The budgeted production for the year would be 62,184 units.
To determine the budgeted production for the year, we need to consider the projected sales, the estimated January 1 inventory, and the desired December 31 inventory.
First, let's calculate the net inventory change. This is the desired December 31 inventory minus the estimated January 1 inventory. In this case, it would be 7,450 units - 5,655 units = 1,795 units.
Next, we need to account for the sales. The projected sales for the year are given as 60,389 bicycles.
To calculate the budgeted production, we add the net inventory change to the projected sales. In this case, it would be 1,795 units + 60,389 units = 62,184 units.
Therefore, the budgeted production for the year would be 62,184 units.
The budgeted production for the year can be calculated by considering the projected sales, the estimated January 1 inventory, and the desired December 31 inventory.
In this case, the projected sales are given as 60,389 bicycles.
The estimated January 1 inventory is 5,655 units, while the desired December 31 inventory is 7,450 units.
To find the net inventory change,
we subtract the estimated January 1 inventory from the desired
December 31 inventory. In this case, it would be 7,450 units - 5,655 units = 1,795 units.
The budgeted production is then calculated by adding the net inventory change to the projected sales.
In this case, it would be 1,795 units + 60,389 units = 62,184 units.
Therefore, the budgeted production for the year would be 62,184 units.
To know more about budgeted production visit:
https://brainly.com/question/32607636
#SPJ11
Quall Company bulids snowboards. Quall Company has reported the following costs for the previous year. Assume no production inventortes. Cost of fiberglass (raw material) $ 90,000
Factory rent $ 46,000
Advertising $134,000
Utilities for factory $ 21,000
Wages of assembly workers $100,000
Production supervisor salary $ 49,000
Sales manager salary $ 34,000
Factory property taxes $ 16,000
Depreciation on production equipment $ 33,000
Screws $ 84,000
Wages of snowboard painters $ 84,000
Wages of factory maintanance workers $ 35,000
a. Compute the direct material costs Direct Material Costs _________
b. Compute the direct labor cost Direct Labor Cost __________
c. Compute the manufacturng overherd. Manufacturing Overhead ________
d. Compute the total manufocturing cost. Total Manufacturing Cost _________
e. Compute the prime cost. Prime Cost ___________
f. Compute the conversion cost Conversion Cost __________
g. Compute the total perlod cost.
Total Period Cost _________
Direct material cost = $174,000
Direct labor cost = $219,000
Manufacturing overhead = $333,000
Total manufacturing cost = $726,000
Prime cost = $393,000
Conversion cost = $552,000
Total period cost = $230,000
Explanation:a. Calculation of direct material costs:
Direct material cost = Cost of Fiberglass + Cost of Screws
Direct material cost = $90,000 + $84,000
Direct material cost = $174,000
b. Calculation of direct labor costs:
Direct labor cost = Wages of assembly workers + Wages of snowboard painters + Wages of factory maintenance workers
Direct labor cost = $100,000 + $84,000 + $35,000
Direct labor cost = $219,000
c. Calculation of manufacturing overhead:
Manufacturing overhead = Factory rent + Advertising + Utilities for factory + Production supervisor salary + Sales manager salary + Factory property taxes + Depreciation on production equipment
Manufacturing overhead = $46,000 + $134,000 + $21,000 + $49,000 + $34,000 + $16,000 + $33,000
Manufacturing overhead = $333,000
d. Calculation of total manufacturing cost:
Total manufacturing cost = Direct material cost + Direct labor cost + Manufacturing overhead
Total manufacturing cost = $174,000 + $219,000 + $333,000
Total manufacturing cost = $726,000e.
e. Calculation of prime cost:
Prime cost = Direct material cost + Direct labor cost
Prime cost = $174,000 + $219,000
Prime cost = $393,000f.
f. Calculation of conversion cost:
Conversion cost = Direct labor cost + Manufacturing overhead
Conversion cost = $219,000 + $333,000
Conversion cost = $552,000g.
g. Calculation of total period cost:
Total period cost = Factory rent + Advertising + Sales manager salary + Factory property taxes
Total period cost = $46,000 + $134,000 + $34,000 + $16,000
Total period cost = $230,000
To learn more please click the below link
https://brainly.com/question/29502858
#SPJ11
What was Mendel investigating with his second set of experiments? What was the outcome?
