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leonid [27]
3 years ago
7

Pasadena Candle Inc. budgeted production of 730,000 candles for the January. Wax is required to produce a candle. Assume 11 ounc

es of wax is required for each candle. The estimated January 1 wax inventory is 17,400 pounds. The desired January 31 wax inventory is 12,900 pounds. If candle wax costs $1.40 per pound, determine the direct materials purchases budget for January. (One pound
Business
1 answer:
Temka [501]3 years ago
4 0

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

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Allstar Exposure designs and sells advertising services to small, relatively unknown companies. Last month, Allstar had sales co
Aloiza [94]

Answer: The answer is Net income $180,000

Explanation:

All star Exposure

Monthly income Statement

$ $

Sales. 475,000

Less: Expenses

Sales commission 42,000

Technology cost 71,000

Research & Development cost 140,000

Selling Expenses 12,000

Administrative Expenses 30,000

---------------------

(295,000)

---------------------

Net income. 180,000

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The All star income statement has no line item for cost of good sold because cost of good sold is a direct cost incurred by All star Exposure on the goods sold. it does not appear as part of the expenses in the income statement.

5 0
3 years ago
The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided a total of
goblinko [34]

Answer:

Retail Division  = $480,000

Commercial Division = $125,000

Explanation:

<u>Divisional income from operations for the Retail Division and the Commercial Division</u>

                                                    Retail Division     Commercial Division

Sales                                               $2,150,000              $1,200,000

Cost of goods sold                        ($1,300,000)             ($800,000)

Controllable Contribution                $850,000                 $400,000

Less Expenses

Selling expenses                            ($150,000)                 ($175,000)

Allocated Central Costs                 ($220,000)                ($100,000)

Net Income before tax                    $480,000                  $125,000

Calculations :

Allocation of Central Costs :

Retail Division (2,750/ 4,000 ×  $320,000) = $220,000

Retail Division (1,250/ 4,000 ×  $320,000) = $100,000

4 0
3 years ago
In the first couple of decades of the 20th century, most people
melisa1 [442]
There was a rise in human population.
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3 years ago
Suppose a perfectly competitive firm is producing 37 units output, and the marginal cost of the 37th unit is $3. If the firm can
sesenic [268]

Answer:

C) increase production.

Explanation:

Competitive firms maximize their accounting profits when marginal revenue (MR) = marginal cost (MC).

In a perfectly competitive market, all the producers and the consumers are price takers, so they cannot change the price of the goods. So changing the sales price is not possible. Since the marginal revenue is greater than the marginal cost, the firm should increase its production output until MR = MC.

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3 years ago
A company incurred the following costs associated with the purchase of a piece of land that it will use to re-build an office bu
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Answer:

$582,100

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Cost of land                  $570,000

Less;Salvage parts sold ($23,000)

Demolition of old building   $33,000

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Total cost of land                       $582,100

The ground breaking ceremony expenses are not capital expenditures therefore ignored in above working.

4 0
3 years ago
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