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adoni [48]
3 years ago
7

Miller and Sons' static budget for 9,500 units of production includes $44,100 for direct materials, $52,600 for direct labor, va

riable utilities of $6,200, and supervisor salaries of $15,700. A flexible budget for 13,900 units of production would show Round your final answer to the nearest dollar. Do not round interim calculations
Business
1 answer:
EastWind [94]3 years ago
6 0

Answer:

The correct answer to the following question is , direct material is equal to $64,525, direct labor is equal to $76,962, variable utility is equal to $9072 and supervisor salary is $15,700

Explanation:

Given information -

Budget for 9500 units of production, where

Direct material = $44,100

Direct labor = $52,600

Variable utilities = $6,200

Supervisor salaries which is a fixed cost is = $ 15,700

Calculating the direct material, direct labor and variable utilities when budget is of 13,900 units -

Direct material  = $44,100 x 13,900 / 9500

= $64,525 ( approximately )

Direct labor = $52,600 x 13,900 / 9500

=$ 76,962 (approximately )

Variable utilities = $6,200 x 13,900 / 9500

= $9072 (approximately )

Supervisor salaries is fixed cost = $15,700

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The following transactions occur for the Wolfpack Shoe Company during the month of June:
inessss [21]

Answer:

Please see the attached snapshots for the answers.

Explanation:

a.

Debit: Cash $30,000

Credit: Service Revenue $30,000

To record Service Revenue.

b.

Debit: Supplies $20,000

Credit: Accounts Payable $20,000

To record purchase of supplies on account.

c.

Debit: Salaries Expense $7,000

Credit: Cash $7,000

To record salaries Expense.

4 0
3 years ago
Some of the benefits that Robix gives to its CEO and other top executives as a way to attract and retain talented individuals in
egoroff_w [7]

Answer:

Perquisites

Explanation:

Perquisites are added benefits attached tonan office or a position in addition to normal salaries and wages. It includes both direct and indirect benefits that an employee enjoys in addition to his or her normal salary. It is also called Perks for short and can include houses, cars and so on. In this case, the perks are given to top executives members and they include country club membership, vacation policies and chauffeurs.

4 0
3 years ago
If a company receives $12,000 from the stockholders to establish a corporation, the effect on the accounting equation would be:_
Darina [25.2K]

Answer:

The correct answer is option A

Explanation:

A receipt of cash indicates an increase in cash which is an asset. When an asset increases, it is represented by a debit to that asset's account and the asset side of the accounting equation is also debited. Thus, a receipt of $12000 cash from stockholders will be represented by a debit or an increase to the asset account for $12000.

The other side of the transaction would be a credit to the equity for $12000 because the stockholders are the owners of the company and any capital invested by the owners in the company is represented by a credit to the equity account as the capital is credited when it increases. Thus, the effect on accounting equation will be an increase in the equity of $12000.

4 0
3 years ago
Courts have upheld the right of corporations to review the e-mail of employees who use company resources to send e-mail messages
Anna71 [15]

Answer:

Web brosers are not considered a company's resource.

Explanation:

The reasons behind this answer are that in the first place, the company does own the hardware or office equipment the employee uses to send the e-mails. Also, they own the time because they have the arrangement to acquire the employees' time and skills to develop certain tasks. Furthermore, the company's also own the software they paid for. However, web browsers are free to use and they don't require licenses to be used. Therefore, web browsers are not copay's resources.

7 0
3 years ago
Maxim Corp. has provided the following information about one of its products: Date Transaction Number of Units Cost per Unit 1/1
artcher [175]

Answer:

$48,000

Explanation:

The computation of ending inventory using average method is shown below

Total units = 200 + 400 + 100 = 700

Total cost = (200 × $140) + (400 × $160) + (100 × $200)

= $28,000 + $64,000 + $20,000

= $112,000

Average cost per unit = $112,000/700 = $160

Ending inventory = Total units - units sold

= 700 - 400

= 300

Therefore, cost of ending inventory = Ending inventory × Average cost per unit

= 300 units × $160

= $48,000

8 0
3 years ago
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