Answer:
696,325 Pounds
Explanation:
The computation of the direct material purchase budget is given below:
Here we assume that
one pound = 16 ounces
Now total wax needed is
= Production of Finished Goods × Pounds of wax needed for production
= 730,000 candles × 11 ÷ 16
= 501,875 pounds
Now
Total direct material purchased = (Total Wax needed + Ending Inventory, Jan.31 - opening inventory) × unit price
= (490,625 Pounds + 12,900 pounds - 17,400 pounds) × $1.40 per pound
= 696,325 Pounds
Answer:
The correct answer is diversify geographically.
Explanation:
Diversification is one of the strategies most used by companies when it comes to expanding their market horizon. In this sense, diversifying is synonymous with expansion, growth, investment and openness.
In general, companies that are committed to diversification seek new market niches or commercial possibilities. This may be motivated by several reasons, ranging from corporate growth opportunities to the implementation of internal restructuring plans.
Answer:
Explanation:
Rordan Corporation
Direct Labor Budget
1st Quarter
2nd Quarter
3rd Quarter
4th Quarter
Year
Required production in units:
1st Quarter = 8, 000
2nd Quarter = 6, 500
3rd Quarter = 7, 000
4th Quarter = 7, 500
Year = 29, 000
Direct labor time per unit (hours):
1st Quarter = 0.35
2nd Quarter = 0.35
3rd Quarter = 0.35
4th Quarter = 0.35
Total direct labor hours needed:
1st Quarter = 2, 800
2nd Quarter = 2, 275
3rd Quarter = 2, 450
4th Quarter = 2, 625
Year = 10, 150
Direct labor cost per unit:
1st Quarter = $12
2nd Quarter = $12
3rd Quarter = $12
4th Quarter = $12
Total direct labor cost:
1st Quarter = $12 x 2, 800 = $33, 600
2nd Quarter = $12 x 2, 275 = $27, 300
3rd Quarter = $12 x 2, 450 = $29, 400
4th Quarter = $12 x 2, 625 = $31, 500
Year = Q1 + Q2 + Q3 + Q4 = $121, 800
Answer:
Earnings per Share is $1.246 per share
Explanation:
Earnings per share (EPS) determines the company's earnings for the number of shares of its stocks. In the case where the EPS is high, then the investors would pay more for the shares of the company.
It is calculated by dividing the Net income after tax by the total number of outstanding common shares. In this question, we will first calculate Net income after tax, as we are provided Net Income before tax. Then we will calculate EPS.
ss
Net income after Tax = 747,600 x (1 - 0.3)
Net income after Tax = $523,320
Earnings per Share = Net Income after Tax / No. of outstanding common shares
Earnings per Share = 523,320 / 420,000
Earnings per Share = $1.246 per share
