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Nikolay [14]
3 years ago
15

Bought goods for cash $100 to double entry system.

Business
1 answer:
aalyn [17]3 years ago
3 0
Purchases account is going to increase on the credit side and the cash account is going to decrease ( to be written on the credit side).
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Horten Sporting Goods Corporation makes two types of racquets, tennis and badminton. The company uses the same facility to make
Aneli [31]

Answer:

Horten Sporting Goods Corporation

                                    TR                BR

a. Cost per unit         $66.98        $62.08

b. Price of Badminton Racquets = $80.70

Explanation:

a) Data and Calculations:

                                   Tennis              Badminton

                                Racquets              Racquets

Units produced          70,000                 30,000

Direct costs:

Direct materials      $17.10 per unit      $14.80 per unit

Direct labor             33.50 per unit        23.10 per unit

Category       Estimated   Cost Driver                         Amount of Cost Driver

                          Cost                                                      TR         BR      Total

Unit level       $736,000 Number of inspection hrs   15,900  7,100  23,000

Batch level      353,800  Number of setups                     83       39        122

Product level   152,500  Number of TV commercials       4          1            5

Facility level   630,000   Number of machine hrs  30,600 39,400 70,000

Total           $1,872,300

Overhead Rates:

Inspection  = $32 ($736,000/23,000) per inspection hour

Equipment setup = $2,900 (353,800/122) per equipment setup

TV commercials = $30,500 ($152,500/5) per commercial

Depreciation = $9 ($630,000/70,000) per machine hour

Overhead Allocation:

                                                        TR                  BR                    Total

Inspection  = $32                     $508,800       $227,200       $736,000

                               ($32*15,900)           ($32*7,100)

Equipment setup = $2,900       240,700            113,100         353,800

                                ($2,900*83)            ($2,900*39)

TV commercials = $30,500      122,000            30,500          152,500

                               ($30,500 *4)            ($30,500 *1)

Depreciation = $9                    275,400          354,600         630,000

                              ($9 * 30,600)            ($9 * 39,400)    

Total allocated expenses   $1,146,900        $725,400     $1,872,300

Units produced                        70,000           30,000

Overhead cost per unit         $16.384           $24.18

Cost per unit:

                                    TR                BR

Direct materials        $17.10         $14.80

Direct labor               33.50           23.10

Overhead cost          16.38            24.18

Total cost per unit $66.98        $62.08

Cost of Badminton = $62.08

30% markup =              18.62

Price =                        $80.70

7 0
3 years ago
There are four general ways of making observations: (1) direct versus indirect, (2) overt versus covert, (3) structured versus u
torisob [31]

Answer:

False

Explanation:

7 0
3 years ago
Prove that F=Gm1m2/d2​
podryga [215]

Answer:

From the statement of Universal law of gravitation,

F ∝ m1 m2

F ∝ 1/d²

by combing above two equations we get,

F ∝ m1 m2/d²

F = G m1 m2/d²

HOPE THIS HELP!!

MARK IT AS BRAINLIEST!!!!

6 0
3 years ago
Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They
mart [117]

The question is incomplete. The complete Question is as follows,

Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget:

Units to be produced

October 4,500

November 4,750

December 5,200

Whistle Works sells each whistle for $12. It takes 3 ounces of metal to produce each whistle at a cost of $0.50 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs?

A) 4,500 ounces

B) 13,575 ounces

C) 13,425 ounces

D) 4,525 ounces

Answer:

Purchases = 13575 ounces

Option B is the correct answer

Explanation:

To calculate the purchases of material for October, we first need to calculate the inventory needed to produce the desired number of units in October along with the desired ending inventory and adjust it for the available opening inventory at start of October.

Material available at Start - October = 10% * 4500 units * 3 ounces per unit  Material available at Start - October = 1350 ounces

Material required at end - October = 10% * 4750 units * 3 ounces per unit

Material required at end - October = 1425 ounces

Material required to produce required units in October = 4500 * 3 = 13500

Production  =  Opening Inventory  +  Purchases  -  Closing Inventory

13500  =  1350  +  Purchases  -  1425

13500 + 1425 - 1350  =  Purchases

Purchases = 13575 ounces

4 0
3 years ago
Imagine a customer has a monthly income of $2,200, from which he spends $350 monthly on groceries. Further, imagine that $230 of
denpristay [2]

Answer: 65.71%

Explanation: Share of wallet is a percentage of expenditure a consumer makes on a kind of purchase that goes to a specific company. Unlike the literal wallet, which is the $2,200 the customer earns per month, this focuses on a product category, and how much of that goes to a particular company.

In this case the product category is groceries which a customer spends $350 on per month. The portion that goes to a particular company, which is the share of wallet for that specific product category, is $230 which goes to Ubuyrite. Ubuyrite's share can be calculated as follows:

Portion of the product category going to Ubuyrite = $230

Total portion spent on the product category = $350

∴\frac{230}{350} × 100

= 65,71%

3 0
3 years ago
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