Broker Janet just finished a direct e-mailing campaign. How should Janet follow-up on direct e-mail advertising?

Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,470 May 3,830 June 4,570 July

Ne4ueva [31]

Answer:

1. Production units for April 3,650 units

Production units for May 4,200 units

Production units for June 4,370 units

2. Budgeted cost of materials for April = $ 21,980

Budgeted cost of materials for April = $ 23,996

Explanation:

Computation of budgeted production units

April May June

Units Units Units

Ending Inventory - 50 % of next month 1,915 2,285 2,085

Add: Sales 3,470 3,830 4,570

Less: Opening Inventory-50% of current month ( 1,735) (1,915) (2,285)

Production units for the month 3,650 4,200 4,370

Computation of cost of materials

Units production 3,650 4,200 4,370

Material requirement per unit - 2 pounds

Total material requirement for production 7,300 8,400 8,740

Closing inventory-50% next month production 4,200 4,370

Opening inventory-50% of current production ( 3,650) (4,200)

Total material requirement for production 7,850 8,570

Cost per pound of direct material $ 2.80

Total direct material Budget $ 21,980 $ 23,996

4 0

3 years ago

All of the following are examples of a commodity except

elena55 [62]

The correct answer to this is B) a designer handbag. This is not a commodity. A commodity is anything that is considered a raw material.

3 0

3 years ago

Read 2 more answers

An automobile final assembly plant is being planned for an annual production of 150,000 cars. The plant will operate one shift,

Sergio [31]

Answer:

a. Rp= 10.0hr

b. Tc= 1052 workers

c. n= 421 workstations

Explanation:

(a) Rp= Da/250Hsh. Rearranging, Hsh= Da/250Rp= 150,000/250(60) = 10.0 hr

(b) Tc= 60E/Rp= 60(0.95)/60 = 0.95 minTs= Tc– Tr= 0.95 – 0.10 = 0.85 minw= Min Int 14.0(60)/0.85(0.94) = 1051.3 rounded up to 1052 workers

(c) n= w/M= 1052/2.5 = 421 workstations

3 0

3 years ago

Given Advanced Company's data, and the knowledge that the product is sold for $71 per unit and operating expenses are $300,000,

Kobotan [32]

Answer:

b) $113,000

Explanation:

For the computation of net income under absorption costing first we need to follow some steps which is shown below:-

variable overhead per unit = $105,000 ÷ 35,000

= $3 per unit

The Variable cost of production per unit

Particulars Amount

Direct material $19.00

Direct labor $21.00

Variable overhead $3.00

Variable cost of production

per unit $43.00

Cost per unit of finished goods under absorption costing

Particulars Amount

Total direct material cost $665,000

($19 × 35000)

Total direct labor $735,000

($21 × 35000)

Total variable overhead $105,000

Total fixed overhead $175,000

Total $1,680,000

Units in finished goods = Number of units produced - units sold

= 35,000 - 21,000

= 14,000

Cost of finished goods under variable costing

= Variable cost of production per unit × Number of units in finished goods

= $43 × 14,000

= $602,000

Cost of goods sold

= Production cost - Finished goods cost

= $1,680,000 - $602,000

= $1,078,000

Income statement under absorption costing

Particulars Amount

Sales revenue $1,491,000

($71 × 21,000)

Less: cost of goods sold -$1,078,000

Gross Profit $413,000

Less : operating expenses -$300,000

Net operating income $113,000

3 0

3 years ago

Determine whether each policy below is good or bad cash management; then identify the cash management strategy violated or follo

sertanlavr [38]

Answer: Please refer to Explanation.

Explanation:

a. The company regularly follows up with customers who pay late.

This is GOOD.

Cash Management Strategy - Collection of Accounts Receivables on time to maintain cash balance.

b. Excess cash is put into short-term investments to earn extra income.

This is GOOD.

Cash Management Strategy - Earning extra income on idle cash by investing in short-term liquid investments.

c. Cash receipts and cash payments are regularly planned and reviewed.

This is GOOD.

Cash Management Strategy - Cash Planning to establish a correct balance between payments and receipts.

d. Rarely used equipment is rented rather than purchased.

This is GOOD

Cash Management Strategy - Saving money by spending economically only when needed.

e. Bills are paid as soon as they are received.

This is BAD

Cash Management Strategy - Paying bills when due to ensure that operating cash balance is maintained at a healthy level.

If you need any clarification do comment.

Cheers.

6 0

3 years ago