Gregor Mendel was examining the inheritance pattern of features that weren't prevalent in the initial hybrid plants in his second series of trials. He created the second generation of hybrids by crossing .
the first generation hybrids. Mendel noticed that features that had vanished in the first generation returned again in a 3:1 ratio in the second generation. This implied that qualities were inherited as separate units (later known as genes) that were passed on from parents to children independently of one another. Mendel's law of independent assortment was founded on this observation. Mendel's second round of studies also showed that characteristics were caused by outcome recessive genes that were expressed in the second generation if they were not expressed in the first.
learn more about outcome here:
https://brainly.com/question/27292589
#SPJ4
The primary risk with this retirement capital needs analysis is the risk of outliving retirement assets. 1. Annuity Method 2. Capital Preservation Method 3. Purchasing Power Preservation Method 1 only 1 and 2 only 1, 2 and 3
Several methods exist to mitigate the risk of outliving retirement assets, including the Annuity Method, the Capital Preservation Method, and the Purchasing Power Preservation Method. Therefore the correct option is 1, 2, and 3.
By employing a combination of these methods (1, 2, and 3), individuals can work to reduce the risk of outliving their retirement assets.
The annuity method involves purchasing an annuity that provides a fixed income for life.
The capital preservation method involves investing in low-risk assets that preserve the initial principal, but may not provide a high return.
The purchasing power preservation method involves investing in assets that provide a return that keeps pace with inflation, preserving the purchasing power of retirement assets.
Learn more about retirement at https://brainly.com/question/31055484
#SPJ11
Which of the following is a positive impact of technology on society? Staying connected Global deterioration Decreased human interaction Inactive lifestyles
Answer:
Staying connected
Explanation:
The US Senate has approved approximately how many treaties?
O 2.500
O 1,500
O 2,000
O 1.000
Answer:
2500
Explanation:
The United States Senate has approved approximately 2500 treaties. This assertion is based on the statistics that fifty years after the United States independence, the US Senate has only approved 60 treaties. By the period World War II began in 1939, the US Senate has approved another 800 treaties. Also, between 1940 to 1989, the United States Senate has approved an additional 759 treaties. And between 1989 to this moment, the United States Senate has reportedly approved 890 treaties.
Hence, summing all of them together, we have 60 plus 800, plus 759, plus 890, making it 2509 treaties. That is approximately 2500 treaties.
Answer:
B. 1,500
Explanation:
It’s on the passage
Which best diagrams the correct obstacle to the example?
economic trade this is your answer hope it's helpful to you
Economic Trade is the answer.
2. m&j does not have a formal management approach to managing the employees. some low-level employees
are paid more than higher-level employees because they have been with the company longer; others are given
extra time off without any explanation. employees who are not managers often direct other employees but
won't deal with conflicts because they say it isn't their job. some employees are clearly not motivated to do
what needs to be done to make m&j as successful as it could be. in your response:
M&J need to bring efficiency in the level of their employee management to be able to maintain formal office behavior.
How to make employee management efficient?The management of workforce by way of standardization and classification of pay by class division is one of the ways to do efficient management.
There must be proper management regarding resolving the grievances of employees with respect to their salaries and modes and methods of payment.
Hence, the steps to improve the efficiency of employee management are aforementioned.
Learn more about employee management here:
https://brainly.com/question/14561524
#SPJ1
Explain the role audit committee plays in the company
Answer:
The primary purpose of a company's audit committee is to provide oversight of the financial reporting process, the audit process, the company's system of internal controls and compliance with laws and regulations. ... As such, CPAs report directly to the audit committee, not management.
Hope this helps.☝
Frannie Fans currently manufactures ceiling fans that include remotes to operate them. The current cost to manufacture 10,060 remotes is as follows:
Cost
Direct materials $ 65,390 Direct labor $ 55,330 Variable overhead $ 30,180 Fixed overhead $ 50,300 Total $ 201,200 Frannie is approached by Lincoln Company which offers to make the remotes for $18 per unit.
Required:
1. Compute the difference in cost between making and buying the remotes if none of the fixed costs can be avoided. What is the change in net income?
2. Compute the difference in cost between making and buying the remotes if $20,120 of the fixed costs can be avoided. What is the change in net income?
3. What is the change in net income if fixed cost of $20,120 can be avoided and Frannie could rent out the factory space no longer in use for $20,120?
Answer:
I dunoooo
Explanation:
sike ik but tell u later ok
Which is the most important decision factor in transportation?
A.capacity
B. Cost
C.capability
D.reliability
با ما
Outline two reasons why a business such as AEC could not be
Successful without other firms providing natural resources
Answer:
Because of product's use of natural resources in its input (1) and dependence on the supply chain system of other companies.
Explanation:
The reason is that all of the companies rely on natural resources that the companies are processing and making it available for the other companies to utilize it to control its cost and complete the production of the products. The energy is a natural resource which every company utilizes and due to this its production is largely dependent on the firms that are processing natural resources to make it available for companies to utilize it.
