True or False:

A person who is a good employee of a multinational company means that he is fit to be an entrepreneur. TRUE or FALSE

scoundrel [369]

I believe it’s true but I could be wrong

3 0

2 years ago

Walt Bach Company has accumulated the following budget data for the year 2019.

mrs_skeptik [129]

Answer:

Walt Bach Company

a) Schedule of Cost of Goods Sold

Direct materials = $400,000 (2*$5*40,000)

Direct labor = 960,000 (1.5*$16*40,000)

Manufacturing overhead = 360,000 ($6*60,000)

Total cost of goods sold = $1,720,000

b) Budgeted Income Statement for 2013

Sales Revenue $2,200,000

Cost of goods sold (1,720,000)

Gross profit $480,000

Selling and admin. exp. 200,000

Income before tax $280,000

Income tax (30%) (84,000)

Net income $196,000

Explanation:

a) Budget Data and Calculations:

Sales: 40,000 units, unit selling price $55, Revenue = $2,200,000

Cost of one unit of finished goods:

Direct materials 2 pounds at $5 per pound = $400,000 (2*$5*40,000)

Direct labor 1.5 hours at $16 per hour = $960,000 (1.5*$16*40,000)

Manufacturing overhead $6 per direct labor hour = $360,000 ($6*60,000)

Inventories (raw materials only):

Beginning, 10,000 pounds;

Ending, 15,000 pounds.

Selling and administrative expenses: $200,000.

Income taxes: 30% of income before income taxes.

6 0

3 years ago

A firm has the following gross requirements for Item OF. Ordering costs are $60 per order and carrying costs are $0.50 per perio

aleksley [76]

Answer:

c. 120

Explanation:

The economic order quantity is the minimum amount of inventory that a seller must keep to demand and lower the holding cost. The formula for Economic order quantity is represented by the formula:

EOQ = $\sqrt{\frac{2*Demand*Ordering Cost}{Holding cost} }$

EOQ = $\sqrt{\frac{2*240*60}{0.5} }$

EOQ = 120

5 0

3 years ago

he Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the u

Elodia [21]

Answer:

1. Total estimated direct labor cost = $148,800

2. Total estimated manufacturing overhead cost = $410,880

3. Total Cash disbursement for the fiscal year = $254,880

Explanation:

Please see attached detailed explanation of the above questions and answers.

8 0

2 years ago

ABC Company’s budgeted sales for June, July, and August are 14,800, 18,800, and 16,800 units, respectively. ABC requires 30% of

aleksandr82 [10.1K]

Answer:

The number of units to be produced in June and July is 16,000 units and $18,200 respectively

Explanation:

The computations are shown below:

Number of units produced in June

= Sale units + ending inventory units - beginning inventory units

where,

Sale units is 14,800 units

Ending inventory units = 18,800 units × 30% = 5,640 units

Beginning inventory units = 4,440 units

Now put these units to the above formula

So, the units would equal to

= 14,800 units + 5,640 units - 4,440 units

= 16,000 units

Number of units produced in June

= Sale units + ending inventory units - beginning inventory units

where,

Sale units is 18,800

Ending inventory units = 16,800 units × 30% = 5,040 units

Beginning inventory units = 18,800 units × 30% = 5,640 units

Now put these units to the above formula

So, the units would equal to

= 18,800 units + 5,040 units - 5,640 units

= 18,200 units

5 0

3 years ago