1 point

1. Production and DM budgets: Stolen Horse, Inc. manufactures and distributes toy dinosaurs throughout the Western United States

Yanka [14]

Answer:

Check the explanation

Explanation:

RAW MATERIAL PURCHASE BUDGET

July Aug Sep Total

Budgeted

Production units 64,000 97,200 1,05,200 2,66,400 79,200

RM required per unit 4 4 4 4 4

Total

RM requirement 2,56,000 3,88,800 4,20,800 10,65,600 3,16,800

Add: Desired

Ending Inventory 1,55,520 1,68,320 1,26,720 1,26,720

Total needs 4,11,520 5,57,120 5,47,520 11,92,320

Less: Beginning

Inventory 96,000 1,55,520 1,68,320 96,000

Purchase Units 3,15,520 4,01,600 3,79,200 10,96,320

Kindly check the attached image below to see the well arranged accounting entry.

6 0

3 years ago

When do diminishing marginal returns occur<br><br><br> Please help!!!!!!!

krek1111 [17]

Answer:

Diminishing Marginal Returns occur when increasing one unit of production, whilst holding other factors constant – results in lower levels of output. In other words, production starts to become less efficient. For example, a worker may produce 100 units per hour for 40 hours.

Explanation:

8 0

3 years ago

What is the price of a stock today if it pays a Dividend TODAY of $2. Its growth rate is 5%, and its market return is 12%?

Nutka1998 [239]

Answer:

$30.00

Explanation:

The price of the stock can be derived from the stock theoretical price formula given and explained below:

stock price=expected dividend/(market return-growth rate)

expected dividend=dividend paid today*(1+growth rate)

expected dividend=$2*(1+5%)

expected dividend=$2.10

market rate of return=12%

growth rate=5%

stock price=$2.10/(12%-5%)

stock price=$2.10/7%

stock price=$30.00

8 0

3 years ago

Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of

vova2212 [387]

Answer and Explanation:

1. The computation of overhead rate based on direct labor cost is shown below:-

Overhead rate = Overhead applied × 100 ÷ Direct labor cost

= 888 × 100 ÷ 1,200

= 74%

2. The Preparation of job-order cost sheet for the four jobs is shown below:

Particulars Job 86 Job 87 Job 88 Job 89

Beginning balance $6,888 $6,820

Direct materials $3,000 $7,000 $2,100 $1,500

Direct labor $800 $6,000 $900 $500

Applied overhead

is 74% of direct labor $592 $4,440 $666 $370

Total $11,280 $24,260 $3,666 $2,370

3. The computation of ending balances of Work in Process and Finished Goods is shown below:-

Work in process of Job 88 = $3,666

Finished goods = Total of Job 86 + Total of Job 89

= $11,280 + $2,370

= $13,650

4. The computation of the Cost of Goods Sold for March is shown below:-

Cost of goods sold is

= Job 87

= $24,260

7 0

3 years ago

Shaw Company sells goods that cost $300,000 to Ricard Company for $410,000 on January 2, 2017. The sales price includes an insta

arlik [135]

Answer:

Explanation:

a. The journal entries are shown below:

Accounts receivable A/c Dr $410,000

To Sales revenue A/c $370,000

To Unearned service revenue A/c $40,000

(Being the sale is recorded)

Cost of goods sold A/c Dr $300,000

To Merchandise inventory A/c $300,000

(Being inventory is sold at cost)

b. The recognized revenue would be

Sales revenue $370,000

Service revenue $20,000

Total revenue $390,000

The service revenue would be

= $40,000 × 3 months ÷ 6 months

= $20,000

And, the 3 months is computed from January 2 to March 31

5 0

3 years ago