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RoseWind [281]
2 years ago
5

Flagstaff Company has budgeted production units of 8,000 for July and 8,200 for August. The direct materials requirement per uni

t is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 25% of the units budgeted in the following month. There was 6,000 ounces of direct material in inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.20 per ounce, is:____________
A) $28,800.
B) $28,980.
C) $21,600.
D) $28,620.
E) $36,180.
Business
1 answer:
Nezavi [6.7K]2 years ago
4 0

Answer:B) $28,980.

Explanation:

Beginning inventory is 6,000 ounces

Closing inventory  = 8,200 × 3 ounces × 25%   = 6,150ounces

 Budgeted production  = 8,000 × 3 ounces=24,000

Direct material to be purchased  = Closing inventory + Budgeted production - Beginning inventory= 29,400 ounces

Direct material to be purchased  = 6,150ounces +24,000-  6,000 ounces

= 24,150 ounces

Now,For $1.20 per pounce, it would be

= 24,150 ounces × $1.20

= $28,980.

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Answer:

For Jerry, the opportunity cost of building a fence is not making 2 dishes.

Explanation:

The opportunity cost refers to the benefit you lose when you choose one option over another one. In this case, the opportunity cost for Jerry when he decides to build fences is that he won't be able to make dishes. So, as he can build 7 fences or make 14 dishes in a day, the opportunity cost of building a fence is that he won't be able to make 2 dishes.

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3 years ago
Last year Harrington Inc. had sales of $325,000 and a net income of $19,000, and its year-end assets were $250,000. The firm's t
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Answer:

8.94%

Explanation:

Firstly, we will need to find total equity and total debt of Harrington Inc inorder to apply the Dupont equation for getting ROE

Harrington's total debt = 15.00 % × $250,000

= $37,500

Harrington's total equity will be; applying accounting equation

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= 19,000/325,000 × 325,000 /250,000 × 250,000/212,500

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3 years ago
A gardener has three herb beds she wishes to plant in a design that consists of three equilateral triangles laid out in such a w
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3 years ago
Helena Fogarty, the CEO and founder of Mi Ola, states "You have to make decisions….Blowing it is waiting too long to have things
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Answer:

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3 years ago
Pam works for a corporation that recently fired three top managers who were caught using the company credit cards to lavishly fu
jeka57 [31]

Answer:

D) visibly punish unethical acts

Explanation:

Ethics is the act of knowing what ia right and doing same. That is a good ethical act.

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