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Leto [7]
3 years ago
5

Culinary Enterprises manufactures cookware sets and sells the sets to department stores. Culinary expects to sell 2 comma 600 co

okware sets for $ 280.00 each in April and 3 comma 200 cookware sets for $ 295.00 each in May. Sales are 25​% cash and 75​% on account. Compute the total budgeted sales for May.
Business
1 answer:
Juli2301 [7.4K]3 years ago
4 0

Answer:

The Total Budgeted Sales of May is $944,000

Explanation:

Budgeted sales are those sales which a business estimated in a particular period of time. While budgeting the future value company calculated the sales cost and other expenses to minimize the uncertainty and prepare for the future.

As per given data

In May

Budgeted sales Volume = 3,200 cookwares

Budgeted price per unit = $295

Budgeted Sale value = Budgeted Volume x Budgeted Sales price = 3,200 cookwares x $295 = $944,000

Cash Sales  = $944,000 x 25% = $236,000

Credit Sales  = $944,000 x 75% = $708,000

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Morrow Corporation had only one job in process during May—Job X32Z—and had no finished goods inventory on May 1. Job X32Z was st
olga2289 [7]

Answer:

Cost of goods sold is $9,620

Explanation:

<em>First step prepare the Cost of Goods Manufactured Account</em>

Direct materials                               $ 9,100

Direct labor                                     $ 2,800

Manufacturing overhead applied  $ 4,800

Total Manufacturing Costs             $16,700

Add Opening Work In Process      $ 5,800

Less Closing Work In Process        $ 0

Cost of Goods Manufactured        $22,500

<em>Next we need to calculate the cost of goods sold as follows :</em>

Opening Finished Goods Inventory                $0

Add Cost of Goods Manufactured             $22,500

Less Closing Finished Goods Inventory    ($12,500)

Cost of goods sold                                       $10,000

Less Over-applied Overheads                         ($380)

Adjusted Cost of goods sold                        $9,620

Finished Goods Inventory = $22,500 × 100/180

                                           = $12,500

Thus Cost of goods sold is $9,620

4 0
3 years ago
Which revision eliminates the pronoun shift in the sentence below? if a student wishes to go on the field trip, they must bring
stealth61 [152]
Answer;
If a student wishes to go on the field trip, he or she must bring in a permission slip. 

Explanation; 
This is because a singular noun, student, should take a singular pronoun, and the subject must agree with the verb. That is; instead of using the noun student (singular noun) with the pronoun they (plural pronoun), one should use the pronouns he or she (singular pronoun)
3 0
2 years ago
Read 2 more answers
The choice of producing the component internally or purchasing the component externally is known as the
larisa86 [58]

The choice of producing the component internally or purchasing the component externally is known as the make or buy decision.

A manufacturing or purchasing decision is the act of choosing whether to manufacture the product in-house or from an external supplier.

Make-or-buy decision is the act of choosing whether to manufacture the product in-house or from an external supplier. Similar to outsourcing decisions, making or buying decisions require comparing the costs and benefits of producing in-house and buying elsewhere.

ABC Manufacturing Company has a contract to supply 6,000 units of MVP. This also requires his 6,000 units of MVP essential components. The estimated cost of manufacturing these 6,000 units of the required components is approximately $234,000.

Learn more about make or buy decision here:brainly.com/question/13781293

#SPJ4

4 0
1 year ago
Better Corp. completed the following transactions during Year 2: Purchased land for $5,000 cash. Acquired $25,000 cash from the
SpyIntel [72]

Transaction Analysis for Year 2 in the books of Better Corp.

1. Land $5,000 Cash $5,000

2. Cash $25,000 Common stock $25,000

3. Cash $75,000 Services Revenue $75,000

4. Operating expenses $42,000 Cash $42,000

5. Cash $10,000 Bank Note Payable $10,000

6. Dividends $5,000 Cash $5,000

7. No effect

Effect of Each Transaction on the Accounting Equation:

Transaction                   Accounting Equation

                     Assets         =        Liabilities    +   Stockholders Equity

1.    $5,000  -$5,000       =        $0               +     $0

2.                $25,000       =        $0                +    $25,000

3.                $75,000       =        $0                +    $75,000

4.              -$42,000       =         $0                +  -$42,000

5.               $10,000        =       $10,000        +    $0

6.               -$5,000        =        $0                 +  -$5,000

               $63,000         =      $10,000         +    $53,000

Thus, the accounting equation shows that assets are equal to liabilities and equity.

Learn more about the accounting equation at brainly.com/question/23920579

6 0
3 years ago
When attempting to determine human resource needs, HR managers prepare a(n) _____ providing details of all current employees, wh
Brut [27]

Answer: Inventory

Explanation:

The document prepared is known as a Human Resource Inventory ( Inventory for short) and is a very useful tool for analysis to human resource personnel.

In the inventory is contained the details of all current employees, which includes their educational level and abilities, their experience, age, gender, salary, special achievements and even preferred jobs.

From this inventory, certain deductions can be made such as deficits in the workforce.

8 0
3 years ago
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