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polet [3.4K]
3 years ago
5

Below is budgeted production and sales information for Flushing Company for the month of December. Product XXX Product ZZZ Estim

ated beginning inventory 28,500 units 18,500 units Desired ending inventory 35,100 units 14,900 units Region I, anticipated sales 335,000 units 274,000 units Region II, anticipated sales 200,000 units 141,000 units The unit selling price for product XXX is $7 and for product ZZZ is $16. Budgeted production for product XXX during the month is
Business
1 answer:
Jlenok [28]3 years ago
7 0

Answer:

541,600

Explanation:

The computation of Budgeted production for product XXX during the month is shown below:-

Budgeted production for product XXX = Desired ending inventory + Region I, anticipated sales + Region II, anticipated sales - Estimated beginning inventory

= 35,100 + 335,000 + 200,000 - 28,500

= 570,100 - 28,500

= 541,600

So, for computing the Budgeted production for product XXX during the month we simply applied the above formula.

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Answer and Explanation:

The adjusting entries are shown below

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Wages expense Dr XXXXX

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(Being the accrued wages is recorded)

For recording this we debited the wages expense as it increased the expense and credited the wages payable as it also increased the liabilities

2. Accrued utilities expenses

Utilities expense Dr XXXXX

         To Account payable XXXXX

(Being the accrued utilities expense is recorded)

For recording this we debited the utility expense as it increased the expense and credited the account payable as it also increased the liabilities

3. For adjusting the unearned service revenue

Unearned service revenue Dr XXXXX

         To Service revenue XXXXX

(Being the unearned service revenue is recorded)

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7 0
3 years ago
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sergejj [24]

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6 0
3 years ago
Customers should not expect a company to keep their information confidential true or false
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5 0
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Company policy does not allow us to give cash refunds effectively explains why a writer's request must be refused.
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4 0
3 years ago
Lupe made a down payment of $2200 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a
BlackZzzverrR [31]

Answer:

Cash price of the car

= Down payment + A(1 - <u>(1+r/m)</u>-nm

                                            r/m

= $2,200 + $200(1-<u>(1+0.11/12</u>)-4x12

                                  0.11/12

= $2,200 + $200(1-<u>(1+0.0091666667</u>)-48

                                0.0091666667

= $2,200 + $200(1-(<u>1.009166666667</u>)-48

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Explanation:

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7 0
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