.

7 0

3 years ago

Mountain Products has decided to raise $6 million via a rights offering. The company will issue one right for each share of stoc

Scorpion4ik [409]

Answer:

Value of one right = $2.63

Explanation:

A right issue is the issue of additional new shares to existing shareholders in proportion to their existing shareholdings at a price less than the current market price.

The value of rights is the difference between the theoretical ex-right price and the right price .

Value of rights= Theoretical ex-right price - Right price

The theoretical ex-right price is the price at which a share is expected to settle after the right issue assuming all the rights are taken

Theoretical ex-rights price = Total value of shares after right issue/Number of shares after right issues

1 unit of old share at $25.25 = $25.25

I unit of right share at $20.00= $20.00

Total value of 2 shares $ 45.25

Theoretical ex-rights price = 45.25/2 =$22.63

Theoretical ex-rights price=$22.63

Value of rights= Theoretical ex-right price - Right price

= 22.63 - 20.00

Value of one right = $2.63

6 0

3 years ago