What is the last step in planning your budget?

When they produce 20,000 units per month, Sanders Incorporated has variable costs of $392,000 and fixed costs of $242,000. If Sa

Lady_Fox [76]

Answer:

increased in budget = $98000

correct option is A $98000

Explanation:

given data

produce = 20,000 units per month

variable costs = $392,000

fixed costs = $242,000

increases production = 25,000 units

to find out

how much will they have to increase their budget

solution

we get here total cost or present budget that is

total cost = variable cost + fixed cost

total cost = $392000 + $242000

total cost = $634000

and

variable cost per unit will be here

variable cost per unit = $\frac{variable\ costs}{produce}$

variable cost per unit = $\frac{392000}{20000}$

variable cost per unit = 19.6

and

variable cost for increased production = increases production × variable cost per unit

variable cost for increased production = 25000 × 19.6

variable cost for increased production = 490000

and

total cost of increased production = fixed cost + variable cost for increased production

total cost of increased production = $242000 + $490000

total cost of increased production = $732000

and

increased in budget = $732000 - $634000

increased in budget = $98000

correct option is A $98000

6 0

3 years ago

Walmart sells a bike that cost $100 to a customer for $250 cash. using a perpetual inventory system, the entry to record the sal

hjlf

1. Using a perpetual inventory system, the entry to record the sale for Walmart includes a debit to the Cash account and a credit to the Sales Revenue account for $250.

2. The entry to record the cost of the sale under the perpetual inventory system includes a debit to the cost of goods sold and a credit to Inventory for $100.

<h3>What is the perpetual inventory system?</h3>

The perpetual inventory system can be differentiated from the periodic inventory system by the fact that perpetual inventory continuously updates the inventory value without relying on the physical inventory count.

Under this system, the cost of goods sold is debited and the inventory account is credited.

Learn more about the perpetual inventory system at brainly.com/question/25014592

3 0

2 years ago

Why are closing costs a one time fee?

mart [117]

The answer to this question is letter D. The closing costs cover titles, taxes, and realtor costs. After closing, the only monetary obligation is to the lending party.

Closing costs are fees paid at the closing of a real estate transaction. It is called the closing when the title to the property is conveyed to the buyer. Closing costs then are incurred by the buyer or the seller, either of the two.

5 0

3 years ago

name some differences between the requirements and responsibilities between volunteer,intern, and paid jobs

DIA [1.3K]

Answer:

The major difference between job shadowing and an internship is that you perform more duties as an intern than as a job shadow participant. Interns are hired for temporary positions, and they can be paid or unpaid. When you have. a job you are bing paid and normally have more responsibilities.

8 0

2 years ago

The economic definition of money is:_________

SVEN [57.7K]

Answer:

The correct answer is option A.

Explanation:

Money can be defined as an object that is widely used as a medium of exchange in economic transactions. The primary function of money is to act as a medium of exchange for goods and services.

Other than that money also performs a number of secondary functions. It acts as a store of value, unit of account and standard of deferred payments.

Money can be of different types such as commodity money, bank money, and fiat money.

5 0

3 years ago