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kramer
2 years ago
7

Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 639,000 units, estimated beginni

ng inventory is 101,000 units, and desired ending inventory is 82,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.52 per pound Material B 1.00 lb. per unit @ $2.30 per pound Material C 1.20 lb. per unit @ $0.84 per pound The dollar amount of material A used in production during the year is
Business
1 answer:
Margarita [4]2 years ago
3 0

Answer:

dollar value=$114452

Explanation:

We need to calculate the dollar value of material A needed during this year.

First step is to calculate how many units are necessary

Budgeted Sales= 639000 units

Ending inventory=82000 units

Beginning  Inventory= 101000 units

Production of the year= 620000 (639000+82000-101000)

Second step is to calculate how much of material A is required

620000 units*0,50lb/un= 310000lb

Finally, we need to convert lb to pounds/$

1lb=0,71 punds

310000lb*0,71=220100pounds

dollar value=220100*$0,52=114452

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Several factors affect a firm’s need for external funds. Evaluate the effect of each following factor and place a check next to
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Answer:

1.

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This will increase the need for external funds because with more funds going towards dividends, there will be less funds available to fund operations. The company will therefore be more probable of being in need of Additional funds.

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If the firm's inventory turnover increases, it means that the firm is taking longer to sell off inventory. This will mean that the company will have to invest more in working capital to maintain these inventory levels. This will lead to a higher probability of them needing additional funds.

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Even though they are paid after-tax, they still eat into the funds that the business can be able to set aside to fund operations. So when dividends are paid, the need for AFN increases as well.

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3 years ago
________ is characterized by a low degree of departmentalization, wide spans of control, authority centralized in a single perso
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Answer:

Simple Structure

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7 0
2 years ago
"Which of the following is a significant operation interface that distinguishes a service supply chain from a product supply cha
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3 years ago
On January 1, 2012, Knapp Corporation acquired machinery at a cost of $750,000. Knapp adopted the double-declining balance metho
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Answer:

B .) $54,857

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Depreciation rate using double reducing balance method is calculated as 10% divided by the number of years of useful life; this is then multiplied by 2. The depreciation is then calculated as the depreciation rate X  Net Book Value of the asset

The depreciation rate for the first year = 100%/10 * 2 = 20%

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The depreciation expense = 20% X $600,000 = $120,000

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2015

At the beginning of 2015, the method was changed to straight line method. In line with the International Standards of Accounting on change in accounting estimates (ISA 8), this change would be applied progressively i.e the remaining net book value would be divided over the remaining no of useful life to arrive at the year depreciation

As at the beginning of 2015, 3 years have passed. The remaining  no of useful life is 7 years and the NBV is $384,000 as seen in the computation of NBV at the end of 2014

Depreciation = $384,000/7 = $54,857

4 0
3 years ago
Economics Unit 5 Study Guide
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The Government agency and the organizations are the groups that are facilitated for the working by the government, privately or with government support.

<h3>What is Government agency?</h3>

The Government agency and the organizations are the groups that are operated either privately or by the government for the operation of the task.

The Government agency is defined as a public organization with the task to complete the work for the government.

The Government Contractor is a private business that works for the completion of the government work.

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2 years ago
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