Company openness depends on the strength of the company’s grapevine. a. True b. False

MCO Leather Goods manufactures leather purses. Each purse requires 2 pounds of direct materials at a cost of $4 per pound and 0.

ruslelena [56]

Answer:

Direct Materials Purchases Budget Sept 51680 October 60160

Direct labor Budget September 54600 October 66150

Overhead Budget Sept $ 20920 October $23,230

Explanation:

The budgets are calculated in the following ways.

We multiply the required material , direct labor hour or variable overhead rate with the given number of units and then with the cost per unit to get the total costs.

MCO Leather Goods Manufacturers

Direct Materials

Purchases Budget

September October November

Production 5200 6300 6100

Pounds per units * 2 *2 *2

Total Pounds 10400 12600 12200

Cost per pound * $4 * $4 *$4

Total cost 41600 50400 48800

On hand

Inventory + 10080 + 9760 ---

Direct Materials

Purchases Budget 51680 60160

MCO Leather Goods Manufacturers

Direct Labor Budget

September October

Production 5200 6300

Hours required per unit * 0.7 *0.7

Total hours 3640 4410

Rate per hour * $15 *$15

Total labor Cost 54600 66150

MCO Leather Goods Manufacturers

Factory Overhead Budget

September October

Production 5200 6300

Hours required per unit * 0.7 * 0.7

Labor Hours 3640 4410

Variable OH * $3 *$3

Variable Costs $10920 $13230

Fixed OH + $10,000 +$10,000

Total OH $ 20920 $23,230

8 0

2 years ago

The area of accounting that serves the decision-making needs of internal users is referred to as (managerial/financial/research)

zepelin [54]

Answer: Managerial Accounting

Explanation:

Managerial accounting refers to the preparation of reports and analysis from the company's accounting information to enable managers decide the ways to go with a company.

This type of accounting is for internal use and so is not subject to the kind of scrutiny that financial accounting gets from accounting bodies such as IASB and the FASB.

An example would be the Supply Manager may ask for a report to be made showing them the increase in supply costs for the past decade from their preferred supplier to enable them make a decision on if to find a new supplier.

5 0

3 years ago

For each of the following transactions, identify it as a financial capital inflow or financial capital outflow in the United Sta

Alexxandr [17]

Answer: See explanation

Explanation:

The balance of payment show tge transactions that occur between a country and another country.

a. The U.S. exports cars to be sold in Canada.

This is a financial capital inflow and the transaction is in the current account.

b. Pepsi buys a factory in Mexico.

This is a financial capital outflow and the transaction is in the financial account.

c. A Brazilian company buys an apartment building in Boston.

This is a financial capital inflow and the transaction is in the current account.

d. The central bank of China purchases a U.S. Treasury Bond.

This is a financial capital inflow and the transaction is in the financial account.

e. A businessman is paid dividends on the stock from a foreign corporation that he owns.

This is a financial capital inflow and the transaction is in the financial account.

5 0

2 years ago

The ACogs-153 company has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 24,0

meriva

Answer:

$209,000

Explanation:

Schedule of Cost of goods manufactured

Particulars Amount

Direct materials $64,000

Direct labor cost $94,000

Manuf. overhead cost applied to WIP $68,000

Total manufacturing costs $226,000

Add: WIP Inventory, Beginning $24,000

Less: WIP Inventory, Ending $19,000

Cost of goods manufactured $231,000

Add: Beginning Finished goods $53,000

Less: Ending Finished goods $57,000

Unadjusted cost of goods sold $207,000

Add: Underapplied manuf. overhead $2,000 ($70,000-$68,000)

Adjusted cost of goods sold $209,000

4 0

2 years ago

When setting your schedule, it is sometimes necessary to tell people "No." Please select the best answer from the choices provid

erma4kov [3.2K]

The answer is true. In business, you have to prioritize what is the most important task to do for the day as this might affect your business. You have to choose which is the most to the least important things to do. The most important things come first especially if it has a big impact on your career.

8 0

3 years ago

Read 2 more answers