The next most important thing is supply chain system of natural resource companies that helps the companies like AEC and even an individual to make the use of these natural resources in an efficient and effective manner. If I don't have access to fuel, then I cann't travel and traveling by using horses would be expensive and time consuming. So supply chain system of the other businesses play key role here.
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Grand Energy Corporation (GE) plans to issue bonds to raise $190 million. GE's investment banker will charge 5 percent of the total amount issued to help raise the funds. The market value of each bond at issue time will be $1,000. How many bonds must GE sell to net $190 million after flotation costs? Assume that fractions of bonds cannot be issued. Round your answer to the nearest whole number.
The number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.
Number of bondsFirst step is to calculate the amount issue
Net proceeds = Amount of issue x (1 - Flotation costs)
$190,000,000 = Amount of issue x (1 - 0.05)
Amount of issue = $190,000,000/0.95
Amount of issue= $200,000,000
Second step is to calculate number of bonds
Number of bonds = $200,000,000/$1,000
Number of bonds= 200,000 bonds
Inconclusion the number of bonds that GE must sell to net $190 million after flotation costs is 200,000 bonds.
Learn more about bonds here:https://brainly.com/question/25596583
What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.
Loans, grants, and work-study are the three categories of federal financial aid.
Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.
Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.
Some college finance methods are:
Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.To know more about college scholarship refer to the given link:
https://brainly.com/question/28486030?referrer=searchResults
#SPJ4
9.3 From the following trial balance of G Still, draw up a trading and profit and loss account for the year ended 30 September 20X9, and a balance sheet as at that date. Stock 1 October 20X8 Carriage outwards Carriage inwards Returns inwards Returns outwards Purchases Sales Salaries and wages Warehouse rent Insurance Motor expenses Office expenses Lighting and heating expenses General expenses Premises Motor vehicles Fixtures and fittings Debtors Creditors Cash at bank Drawings Capital Stock at 30 September 20X9 was £44,780. Dr £ 41,600 2,100 3,700 1,540 188,430 61,400 3,700 1,356 1,910 412 894 245 92,000 13,400 1,900 42,560 5,106 22,000 484,253 Cr £ 3,410 380,400 31,600 68,843 484,253
The trading and profit and loss account shows a loss of £221,227 for the year ended 30 September 20X9. The balance sheet indicates that the company has net assets of £81,556, which is equal to the capital invested by the owner.
Trading and Profit and Loss Account for the year ended 30 September 20X9:
Revenue:
Sales: £61,400
Less: Cost of Goods Sold:
Opening Stock: £41,600
Purchases: £188,430
Carriage Inwards: £2,100
Less: Returns Outwards: £1,540
Carriage Outwards: £3,700
Closing Stock: £44,780
Cost of Goods Sold: (£41,600 + £188,430 + £2,100 - £1,540 - £3,700 - £44,780) = £182,110
Gross Profit: (Sales - Cost of Goods Sold) = (£61,400 - £182,110) = -£120,710 (Loss)
Operating Expenses:
Salaries and Wages: £3,700
Warehouse Rent: £1,356
Insurance: £1,910
Motor Expenses: £412
Office Expenses: £894
Lighting and Heating Expenses: £245
General Expenses: £92,000
Total Operating Expenses: (£3,700 + £1,356 + £1,910 + £412 + £894 + £245 + £92,000) = £100,517
Net Profit before Interest and Taxes: (Gross Profit - Total Operating Expenses) = (-£120,710 - £100,517) = -£221,227 (Loss)
Balance Sheet as at 30 September 20X9:
Assets:
Premises: £13,400
Motor Vehicles: £1,900
Fixtures and Fittings: £42,560
Debtors: £5,106
Cash at Bank: £22,000
Total Assets: (£13,400 + £1,900 + £42,560 + £5,106 + £22,000) = £84,966
Liabilities:
Creditors: £3,410
Net Assets: (Total Assets - Creditors) = (£84,966 - £3,410) = £81,556
Capital: £81,556
The trading and profit and loss account shows a loss of £221,227 for the year ended 30 September 20X9. The balance sheet indicates that the company has net assets of £81,556, which is equal to the capital invested by the owner.
