о The production budget shows expected sales units are 248000. The required production units are 258000. What are the beginning and desired ending finished goods units, respectively? Beginning Units Ending Units 4000 14000 14000 10000 14000 4000 10000 14000
Q: ° The production budget shows expected sales units are 248000. The required production units are…
A: Step 1: In this question, the Correct option can be identified by calculating the change in…
Q: Required information [The following information applies to the questions displayed below.]…
A: To calculate the turnover the company will earn this year if it pursues the investment opportunity…
Q: The relevant range is O usually from zero to 100% of operating capacity. the range of activity in…
A: Due to its ability to define the parameters that certain cost behaviors are presumed to stay…
Q: Rita is a self-employed taxpayer who turns 39 years old at the end of the year (2023). In 2023, her…
A: Let's delve into a more detailed explanation of how Rita, as a self-employed individual, can…
Q: Multiple Choice Bad Debts Expense Allowance for Doubtful Accounts Accounts Receivable Bad Debts…
A: Step 1: It is estimated that the uncollectible accounts receivable using the ages of accounts…
Q: For a business that uses the allowance method of accounting for uncollectible receivables:…
A: The objective of the question is to journalize the entries for a business that uses the allowance…
Q: The breakeven is 2000 units. The selling price is $16 per unit, the variable cost is $7 per unit.…
A: The objective of the question is to calculate the fixed costs given the breakeven point, selling…
Q: During the month of July, Clanton Industries Issued a check in the amount of $923 to a supplier on…
A: The goal of preparing a bank reconciliation is to confirm that the bank's balance and the company's…
Q: As thorough as you can be please. I want to actually understand it
A: The objective of the question is to perform a horizontal analysis of the income statement of Lockey…
Q: Goodman, Pinkman, and White formed a partnership on January 1, 2023, and made capital contributions…
A: The objective of the question is to calculate the amount of interest attributed to Goodman in the…
Q: Daley Company prepared the following aging of receivables analysis at December 31. Accounts…
A: Step 1:Answer A.Computation of the estimated balance of allowance for doubtful accounts using aging…
Q: Please fast answer.
A: To calculate Sombrero Corporation's excess foreign tax credit, we first need to determine the…
Q: Question: John Wilson, the owner of a fast-food restaurant, estimated that he can sell 1,000…
A: Let's break down the analysis in more detail. 1. Cost Analysis: - Renting More Automated Equipment:…
Q: am.111.
A: Step 1: Method for calculating incremental income from further processingTo find the incremental…
Q: The following scenario relates to questions 16-20. Jeffrey died on 11 January 2023. At death his…
A: The objective of the question is to calculate the amount of inheritance tax that would have been…
Q: EcoMart establishes a $1,600 petty cash fund on May 2. On May 30, the fund shows $628 in cash along…
A: Step 1:The required journal entries related to petty cash fund are presented…
Q: What is depreciation, how is it calculated and how does it relate to the matching principle of…
A: (A) Depreciation and its Calculation:Definition: Depreciation is the systematic allocation of the…
Q: [The following information applies to the questions displayed below.] One Product Corporation (OPC)…
A: Answer image:
Q: That portion of the share capital which cannot be called - up except on the winding up is known as…
A: <p>In order to answer this question, we first need to understand what each of the given terms…
Q: Give me step by step answer with explanation
A: Step 1: Determine the type of lease. In the lessee's perspective, you can use the OWNES criteria to…
Q: Journalize the entries to record the following: use correct journal format- no grid necessary March…
A: The objective of the question is to record the journal entries for the establishment and…
Q: 3 Choose a public-listed company that applies Balanced Scorecards (BSC) as a form of performance…
