<span>This long term care facility purchases at least 85% of its
food and supplies from one distributor and it’s an example of prime vending. A
prime vending is a type of purchasing that has gained acceptance and popularity
among restaurant and non-commercial buyers. It is also a service which people
or the workers do.</span>
Answer:
Direct material purchase budget = 546,000 pounds
Explanation:
<em>Raw material purchase budget is determined by adjusting the raw material usage budget for opening and closing inventory of materials.
</em>
Purchase budget = usage budgeted + closing inventory - opening inventory
Usage budget = Production budget × standard materials per unit
= 172,000 × 3 pounds= 516,000
Purchase budget =516,000 + 380,000 - 350,000=546,000
Direct material purchase budget = 546,000 pounds
The journal entry that can be used to record these transactions will be credit to finished goods of $67,000.
<h3>What is a journal entry?</h3>
A journal entry is simply used to record a business transaction in the accounting records of a business.
Since the company transferred $70,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $76,000, the journal entry that can be used to record these transactions will be credit to finished goods of $67,000.
Learn more about journal entry on:
brainly.com/question/14279491
Cross-Functional Team.
Cross-functional teams are collections of employees from many departments within a business, such as marketing, product, sales, and customer success. These can be working groups where each participant is a part of both their functional team and the cross-functional team, or they can be the main organisational structure.
Because of the rising demand from customers for a consistent, highly personalised, hands-on customer experience, cross-functional teams are becoming more and more common. Cross-functional teams can be advantageous in the following ways:
1. greater cooperation between functional domains
2. greater innovation in processes and products
3. lower cycle times for important consumer touchpoints
To know more about cross functional team-
brainly.com/question/13369885
#SPJ4
Answer:
The ending balance of Allowance for Bad Debts account is $800
Explanation:
The computation of the ending balance of allowance for bad debt is shown below:
= Credit sales × uncollectible rate
= $40,000 × 2%
= $800
The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.
However, the other information which is given in the question is not relevant. Hence, ignored it
