Answer:
Instructions are below.
Explanation:
Giving the following information:
The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 3,600 units.
<u>We weren't provided with enough information to solve the problem. But, I will leave the formula and a small example to guide an answer.</u>
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Purchases= sales + desired ending inventory - beginning inventory
For example:
Sales 2nd Quarter= 27,000 units
Sales 3rd Quarter= 45,000 units
Production budget (in units):
Sales= 27,000
Desired ending inventory= (45,000*0.20)= 9,000
Beginning inventory= (3,600)
Total= 32,400 units
Answer:
Answer is option B $68.70
Total overhead costs
Assembling products (918000/54000)*3000.......510,000
Preparing batches (397440/2484)*1026.............164160
Product support (1134000/3780)*1188.............. 356400
Total overhead costs............................................ 1030560
Unit overhead cost = total overhead costs / number of units = 1030560/15000 = 68.70
Explanation:
Donna independently owns and operates Punkin's Pies, a small business with about 30 employees. She is happy with the size of her business and the average profits it generates. From this scenario, Donna's business can be considered an entrepreneurial venture - False.
<u>Explanation:</u>
A person starting a new business with limited amount of resources and plans is called an Entrepreneur. He is the person who takes responsibilities for the risk and rewards that are associated with that business. The idea of the business must be unique and it should focus only on newer products.
A small business and an entrepreneurial ventures differs from each other although they have similar roles. A small business generally deals with a familiar and an product and services that are already established. The persons of small business usually have risks that are already known. In an entrepreneurial venture, only new products and unknown risks are present.
