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3 years ago

Which of the following listings correctly describes the order in which the four types of budgets must be prepared?

Business

1 answer:

professor190 [17]3 years ago

3 0

Answer:

b. Sales, production, direct materials purchases, cash disbursements.

Explanation:

First, you calculate your sales.

Then, the amount produced to fulfill your sales and desired inventory stocks

Based on your production, you can calculate the direct materials purchases

Lastly, with the combination of raw materials purchases, along with other information, you generate the cash disbursements budget

a.- you need to know the production to know how much direct materials do you need. INCORRECT

c.- you can't calculate how much will you pay for the direct materials without knowing how many direct materials are needed. INCORRECT

d.- you need to know the number of sales, to know how much to produce. Else you will be producing without knowing how much do you need. INCORRECT

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kondor19780726 [428]

Answer:

Explanation:

In Russia, the economy has gone from Stalin's five year Plans, directed by the Central Committee, or Gosplan, to Mikhail Gorbachev's Perestroika, in the 1980s. This led to increased ownership of property, which continued until Putin, Boris Yeltsin's successor, took power

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3 years ago

Read 2 more answers

On average, it can cost _____________________ and take _____________________ to discover a new drug, perform the necessary safet

tatuchka [14]

Answer:

$800 million; more than a decade

Explanation:

If a pharmaceutical firm decides to develop a new drug. On average, it can cost $800 million and take more than a decade to discover a new drug, perform the necessary safety tests, and bring the drug to market.

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3 years ago

Reliance Corporation sold 4,500 units of its product at a price of $20 per unit. Total variable cost per unit is $11.00, consist

BaLLatris [955]

Answer:

$40,500

Explanation:

A Companies Contribution Margin is a product's price minus all associated variable costs, this final value gives the products incremental profit earned for each unit sold. Therefore in this scenario, the Contribution Margin for the company is as follows

(4,500 * $20) - (4,500 * $11)

$90,000 - $49,500

$40,500

Therefore the final Contribution Margin for the company is $40,500 dollars.

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3 years ago

For Wilton Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $720,000 of factory labor cos

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Answer:

Amount of overhead debited to Work in Process Inventory is $364,000

Explanation:

Direct labor cost = Total labor cost - Indirect labor cost

Direct labor cost = $720,000 - $200,000 = $520,000

Overhead debited to Work in Process Inventory= 70% * Direct labor cost

=70% * $520,000

=$364,000

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3 years ago

n July 1, 2020, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,200,000. The county

Alexus [3.1K]

Answer:

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Dr Taxes receivable - current 4,200,000

Cr Allowance for uncollectible current taxes 84,000

Cr Revenues 4,116,000

Prepare a summary journal entry to record the collection of current taxes as of April 30.

Dr Cash 3,900,000

Cr Taxes receivable - current 3,900,000

Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties.

Dr Cash 57,800

Cr Taxes receivable - delinquent 53,000

Cr Interest and penalties receivable 4,800

Dr Deferred inflows of resources 57,800

Cr Revenue 57,800

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3 years ago