A: Businesses utilize the Balanced Scorecard (BSC), a strategic performance management tool, to assess…
Q: Bird Wing Bedding can lease an asset for four years with payments of $26,000 due at the beginning of…
A: Step 1:
Q: please answer in text form and in proper format answer with must explanation , calculation for each…
A: Step 1: Determine the net cash flows for each year. This is already given in the problem Net Cash…
Q: Meman
A: Units in Ending InventoryUnits stored in basement1500Add: Units in the van, FOB destination170Units…
Q: Help me please asap. Don't use any AI, it's strictly prohibited. Thank you);
A: Explanation: The cost per equivalent unit for conversion can be calculated by dividing the total…
Q: Assignment Content APPLICATION 5 - Internal Controls for Fraud Prevention (Webinar) 1. Watch the…
A: Internal controls are a crucial line of defense for any organization against fraud. They are…
Q: need
A: CCC = Days' Sales in Account Receivable (DSO) + Days' Sales in Inventory (DSI) − Days' Payable…
Q: please fill out this chart
A: Answer information:Step 1:(1) ACTIVITY RATESACTIVITYBUDGETED COSTALLOCATION BASEBUDGETED ACTIVITY…
Q: MacKenzie Company sold $480 of merchandise to a customer who used a Regional Bank credit card.…
A: Step 1:The journal entry to record the sale transaction is presented hereunder:Account Titles and…
Q: At the beginning of the month, the accounts receivable subsidiary ledger showed balances for Apple…
A: Step 1: Definition of Subsidiary Ledgers:Subsidiary ledgers are ledgers that support a control…
Q: Multiple Choice $17,567 $13,037. $18,887 $18,982 O $23,687
A: The above answer can be explained as under - The adjusted cash balance can be calculated as -…
Q: A coffee shop has an expansion project with a cost of $50,000, the expected income is $7,500 per…
A: The objective of the question is to calculate the Benefit-Cost Ratio (BCR) for the expansion project…
Q: All sales are made on credit. Based on past experience, the company estimates 2.0% of ending…
A: Step 1:Computation of the estimated uncollectible receivables based on the percent of receivables…
Q: Please do not give solution in image format thanku
A: Step 1: Calculate Sales Revenue - Sales revenue is calculated by multiplying the average unit sales…
Q: Gourmet Inc. issued $24 million of $1 par preferred stock on February 1, 2018. The company issued 1…
A: Requirement b. What is the journal entry when the firm issued the preferred shares?Explanation:The…
Q: Sale of Equipment Equipment was acquired at the beginning of the year at a cost of $562,500. The…
A: Step 1: Calculation of depreciation expense.Using straight line method of depreciation,Depreciation…
Q: Biz Tech Inc. is currently purchasing a standard part for $50 per unit which is used for…
A: The objective of the question is to determine the change in differential costs if Biz Tech Inc.…
Q: Research on a new laptop case indicates that the product can be sold for $40 per unit. Cost analysis…
A: The revenue function can be calculated by multiplying the selling price per unit by the number of…
Q: At the end of the current year, Accounts Receivable has a balance of $700,000; the Allowance for…
A: Aging of receivables method estimates the uncollectible accounts based on the period these…
Q: Give me step by step solution and explanation.vi
A: The objective of this question is to calculate the revenue and spending variances for Via Gelato for…
Q: None
A: To compute the loss as a result of the fire, we need to find the cost of the damaged inventory and…
Q: please fill out these charts with the data provided
A: Step 1: Plantwide Overhead Rate Plantwide Overhead Rate = Overhead cost/Direct labor hoursPlantwide…
Q: help
A: Answer information:Step 1:Q1.1.For the mobile devices department, a departmental income…
Q: Consider the following two mutually exclusive projects: Year - 0 (A)-347,000 (B) 49,500 1-A) -…
A: Payback period: The payback period is the amount of time that must pass before the initial…
Q: income statement information for Sadie Company as follows: Line Item Description Amount Sales…
A: Step 1: The gross profit percentage is calculated as follows:- Gross Profit Percentage = Gross…
Q: How does it get the 4000 weight average number of share?
