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2 years ago

11

Steve Wilson is given a $200 budget to prepare a five-course meal. If the main course costs $80 to prepare, what fraction of the

budget was used for the main course?

1 answer:

posledela2 years ago

5 0

I think the answer is 2/5.

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Sleep master, inc. manufactures bedding sets. the budgeted production is for 57,000 comforters in 2013. each comforter requires

pentagon [3]

Answer:

Total Material cost = $507,000

Explanation:

Material budget shows the total budgeted material cost for a specific period.

Sleep master, inc.

Direct Material Budget

December 31, 2013

Budgeted production units 57,000

<u>yards required per comforter × 6</u>

Materials needed for production = 342,000 yards

<u>Add: Ending Material Inventory = 27,000 yards</u>

Total Material units required = 369,000 yards

<u>Less: Beginning Materials = (31,000) yards</u>

Material used = 338,000 yards

<u>Cost per yard × $1.50</u>

Total Material cost = $507,000

5 0

3 years ago

Darlene Company had checks outstanding totaling $5,400 on its June bank reconciliation. In July, Darlene Company issued checks t

Pie

Answer:

b. $18,000

Explanation:

The computation of outstanding checks is shown below:-

Outstanding checks as of the end of July = Start with outstanding checks as of June + Amount of checks issued in July - Amount of checks that cleared in July

= $5,400 + $38,900 - $26,300

= $44,300 - $26,300

= $18,000

Note, The $300 check was issued by a customer, not Darlene.

So, for computing the outstanding checks as of the end of July we simply applied the above formula.

4 0

3 years ago

Assuming no fixed costs are avoidable in the short run, a perfectly competitive firm's short-run supply curve is A. the portio

Crazy boy [7]

Answer:

C. the portion of its marginal cost curve that lies above its average variable cost curve.

Explanation:

It follows the short-run supply curve of the firm is portion of its marginal cost curve which is above the average variable cost curve.

7 0

3 years ago

Harvey Automobiles uses a standard part in the manufacture of several of its trucks. The cost of producing 60,000 parts is $160,

Bas_tet [7]

Answer:

$55,000

Explanation:

The computation of the change in operating income is shown below:

= Buying cost - making cost

where,

Buying cost = Cost of producing parts × outside supplier per unit

= 60,000 parts × $3

= $180,000

And, the making cost would be

= Variable cost + fixed cost × given percentage

= $110,000 + $50,000 × 30%

= $110,000 + $15,000

= $125,000

So, the operating income would be

= $180,000 - $125,000

= $55,000

3 0

3 years ago

Static Budget Actual Units 5,000 5,100 Sales revenue $60,000 $58,650 Variable manufacturing costs $15,000 $16,320 Fixed manufact

Ipatiy [6.2K]

Answer:

$700 favorable

Explanation:

Calculation to determine what The total sales-volume variance for operating income for the month of July would be

First step is to calculate the of contribution per unit using this formula

Contribution Margin per unit

=Sales− Variable manufacturing costs−Variable marketing and administrative expense/units

Let plug in the formula

Contribution Margin per unit=$60,000−$15,000−$10,000/5,000units

Contribution Margin per unit=$7per unit

Now let calculate the total sales-volume variance using this formula

Total sales volume variance

= Actual units−Static Budget × Static contribution margin per unit

Let plug in the formula

Total sales volume variance=5,100units−5,000units×$7

Total sales volume variance=$700 favorable

Therefore The total sales-volume variance for operating income for the month of July would be

$700 favorable

3 0

2 years ago