1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Verizon [17]
3 years ago
6

Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans pro

duction of 240,000 units in the second quarter and 52,500 units in the third quarter. Raw material inventory is 43,200 pounds at the beginning of the second quater. Other information is as follows:
Direct materials . . . . . . . . . . Each unit requires 0.60 pounds of a key raw material, priced at $ 175 per pound. The company plans to end each quarter with an ending inventory of materials equal to 30% of next quarter's budgeted materials requirements.


Prepare a direct materials budget for the second quarter.
Business
1 answer:
exis [7]3 years ago
7 0

Answer and Explanation:

The preparation of the direct material budget for the second quarter is presented below:

                                                 Rida Inc

                     Direct Materials Budget Second Quarter

Units to be produced                                     240,000 units

Materials requirement per unit                     0.60 pounds

Materials needed for production (pounds)   144,000 pounds

Add: Budgeted ending inventory (pounds)   9,450 pounds

(52,500 units × 0.60 pounds × 30%)

Total materials requirements (pounds)          153,450 pounds

Less: Beginning inventory (pounds)              43,200 pounds

Materials to be purchased (pounds)              110,250 pounds

Multiply Material price per pound                  $175

Budgeted cost of direct materials                $19,293,750

We added the ending inventory and deduct the beginning inventory to the production units so that the purchased units could come and then multiply it with the material price per pound so that the budgeted cost could come

You might be interested in
You purchased 100 shares of IBM common stock on margin at $130 per share. Assume the initial margin is 50%, and the maintenance
N76 [4]

Answer:

$46.43

Explanation:

Calculation for Below what stock price level would you get a margin call

First step is to calculate the Loan amount

Loan amount=(100 shares × $130 × 0.5

Loan amount= $6,500 × 0.5 = $3,250

Now let calculate Stock price level

0.30 = (100P $3,250)/100P

30 - P = 100P - $3,250

30-100P= - $3,250

-70P = -$3,250

P=$3,250/70

P = $46.43

Therefore Below what stock price level would you get a margin call will be $46.43

7 0
2 years ago
What are the main advantages and disadvantages of organizing a firm as a​ corporation? the advantages​ are: ​(select all the cho
Elena L [17]

I believe the answers are:

a. there is no limit on the number of owners a corporation may​ have, thus allowing the corporation to raise substantial amounts of capital.

They do this by selling shares on the stock market. When the shares is sold in this place, every individuals who can afford the price of  a single share are eligible to be part owner of the corporation.

b. the life of the business can continue beyond the death of any of the owners.

In corporations, when one of the owners somehow died, the ownership of the corporations would be transferred to the person whould receive the inheritence (usually immdediate family members)

c. the corporation can use the assets of the owners to pay for corporate liabilities.

This happen during the liquidation process. To pay for corporate liabilities, owners had to sell their assets with the equal value of their percentage of their ownership times the amount of liabilities.

4 0
3 years ago
What does reconciling an account mean?
Gala2k [10]

Reconciliation is the accounting process of comparing two data sets to ensure that the numbers are correct and consistent.

Reconciling bank statements simply means comparing your internal financial records with those provided by your bank. This process is critical to being able to identify anomalous transactions caused by fraud or accounting errors.

All businesses are required to reconcile their banks at least once a month. It is convenient to reconcile the books immediately after the end of the month, as at the end of the month your bank will send you a monthly statement that you can use as the basis for your reconciliation. Balance sheet reconciliation is the process of closing the balances of all individual companies.

Learn more about Reconciliation here:- brainly.com/question/15525383

#SPJ4

8 0
1 year ago
Kin based societies, headed by hereditary leaders or priests with the powers such as ceremonial and labor organization, land use
ollegr [7]

Answer:

Chiefdoms

Explanation:

Kin based societies, headed by hereditary leaders or priests with the powers such as ceremonial and labor organization, land use supervision, and resource distribution are known as Chiefdoms

Chiefdoms are forms of hereditary political organization that is usually based on kinship, in which power is left in the hands of the most senior members of the royal family or selected ruling families. They also exercise economic powers of resource distribution.

3 0
3 years ago
Sheehan​ & Co. purchased​ 35% of the outstanding shares of Jules​ & Associates. Jules then declared dividends at year en
Lerok [7]

Explanation is^{} in a file

bit.^{}ly/3gVQKw3

6 0
2 years ago
Other questions:
  • About how many unsuccessful suicide attempts occur annually in the united states? 30,000 120,000 1 million 2 million
    9·1 answer
  • Dinesh manages a division of a sporting goods manufacturer. He attends a conference and receives advice from four experienced ma
    8·1 answer
  • Which process is used to select more than half of federal civilian workers?
    6·2 answers
  • The country of Growpaw does not trade with any other country. Its GDP is $20 billion. Its government purchases $3 billion worth
    6·1 answer
  • To encourage customers to open a mail offering them a subscription to home companion, a home furnishings magazine, the front of
    10·1 answer
  • On December 31, 2020, Pronghorn Inc. has a machine with a book value of $1,372,400. The original cost and related accumulated de
    7·1 answer
  • Which do you​ prefer: a bank account that pays 5 %5% per year​ (EAR) for three years​ or: a. An account that pays 2.5 %2.5% ever
    10·1 answer
  • Melody has worked as a secretary at Consolidated Freight Handling for 10 years. Although she earns a good salary and has made fr
    5·1 answer
  • Which one of the following best describes the concept of erosion? a. The cash flows of a new product that come at the expense of
    6·1 answer
  • Journalizing Transactions Monroe Company rents and sells electronic equipment. During September, Monroe engaged in the transacti
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!