1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dmitry [639]
3 years ago
12

g The following facts are known: • The total pounds needed for production are 2 times the units to be produced. • The desired en

ding direct materials inventory is 20% of the total pounds needed for production. • The beginning direct materials inventory is equal in number to 10% of the units to be produced. • Cost per pound is $5. • Total cost of the direct materials purchases is $1,035,000. Prepare a direct materials budget for the period.
Business
1 answer:
OLEGan [10]3 years ago
8 0

Answer and Explanation:

The Preparation of direct material budget is shown below:-

                      Direct Material budget  

Particulars                            Amount              

Units to be produced          $90,000   Y

Material per unit                      2  

Total pounds needed for

production M                    $180,000 2Y

Add: Desired ending Direct

Material Inventory 20%    $36,000 (.2 × 2Y = .4Y)

Total Material requirement $216,000 (2.4Y )

Less: beginning Raw material

Inventory                             $9,000  (.1Y)

Material to be purchased

Account                             $207,000 (2.3Y)

Cost per pound C               $5

Total cost of direct Material

Purchases A                        $1,035,000  

2Y + .4Y - .1Y = $207,000

Y = $207,000 ÷ 2.3               $90,000

You might be interested in
Jamie is single. In 2021, she reported $104,000 of taxable income, including a long-term capital gain of $5,400. What is her gro
Vikentia [17]

For a $104,000 of taxable income, including a long-term capital gain of $5,400, her gross tax liability  is mathematically given as

T=$17479

<h3>What is her gross tax liability?</h3>

Generally, the $95000 will be charged with an ordinary tax rate

Capital gain of $5000  will be charged by 12% rate.

Therefore, Tax on $95000

Tx = 14605.50+ 24%*(95000 - 85526)

Tx= $16879.26

ForCapital gain

Cx= 12%*5000

Cx= $600

In conclusion, her gross tax liability

T= 16879.26 + 600

T=$17479

Read more about Arithmetic

brainly.com/question/22568180

8 0
2 years ago
All companies operate in a broad ______-environment that is made up of six components, including political factors and technolog
Helen [10]

Answer:

The word that is underlined, that's the answer;<u> </u><u>Macro</u>

Explanation:

hope this helps.

4 0
2 years ago
Kumar Inc. uses a perpetual inventory system. At January 1, 2020, inventory was $214,000,000 at both cost and realizable value.
MAVERICK [17]

Answer:

A. Dr Cost of Goods Sold $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

B. Dr Loss Due to Market Decline of Inventory $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

Explanation:

A.Preparation of the necessary December 31 entry under the cost-of-goods-sold method

COST-OF-GOODS-SOLD METHOD

Dr Cost of Goods Sold $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

($286,000,000 - $265,000,000)

B.Preparation of the necessary December 31 entry under the Loss method

LOSS METHOD

Dr Loss Due to Market Decline of Inventory $21,000,000

Cr Allowance to Reduce Inventory to Market $21,000,000

($286,000,000 - $265,000,000)

7 0
3 years ago
Legislation requires that all non-salaried employees who work more than 40 hours a week be paid over-time for the week. This leg
egoroff_w [7]

This legislation is called the Fair Labor Standards Act.

This act gives rights to United States workers. Among these rights are child labor laws, the requirement of employers to pay overtime to workers who work over 40 hours per week and also sets a minimum wage that must be paid to employees.

5 0
3 years ago
Read 2 more answers
Ms. Pear owned 1,000 shares of YZ Corporation which she had purchased in Year 1 at a cost of $12 per share. In Year 3, she recei
Neko [114]

Answer:

$2,000

Explanation:

Ms. Pear invested $12,000 in 1,000 shares of YZ Corporation. After the dividends she received and the stock split, she ended with 2,400 shares. Since she sold 400 shares, it represents 16.67% of her total shares (= 400 / 2,400). To determine the basis for the 400 shares she sold all we need to do is multiply 16.67% x $12,000 (initial investment) = $2,000

7 0
3 years ago
Other questions:
  • In the production of textiles, women would gather and clean the fibers. Once these were complete, the next step would be to ____
    14·1 answer
  • The expected variable cost per unit for a proposed project is $8.48 and the expected fixed cost is $27,400. The cost estimates h
    11·1 answer
  • A company had beginning inventory of 8 units at a cost of $11 each on March 1. On March 2, it purchased 11 units at $10 each. On
    14·1 answer
  • BusCorp. wants to introduce a new procedure to improve how customer requests are handled. This change will require employees to
    5·1 answer
  • Assume that no correcting entries were made at 12/31/14, or 12/31/15. Ignoring income taxes, by how much will retained earnings
    14·1 answer
  • The common stock of Securetech Corporation consistently sells at a market price of 20 times earnings, i.e., at a p/e ratio of 20
    15·1 answer
  • Which one of the following statements correctly applies to a sole proprietorship?A. The business entity has an unlimited life.B.
    12·1 answer
  • Theodore and James decide to enter into an agreement with a firm in Europe allowing them to use the rights to their​ software, b
    8·1 answer
  • Wheeler Company can produce a product that incurs the following costs per unit: direct materials, $9.90; direct labor, $23.90, a
    7·2 answers
  • A customer asks about or expresses concern that the rogue vc-turbo has three cylinders. What are some ways to respond?.
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!