All categories

3 years ago

Flexible Budgeting

Business

1 answer:

Ghella [55]3 years ago

3 0

Answer and Explanation:

The calculation is given below:

Fabricating department

The budgeted cost is

= $9,280 ÷ 640 hours × 600 hours + $2,300

= $8,700 + $2,300

= $11,000

Grinding department

= $159,600 ÷ 7,600 hours × 9,500 hours + $56,000

= $199,500 + $56,000

= $255,500

In this way the budgeted cost should be determined

You might be interested in

Chaz Denver Company has identified that the cost of a new computer will be $40,000, but with the use of the new computer, net in

saveliy_v [14]

Answer:

D: 5 years

Explanation:

Cash payback period calculates the amount of years it takes for the amount invested in a project/ product / equipment to be recouped from revenue.

The cost of the computer is $40,000

Net income increases by $ 5,000 yearly

Depreciation expense is $3,000 yearly

Revenue = $5000 +$3000=$8,000

Pay back period = $40,000 / $8000 = 5 years

I hope my answer helps you.

7 0

3 years ago

Spending that is required by law is known as

iren [92.7K]

Answer:

expansionary spending

4 0

3 years ago

Read 2 more answers

The problem of determining what goods and services society should produce: would not exist if government owned all of the resour

kenny6666 [7]

Answer:

exists because there are not enough resources to provide all of the goods and services that people want.

Explanation:

Factors of production can be defined as the fundamental building blocks used by individuals or business firms for the manufacturing of finished goods and services in order to meet the unending needs and requirements of their customers.

The four factors of production are;

I. Land: this refers to the natural resources and raw materials extracted from the ground or grown in the soil e.g oil, gold, rubber, cocoa, etc.

II. Labor (working): this is the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.

III. Capital resources: it includes the physical assets used for production of goods and services such as equipment, money, plant, etc.

IV. Entrepreneurship: it is intellectual capacity required to drive a business and the skills to develop an idea into a money making venture (business).

These four (4) factors of production when combined effectively and efficiently are used for the manufacturing or production of goods and services that meets the unending requirements or needs of the consumers.

However, the problem of determining what goods and services society should produce in order to meet the unending requirements or needs (demands) of consumers, exists because there are not enough resources such as the factors of production to provide all of the goods and services that consumers want.

4 0

3 years ago

The Thunder Dan's Corporation's purchases from suppliers in a quarter are equal to 65 percent of the next quarter's forecasted s

stealth61 [152]

Answer:

Total disbursement for Q2 $579,43‬

Explanation:

We will assume the sales are purchase are uniform during the year.

therefore days 1-30 sales are paid within the quarter

and day 31 to 90 are paid the next quarter:

Q1:

Purchase for Q2 x 65% = 660 x 65% = 429

Q2:

dividends = 60 dollars

wages taxes and other 660 x 16% = 105.6‬

<u>payment to suppliers</u>

remainder of next quarter:

660 x 65% x 2/3 =286

payment of this quarter purchase:

590 x 65% x 1/3 = 383,5 x 1/3 = 127,83

Total disbursements:

60 + 105.6 + 286 + 127.83 = 579,43‬

5 0

4 years ago

Sanford Co. sells $500,000 of 10% bonds on March 1, 2020. The bonds pay interest on September 1 and March 1. The due date of the

Ilya [14]

Answer:

Sanford Co.

Bond Amortization Schedule

Period PV PMT Interest FV

1 $468,951.03 $25,000.00 $28,137.06 $472,088.09

2 $472,088.09 $25,000.00 $28,325.29 $475,413.38

Year #1 end

3 $475,413.38 $25,000.00 $28,524.80 $478,938.18

4 $478,938.18 $25,000.00 $28,736.29 $482,674.47

Year #2 end

5 $482,674.47 $25,000.00 $28,960.47 $486,634.94

6 $486,634.94 $25,000.00 $29,198.10 $490,833.04

Year #3 end

7 $490,833.04 $25,000.00 $29,449.98 $495,283.02

8 $495,283.02 $25,000.00 $29,716.98 $500,000.00

Year #4 end

Explanation:

a) Data and Calculations:

Face value of bonds = $500,000

Proceeds from bonds = $468,951

Bonds Discounts = $31.049

Coupon interest rate = 10%

Effective interest rate = 12%

N (# of periods) 8

I/Y (Interest per year) 12

PMT (Periodic Payment) 25000

FV (Future Value) 500000

Results

PV = $-468,951.03

Sum of all periodic payments $200,000.00

Total Interest $231,048.97

8 0

3 years ago