1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nika2105 [10]
3 years ago
6

nformation to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $125

. Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively. All sales are on credit. Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 30% of the following month’s raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.00 per pound. Regarding raw materials purchases, 30% are paid for in the month of purchase and 70% in the following month. The direct labor wage rate is $25.00 per hour. Each unit of finished goods requires 3.0 direct labor-hours. The variable selling and administrative expense per unit sold is $3.40. The fixed selling and administrative expense per month is $80,000. The budgeted sales for May is closest to: Multiple Choice $950,000 $1,612,500 $1,312,500 $1,725,000
Business
1 answer:
Kaylis [27]3 years ago
3 0

Answer:

Budgeted sales May= $1,312,500

Explanation:

Giving the following information:

The budgeted selling price per unit is $125.

Budgeted unit sales for April, May, June, and July are 7,600, 10,500, 13,800, and 12,900 units, respectively.

<u>To calculate the budgeted sales, we need to multiply the selling price for the budgeted sales in units for the month.</u>

Budgeted sales May= 125*10,500

Budgeted sales May= $1,312,500

You might be interested in
Which of the following statements is false?
Paul [167]

Answer:

C

Explanation:

C. online retailing and in-store retailing experience similar rates of product return.

3 0
3 years ago
"scuba diving." marcy invented a new type of mask that was not subject to fogging for scuba divers and obtained a patent on it.
Angelina_Jolie [31]

Answer:

vvbggghhhhfgghjjhg

Explanation:

5 0
3 years ago
Mount Company incurred a total cost of $8,600 to produce 400 units of pulp. Each unit of pulp required 5 direct labor hours to c
Sophie [7]

Answer:

The correct answer is option (B).

Explanation:

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

Total cost = $8,600

Total units = 400 Units

Direct labor hour per unit = 5

Variable cost = $1.50

So, we can calculate the fixed cost by using following formula:

Fixed cost = Total cost - Total Direct labor cost

Where, Total direct labor cost = $1.50 × 5 × 400 = $3,000

By putting the value in the formula, we get

Fixed cost = $8,600 - $3,000

= $5,600

5 0
3 years ago
Match the following terms to their definitions: 1. privatization 2. restructuring 3. agent 4. leveraged buyouts 5. underpricing
RUDIKE [14]

Answer:

1) UNDERWRITE involves the act of taking on any risk that might be related with the issue of a new security.

2. BEST EFFORTS is the responsibility of sharing a security without transferring the risk associated with the new issue from the company to the investors.

3. UNDERWRITING SYNDICATE involves a group of investors formed to share the risk of a security offering.

4.UNDER PRICING is the process of setting the price of a new security slightly below the market value to ensure a receptive sale.

5. AFTERMARKET is a secondary market where securities are traded after its initial offering to the public.

6.AGENT is one who sells or places an asset for another party.

7. SHELF REGISTRATION permits large companies to file one comprehensive statement with the Securities and Exchange Commission (SEC) outlining their financial plans for the next two years.

8. LEVERAGE BUYOUT occurs when either management or another investment group borrows the needed cash to rebuy all traded shares from the shareholders.

9. RESTRUCTURING involves the divisions and products are sold and assets redeployed into better yielding areas.

10. PRIVATIZATION is a situation Investors that take a company public, the investment bankers sell companies previously owned by governments.

8 0
3 years ago
Suppose that the demand curve for compact disks is given by P = 600 – Q and that the supply curve is given by P = 0.5 Q, where Q
otez555 [7]

Answer: -0.5

Explanation:

From the information given,

Demand curve = P = 600 – Q

Supply curve = P = 0.5Q

Equilibrium = Qd = Qs

Therefore, 600 - Q = 0.5Q

600 = Q + 0.5Q

600 = 1.5Q

Q = 600/1.5

Q = 400

Since P = 600 - Q

P = 600 - 400

P = 200

Price elasticity will be:

= (dQ/dP) × (P/Q)

=(-1) × (200/400).

= -1 × 0.5

= -0.5

The price elasticity is -0.5

7 0
3 years ago
Other questions:
  • Q2. Clare works at the front desk of DESB. Between 10:30am and 11:00am, 10 students stop by to ask questions on average. It usua
    8·1 answer
  • ) Suppose I ask you to pick any four cards at random from a deck of 52, without replacement, and bet that if at least one of the
    10·1 answer
  • All of the following are stakeholders of a firm, except
    5·2 answers
  • Classifying Cash Flows Identify the type of cash flow activity for each of the following events (operating, investing, or financ
    13·1 answer
  • You are concerned with a steady decline in profits in your​ company, despite the fact that costs are not rising at an unreasonab
    8·1 answer
  • Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
    9·1 answer
  • The bullet points beneath a one-line mission statement often serve as A. value statements to show how the mission will be achiev
    5·2 answers
  • Law governing relations among governments and international organizations is referred to as _______,while law that applies to pr
    7·1 answer
  • Market failure associated with the free-rider problem is a result of.
    14·1 answer
  • A franchisee pays a sum of money to a franchisor called a _____ for the right to open a franchise.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!