Business, 18.11.2019 19:31, SoccerHalo
Morganton company makes one product and it provided the following information to prepare the master budget: 1. the budgeted selling price per unit is $60. budgeted unit sales for june, july, august, and september are 8,600, 17,000, 19,000, and 20,000 units, respectively. all sales are on credit.2. thirty percent of credit sales are collected in the month of the sale and 70% in the following month.3. the ending finished goods inventory equals 25% of the following month’s unit sales.4. the ending raw materials inventory equals 10% of the following month’s raw materials production needs. each unit of finished goods requires 5 pounds of raw materials. the raw materials cost $2.40 per pound.5. thirty five percent of raw materials purchases are paid for in the month of purchase and 65% in the following month.6. the direct labor wage rate is $14 per hour. each unit of finished goods requires two direct labor-hours.7. the variable selling and administrative expense per unit sold is $1.80. the fixed selling and administrative expense per month is $67,000.8. what is the estimated accounts payable balance at the end of july? 9. what is the estimated raw materials inventory balance at the end of july? 10. what is the total estimated direct labor cost for july assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? 11. if we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is $6 per direct labor-hour, what is the estimated unit product cost? 12. what is the estimated finished goods inventory balance at the end of july? 13. what is the estimated cost of goods sold and gross margin for july? 14. what is the estimated total selling and administrative expense for july? 15. what is the estimated net operating income for july?
Answers: 3
Business, 22.06.2019 00:20, brainbean
Suppose that the world price of steel is $100 a ton, india does not trade internationally, and the equilibrium price of steel in india is $60 a ton. suppose that india now begins to trade internationally. the price of steel in india the quantity of steel produced in india a. does not change; does not change b. falls; increases c. falls; decreases d. rises; decreases e. rises; increases the quantity of steel bought by india india steel. a. increases; exports b. decreases; imports c. decreases; exports d. does not change; neither imports nor exports e. increases; imports
Answers: 2
Business, 22.06.2019 15:40, aroman4511
Rachel died in 2014 and her executor is finalizing her estate tax return. the executor has determined that rachel’s adjusted gross estate is $10,120,000 and that her estate is entitled to a charitable deduction in the amount of $500,000. using 2014 rates, calculate the estate tax liability for rachel’s estate.
Answers: 1
Morganton company makes one product and it provided the following information to prepare the master...
Mathematics, 10.12.2020 19:30
Mathematics, 10.12.2020 19:30
Mathematics, 10.12.2020 19:30
Mathematics, 10.12.2020 19:30