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REY [17]
3 years ago
15

The Tobler Company has budgeted production for next year as follows: Quarter First Second Third Fourth Production in Units 10,00

0 12,000 16,000 14,000 Four kilograms of raw materials are required for each unit produced. At the start of the year, raw materials on hand total 4,000 kilograms. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. What would be the budgeted purchases of raw materials in the third quarter
Business
1 answer:
Paha777 [63]3 years ago
3 0

Answer:

The correct answer is 63,200 kg.

Explanation:

According to the scenario, the computation of the given data are as follows:

Raw material required for production = Production in units × req. raw material per unit

= 16,000 units × 4 kg

= 64,000 kg.

Beginning inventory = (64,000 kg) × 10%

= 6,400 kg

Ending inventory = ( 14,000 × 4 kg) × 10%

= 56,000 kg × 10%

= 5,600 kg

So, we can calculate the budgeted purchases of raw materials by using following formula:

Budgeted purchases of raw materials = Raw material required for production + Ending inventory  - Beginning inventory

= 64,000 kg + 5,600 kg - 6,400 kg

= 63,200 kg

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Answer:

Statement which doesn't describe a trail balance is: Option A: Proves that all transactions have been recorded.

Explanation:

A Trial balance lists the accounts and their balances. It is like an internal control made by the accountants to check general ledger's accuracy. It extracts the list of debit and credit balance from the ledger and adds them.  They should be equal else some error has been made. These errors might be human. It doesn't prove that company has recorded all its transactions.

So, all statements are correct describing trial balance except Option A.

7 0
4 years ago
An organization's climate is most likely to be shaped by the: (CSLO 1, CSLO 2) A. degree to which people feel valued. B. level o
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Answer:

A. degree to which people feel valued

Explanation:

The degree to which people feel valued is the answer that most closely determines or shapes an organization's climate.

If people feel valued in an organization, the general climate of it will be more positive, because workers will likely feel happy to work there.

The opposite happens if people do not feel valued: the climate of the organization will probably be negative.

5 0
3 years ago
A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume
Alinara [238K]

Answer:

Marginal Revenue Product=150

Marginal Resource Cost= 100

Explanation:

Marginal revenue product (MRP) is the change in total revenue that results from a unit change of some type of variable input.

Marginal Revenue Product= Revenue Change

/Additional Input

Marginal resource cost (MRC) is the change in total cost that results from a unit change of some type of variable input.

Marginal Resource Cost= Cost Change

/Additional Input

In this situation we must calculate the change of revenues (MRP) and cost (MRC) when we add a new vehicle.  

We are increasing our delivery fleet in 1 unit

First calculate the change in total revenue

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Marginal Revenue Product=$150/1=150

The Cost change is $100,

so Marginal Resource Cost= $100/1=100

3 0
3 years ago
Staff-level briefings are conducted by the supervisor to introduce co-workers, clarify tasks, define the scope of work, describe
jenyasd209 [6]

Answer:

A)TRUE

Explanation:

This type of briefings are normally conducted at the beginnig of an assignment and if it neccesary at any time that it is neccesary

Other kind of briefings are:

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4 0
3 years ago
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REY [17]

Answer: Putting the terms incorporate , estopped and a single to make a meaning it becomes as seen in the explanation below.

Explanation: The question should be fill in the bracket with the terms - incorporate, estopped and single.

So it becomes.

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3 0
3 years ago
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