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Vlad [161]
3 years ago
10

Preparation of cash budget Sam and Suzy Sizeman need to prepare a cash budget for the last quarter of 2013 to make sure they can

cover their expenditures during the period. Sam and Suzy have been preparing budgets for the past several years and have been able to establish specific percentages for most of their cash outflows. These percentages are based on their take-home pay (that is, monthly utilities normally run 5% of monthly take-home pay). The information in the following table can be used to create their fourth-quarter budget for 2013.IncomeMonthly take-home pay $4,900ExpensesHousing 30%Utilities 5%Food 10%Transportation 7%Medical/dental .5%Clothing for October and November 3%Clothing for December $440Property taxes (November only) 11.5%Appliances 1%Personal care 2%Entertainment for October and November 6%Entertainment for December $1,500Savings 7.5%Other 5%Excess cash 4.5%a. Prepare a quarterly cash budget for Sam and Suzy covering the months Octoberthrough December 2013.b. Are there individual months that incur a deficit?c. What is the cumulative cash surplus or deficit by the end of December 2013?

Business
1 answer:
Alenkasestr [34]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Answer:

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Explanation:

In deciding whether Cool Systems should make or buy the switch , we calculate the relevant applicable to  both situations,then compare t see which option saves costs.

The cost of making the switch is calculated thus:

Direct materials per unit      $5

Direct labor                           $3

Variable overhead                <u>$6</u>

Total relevant cost               <u> $14</u>    

The cost of purchasing the switch from another supplier is $15

From the above analysis, it is preferable to make the switch in-house as that option saves $1($15-$14) per switch.

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3 years ago
Over the last century, U.S. real GDP per person grew at a rate of about...
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The terms of a partnership agreement provide that one of the partners is to receive a salary allowance of $30,000, plus a bonus
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Answer:

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2 years ago
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Answer:

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

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Explanation:

Beckronski Company

                              Units ​                    Transferred- in Costs

                                            Direct Mat       Conversion Costs      WIP ​inventory

March 1                  240 ​         $33,600           0 ​                            $18,000 ​

<u>Percent complete                    ​100% ​              0% ​                         62.5%</u>

Equivalent Units                     240                     -                          150                                            

Transferred in

<u> March                 400                                                                                    </u>

Equivalent Units                          400                    400                   400

Mar 31  WIP ​inventory,  200

<u>​*Percent complete                       ​100%           ​0% ​                         80%       </u>

Equivalent Units                         400                    -                        320

Weighted Average Cost Method = Beg. Inv Equiv. Units + Units Transferred in Less Ending Inventory Equivalent Units

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

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0+ 400-0= 400

Work In Process Equivalent Unit Weighted Average Cost Method=

150+ 400-320= 230

Costs added in March ​              $52,000            ​$13,200 ​        $48,600

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