Answer:
The answer is c. operating (master) budget.
Explanation:
Let re-visit to the definition of operating budget to justify why c. operating budget is the answer.
Operating budget is the budget for revenues and expenses for the future period, that is, it forecast how many level of activities and how much they will cost for income generating purpose in the forecast period.
As described in the question, the forecasting items falls among the expenses budgeting. Thus, c. operating (master) budget is the correct answer.
Answer:
The company pays $ 500 yearly fee to use Mega Tax Software which is record as fixed costs. Fixed costs do not differ with the variation in the manufacturing levels. Conversely, the fixed cost per unit declines as manufacturing increases, as the same fixed costs are extent over more units. Also the fixed costs per unit rises as the production decreases. Therefore when the production level increased from 300 units to 500 units, the fixed costs per unit reduced and since the variable cost per unit is the same at $ 10 per unit regardless of the levels of production, the total cost per return declines from $ 11.67 to $ 11.
Answer:
Explanation:
1. Kyoko gets a new video camera made in the United States: included in Consumption (C) account of the GDP
2.Jacques buys a bottle of Italian wine: included in Imports (M) account of the GDP because it is consumed in U.S soil but not produced there.
3.The state of Pennsylvania repaves highway PA 320, which goes through the center of Swarthmore: included in government purchases (G) account of the GDP because repaves are paid by the state of Pennsylvania.
4.Kyoko's father in Sweden orders a bottle of Vermont maple syrup from the producer's website: included in exports (X) account of the GDP because it produced in the U.S soil.
5. Jacques's employer upgrades all of its computer systems using U.S.-made parts: included in the Investment (I) account of the GDP because it is capital expenditure.
Answer:
Cash collected from customers =$574,000.
Explanation:
The cash collected ca be worked out using the formula below:
<em>Opening balance of account. receivable + sales on account - Closing balance of account receivable</em>
<em>Note that addition credit sales increases the amount in the receivable account.</em>
So we can apply this formula as follows:
112,000 + 560,000 - 98,000
= $574,000.
Cash collected from customers =$574,000.
Answer:
$530,000
Explanation:
Given that
Fixed manufacturing cost = 50000
Variable manufacturing cost = 12 per ton steel
Total number of steal produced = 40000
Recall that
Total manufacturing cost = Total fixed manufacturing cost + total variable manufacturing cost
Total variable manufacturing cost = variable cost per ton × output
= 40000 × 12
= 480,000
Therefore,
Total manufacturing cost = 50000 + 480000
= $ 530,000
Total manufacturing cost = $530,000
