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3 years ago

The production budgets are used to prepare which of the following budgets?

Business

1 answer:

romanna [79]3 years ago

5 0

Answer:

b. direct materials purchases, direct labor cost, and factory overhead cost

Explanation:

The production budgets is the budget used for determining the number of units of a product to be manufactured. The production budget captures the estimates of the total production cost and includes elements such as direct materials purchases, direct labor cost, and factory overhead cost.

Operating expenses are expenses incurred during the ordinary course of business outside the manufacturing process.

Sales in unit and dollars are determined by the company's projection and ambition.

The sales estimates determined the production budget considering also the safety stock or closing inventory.

Hence, the right option is b. direct materials purchases, direct labor cost, and factory overhead cost.

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Severance pay plans grant employees weekly benefits in addition to state unemployment compensation. True

Yanka [14]

Answer:

False

Explanation:

In simple words, Severance pay can be understood as a salary and/or incentives given to an individual by a company after the job is over. In order to help an individual obtain a new job, severance arrangements can include additional rewards, such as life care and observer ship support.

Thus, the weekly benefits are not included in this and the above statement is incorrect.

4 0

3 years ago

Category specialists are also called category ______ because of their ability to offer a complete assortment in a category at so

Mademuasel [1]

Answer:

are also called Category Killers

Explanation:

Category killers are retailers that diligently executes deep product assessment within a given category through selection, pricing, and market penetration.

8 0

3 years ago

Billie transferred her 20 percent interest to Jean Company as part of a complete liquidation of the company. In the exchange, sh

7nadin3 [17]

Answer:

A) $200,000 loss recognized by Jean and a basis in the land of $200,000 to Billie

Explanation:

The computation is shown below:

For loss recognized, the amount would be

= Land basis - fair value of land

= $400,000 - $200,000

= $200,000

And, the basis in the land should be equal to the fair value of the land i.e $200,000

Hence, the correct option is A

By dividing the fair value from the land basis we can get the loss recognized

3 0

3 years ago

The Pak-It-Your-Way Company makes custom packaging of all kinds. The firm has evolved into a big business due to quality and inn

lozanna [386]

Answer:

Social Audit

Explanation:

The Pak-It-Way Company makes custom packaging of all kinds . The firm has evolved into a big business due to quality and innovative work . Recently , top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and also to list negative occurrences that supervisors observed . Top management is essentially conducting a social audit.

Social audit is an audit to examine how an organisation is behaving or working for its employees , society and environment.

Social audit helps in encouraging the participation of the community , it also helps in encouraging the local democracy, it promotes the decision making and helps in developing the human resources.

Social audit has wide coverage , it is evaluated very systematically , it is always conducted in a regular period of time , it measures the social performance of the organisation towards its employees society and the environment. But social audit is difficult to conduct.

8 0

3 years ago

Marley Company has the following information for March: Sales $912,000 Variable cost of goods sold 474,000 Fixed manufacturing c

Shkiper50 [21]

Answer:

Manufacturing Margin: Manufacturing margin Is the difference between sales and the variable cost of good sold .

Contribution margin: The contribution margin is the amount which is derived from sales revenue, after subtracting the variable expenses. This amount contributes toward covering fixed expense and then towards profit for the period

Net income: Net Income u the income after deducting all the expense, from the gross Income. It is also termed as net profit or net earning

a. Computation of the manufacturing margin for the month of March:

Manufacturing margin = Net sales - Variable cost of goods sold

Manufacturing margin = $912,000 - $474,000

Manufacturing margin = $438,000

Thus, the manufacturing margin for the month of March is $438,000 .

b. Computation of the contribution margin for the month of March:

Contribution margin = Manufacturing margin - Variable selling

Contribution margin = $438,000 - $238,100

Contribution margin = $199,900

Thus, the contribution mar gm for the month of march is $199,900

c. Computation of the income from operations for the month of March:

Income from operations = Contribution margin - Fixed manufacturing costs - Fixed selling and administrative expenses

Income from operations =$199,900 - $82,000 - $54,700

Income from operations = $63,200

Thus, the income from operations for the month of March is $63,200.

6 0

3 years ago