A: The objective of the question is to understand how the weighted average number of shares, which is…
Q: To what account is total net pay credited? cash…
A: The objective of the question is to identify the account to which the total net pay is credited in…
Q: 1
A: Answer:a. Prepare journal entries in the proprietary accounts for the events described above.Part…
Q: A3
A: The objective of the question is to calculate the consumer surplus at the equilibrium price.…
Step by step
Solved in 2 steps
- ° The production budget shows expected sales units are 248000. The required production units are 258000. What are the beginning and desired ending finished goods units, respectively? Beginning Units Ending Units 4000 14000 14000 10000 14000 4000 10000 14000The production budget shows expected unit sales of 37000. Beginning finished goods units are 3600. Required production units are 37600. What is the desired number of units in ending finished goods? a. 3000 b. 5700 c. 4200 d. 3600Current Attempt in Progress Sheffield Corp. has 11000 units in beginning finished goods. The sales budget shows expected sales to be 32000 units. If the production budget shows that 37000 units are required for production, what was the desired ending finished goods? O 6000. 16000. O 21000. O 11000.
- Waterway Industries has 11000 units in beginning finished goods. The sales budget shows expected sales of 35500 units. If the production budget shows that 43000 units required for production, what is the desired ending finished goods inventory in units? 011000. O24500. O 3500. 18500.If a company plans to sell 40000 units of product but sells 60000 units, the most appropriate comparison of the cost data associated with the sales will be by a budget based on O 60000 units of activity. O40000 units of activity. O the original planned level of activity. O 50000 units of activity.The production budget shows that expected sales units are 47500. The total required units are 54000. What are the required production units? a. 9750 b. 13000 c. 6500 d. Cannot be determined from the data provided
- If the expected sales volume for the current period is 7,000 units, the desired ending inventory is 400 units, and the beginning inventory is 400 units, the number of units set forth in the production budget, representing total production for the current period, is оо a. 7,100 units b. 7,000 units c. 6,700 units d. 7,400 unitsCost Accounting The following budget is prepared by the Production manager for the last quarter of 2021:Units Total CostOctober 7500 530000November 6000 440000December 5000 380000 1. What is the variable cost per unit? ______2. How much is the fixed cost? ______3. What is the estimated budget for 6500 units?______In the production budget, total required production units is equal to the expected sales units plus a. beginning finished goods units. b. desired ending finished goods units plus beginning finished goods units. c. desired ending finished goods units. d. desired ending finished goods units minus beginning finished goods units.
- The direct materials budget shows the following: Units to be produced 5000 Direct materials pounds required for production 19500 Direct materials pounds to be purchased 20400 What are the direct materials per unit? O 4.08 pounds O 0.18 pounds O 3.90 pounds O Cannot be determined from the data providedUse the information below to answer questions that follow:Boko (Pty) Ltd have the following information in their books, which they want to use for planningpurposes. quarter 1 quarter 2 quarter 3 quarter 4 budgeted sales in units 50000 70000 90000 120000 desired ending inventory of finished goods 10000 14000 18000 24000 opening inventory of finished goods 7000 10000 14000 18000 direct labour hour used per unit 0.5 0.5 0.5 0.5 selling price 10 10 10 10 direct labour cost per hour 3 3 3 3 Required:a) For each quarter, calculate the:i. Sales budget. ii. Production budget. iii. Direct labour budget.1) The sales budget is based on assumptions about the ___________. a) Number of units to be sold and selling price per unit. b) Timing of cash receipts. c) Contribution margin per unit and the number of units to be sold. d) Costs of the units produced and the total fixed costs. 2) When constructing the production budget, the desired ending inventory for the period is determined based on: a) Next period sales b) Next period production c) Last period production and sales d) Credit period 3)Standard time allowed to complete one unit is 2 hours. A worker during a week (48 hours) completed 20 units and drawn a salary of Rs. 6000. The standard rate per day of 8 hours shift is Rs. 1000. Which one of the following is true? a)Labour efficiency variance is Zero b)Labour rate variance is zero c)Labour cost variance is zero d)None of the above
