Answer:
1. Option c is correct option.
2. Option b is correct option.
Explanation:
Part 1. Direct material budget is prepared for estimating the quantity of raw materials to be purchased. Following is the formula used for the computation of direct material budget:
D. Raw Material required to be purchased = Raw Material required for production + Desired closing Raw material for the last year - Opening Raw Material
Part 2. The desired ending raw material inventory for the last period.
And this is evident from the formula in the part 1 which tells that the desired closing raw material is that of the last year.
Engages in ' Corporate Social Responsibly' the money they earn will be given back to society
For example: a shoe factory allows its customer to buy a pair of shoes so the money goes to society the needy. There is trust between the company and customer and the money benefits society
<span>The Menendez family has a net income of $4,500. The chart shows their cost-of-living percentages. How much do they spend on transportation?</span>
Answer:
Correct answer is letter B, $2,200
Explanation:
Using accrual basis method, revenue and expenses will be recognized when incurred.
The $4,800 is a 24 months policy, therefore we must compute the insurance expense applicable for the year covering from February 1 to December 31 (11 months)
An adjusting entry to recognize the expire portion of the insurance must be done at the year end in the amount of $2,200.
($4,800 / 24 months = $200 x 11 months = $2,200)
