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Debora [2.8K]
3 years ago
11

Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 35,000 barrels of oil

for purchase in June for $90 per barrel. Direct labor budgeted in the chemical process was $240,000 for June. Factory overhead was budgeted at $400,000 during June. The inventories on June 1 were estimated to be: Oil $15,200 P1 8,300 P2 8,600 Work in process 12,900 The desired inventories on June 30 were: Oil $16,100 P1 9,400 P2 7,900 Work in process 13,500 Use the preceding information to prepare a cost of goods sold budget for June. For those boxes in which you must enter subtracted or negative numbers use a minus sign.
Business
1 answer:
alexgriva [62]3 years ago
5 0

Answer:

Befinning inventory           45,000

Add: Direct Materials        3,150,000

Labor                                    240,000

Overhead                             400,000

Avaialble for sale                 3,835,000

Less: Ending Inventory           46,900

Cost Of Goods Sold              3,788,100

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Article 2 of the Uniform Commercial Code simplified and streamlined commercial transactions involving the sale of goods. Which e
melisa1 [442]

Complete Question:

Article 2 of the Uniform Commercial Code simplified and streamlined commercial transactions involving the sale of goods. Which element of traditional contract law formation was modified or relaxed by the UCC?

a.         Requirement of consideration for contract modifications.

b.         Offers must have reasonably certain and definite terms to be valid.

c.          The terms of the acceptance must exactly match those of the offer (“mirror image rule”).

d.         All of the above.

Answer:

The element of traditional contract law formation that was modified or relaxed by the Uniform Commercial Code (UCC) is:

c.          The terms of the acceptance must exactly match those of the offer (“mirror image rule”).

Explanation:

The "mirror image rule" specifies that when a contract offer is accepted, the terms must be the same as those in the initial offer.  However, Article 2 of the UCC modified this "mirror image rule" by specifying that the offeree's acceptance is based on the offeror's terms unless otherwise specified by the offeree.  Any additional terms are regarded as some proposed additions and do not become part of the contract unless both parties are merchants.

8 0
3 years ago
A company has a selling price of $1,500 each for its printers. Each printer has a 2 year warranty that covers replacement of def
dlinn [17]

Answer:

$103,680

Explanation:

estimated warrant liablity 3% of unid sold at $144

24,000 x 3% x 144 = $103,680

This will be the expected warranty laiblity for the sales of the period, and also the warranty expense.

warranty expense 103,680

warranty liability               103,680

warranty liability    47,000

   inventory                          47,000

to record warranty services

(we use inventory because the company use replacement part, those par are represented in inventory account)

<u>Warrant liablity account</u>

beginning balance 26,000

warranty expense  103,680

warrant serviced    (47,000)

ending balance       82,680

3 0
3 years ago
When preparing for an emergency bioterrorism drill, the nurse instructs the drill volunteers that each biological agent requires
Oksanka [162]

Answer: Smallpox spreads rapidly and requires immediate isolation.

Explanation:

Smallpox is a highly contagious disease that can be fatal. Its symptoms are the appearance of pustules throughout the body, fever, headache, and body, among others.

The virus has an incubation period in which it is not contagious, but when pustules appear it is very contagious. The virus is spread by contact with sick patients through bodily fluids, contaminated items, and contaminated air under certain conditions.

Because the virus has a very high contagion rate, and there is no cure, in case a biochemical attack with the use of the smallpox virus, the safety protocol is to quickly isolate people who were exposed to prevent the virus from spreading.

<em>I hope this information can help you</em>

6 0
3 years ago
To whom can you provide customer transaction information to when they visit your store?
Ksenya-84 [330]

Answer:

E.

Explanation:

None of the above.

7 0
3 years ago
The months-of-supply for an item in inventory will always be ______ the days-of-supply for the identical item.
pshichka [43]

It can be deduced that the months-of-supply for an item will be less than the days-of-supply.

<h3>What is supply?</h3>

Supply simply means the quantity of goods and services that a supplier or producer is willing to sell at a particular time and a given price.

The months-of-supply for an item in inventory will always be less than the days-of-supply for the identical item.

In conclusion, the correct option is less than.

Learn more about supply on:

brainly.com/question/25843620

7 0
2 years ago
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