Answer:
The budgeted variable overhead for May is $5,335
The budgeted variable overhead for June is $7,260
The budgeted fixed overhead for both May and June is $11,500 per month
Explanation:
First we have to determine how many tricycles does Becker Bikes expects to manufacture during May and June:
May:
beginning inventory May 180
expected sales May 520
ending inventory May 145
Becker is planning to manufacture 485 tricycles (= 520 + 145 -180)
June:
beginning inventory May 145
expected sales May 650
ending inventory May 155
Becker is planning to manufacture 660 tricycles (= 650 + 155 -145)
The budgeted variable overhead for May = 485 tricycles x $11 per tricycle = $5,335
The budgeted variable overhead for June = 660 tricycles x $11 per tricycle = $7,260
The fixed overhead for both May and June is $11,500 per month
The answer that best fits the blank space in the question is (A) city.
Infrastructure generally refers to <em>the essential facilities and systems that serve an area, which can apply to a city, country, or even smaller regions such as a village</em>.
Infrastructure does not only apply to physical structures such as roads and water supplies, but also to things such as educational programs and emergency services.
The current value of the mortgage will be given by:
A=P(1+r/100)^n
where:
P=$150,000
r=5%
n=16 years
therefore:
A=150000(1+5/100)^16
A=150000(1.05)^16
A=$201,014.35
If He wants to pay off his mortgage now, he needs $201,014.35
Answer:
August = $5, 472
September = $5,419
Explanation:
Shadee Corporation
Cash Receipt Budget
For the month of August & September
August September
Sales Volume 460 470
Price per unit 12 12
Total Sales $5,520 $5,640
60% Cash Sales $3,312 $3,384
Credit Sales:
54% collected in the month of sales
$1,192 $1,218
37% collected in the following month
$968 (1) $817
Total budgeted cash receipt
$5,472 $5,419
Note: (1)
37% of July's credit sale will be collected in the month of August. Therefore,
July's total sales = 545 × 12 = $6540
60% of them is cash = $3,924
Remaining is credit = $2,616
37% of credit sales = $2,616 × 37% = $968