For more such questions on trading
https://brainly.com/question/28003025
#SPJ11
why is training important
These reasons include:-
Increased job satisfaction and morale among employees.Increased employee motivation.Increased efficiencies in processes, resulting in financial gain.Increased capacity to adopt new technologies and methods.Increased innovation in strategies and products.Reduced employee turnover.Under GAAS an auditor opinion must explicitly state the following: GAAP has been consistently applied to the financial statements presented. Audit evidence obtained is sufficient and appropriate and provide a basis for our audit opinion. The company audited is not a going going concern. All of the answers provided are explicitly stated in the audit opinion. Under which of the following conditions can a disclaimer of opinion never be issued? The entity's going-concern problems are highly material and pervasive. The entity does not allow auditors access to evidence about important accounts. The auditors and the client have a disagreement over audit fees. O The auditors determine that the entity uses an inventory costing method that is not GAAP. Fraud risk factors are events or conditions that indicate which of the following? An opportunity to carry out fraud An attitude or rationalization that justifies a fraudulent action. An incentive or pressure to perpetrate fraud. All of the answers provided.
A disclaimer of opinion is not issued when the entity's going-concern problems are highly material and pervasive. Hence, the option (A) The entity's going-concern problems are highly material and pervasive is correct.
Under GAAS an auditor opinion must explicitly state the following: GAAP has been consistently applied to the financial statements presented. Audit evidence obtained is sufficient and appropriate and provide a basis for our audit opinion. The company audited is not a going going concern. All of the answers provided are explicitly stated in the audit opinion.
The entity's going-concern problems are highly material and pervasive. The entity does not allow auditors access to evidence about important accounts. The auditors and the client have a disagreement over audit fees. O The auditors determine that the entity uses an inventory costing method that is not GAAP.
An auditor is an independent certified public accountant (CPA) who inspects the financial records and financial procedures of a company or an organization. The primary responsibility of an auditor is to report on the financial statements of the company to determine if they are materially accurate, reliable, and comply with the Generally Accepted Accounting Principles (GAAP).Fraud risk factors are events or conditions that indicate that there is an opportunity to carry out fraud, an attitude or rationalization that justifies a fraudulent action, or an incentive or pressure to perpetrate fraud. Therefore, all of the options provided are correct.
To learn more about "GAAP" visit: https://brainly.com/question/28345482
#SPJ11
how many ig followers do i have alexamaldonadoo go quick ill give brainliest
The ability to understand people is ____ to the success of cosmetologist.
Answer:
Customer service
Explanation:
Hope this helps~! :D
According to the Classical growth model, an economy that increases its saving will grow:
Slowly because consumption and aggregate demand will be reduced.
Quickly since the increase in saving will permit more rapid technological progress.
Slowly because interest rates will fall, causing investment to decline.
Quickly since the increase in saving will permit greater investment.
According to the classical growth model, an economy that increases its saving will grow quickly since the increase in saving will permit greater investment. Option d is correct.
According to the Classical growth model, output rises as the amount of capital increases. If an economy saves a higher percentage of its income, it can create more capital goods in the future, resulting in a larger GDP.
This is due to the fact that if people save more of their income, there will be less consumption and more investment, allowing for the creation of more capital. As a result, the economy can grow more quickly.
An increase in savings will result in a higher amount of investment, which will result in a higher GDP and economic growth. Therefore, an economy that increases its saving will grow quickly since the increase in saving will permit greater investment. Thus, the correct answer is Quickly since the increase in saving will permit greater investment.
Therefore, d is correct.
Learn more about economy https://brainly.com/question/18461883
#SPJ11
if the current price is $20 in this perfectly competitive industry, we should expect:
If the current price is $20 in a perfectly competitive industry, we should expect firms to produce at the point where marginal revenue equals marginal cost.
In a perfectly competitive industry, firms are price takers. This means that they cannot control the price of their product. The price is determined by the market, and all firms must sell at the same price.
Under these conditions, firms will maximize profits by producing at the point where marginal revenue equals marginal cost. Marginal revenue is the additional revenue that a firm earns by selling one more unit of output. Marginal cost is the additional cost that a firm incurs by producing one more unit of output.
When marginal revenue equals marginal cost, the firm is earning the maximum profit possible. If marginal revenue is greater than marginal cost, the firm can increase its profits by producing more output. If marginal revenue is less than marginal cost, the firm can increase its profits by producing less output.
In the case where the current price is $20, we would expect firms to produce at the point where marginal revenue equals marginal cost. This is because at this point, the firm is earning the maximum profit possible.
The price in a perfectly competitive industry is determined by the market. Firms in a perfectly competitive industry are price takers, and they will maximize profits by producing at the point where marginal revenue equals marginal cost.
Learn more about competitive industry here:
https://brainly.com/question/28267513
#SPJ11
The director’s collaborator who has various tasks such as taking notes, keeping track of blocking, and communicating with all the members of the production team is the _________.
The director’s collaborator who has various tasks such as taking notes, keeping track of blocking, and communicating with all the members of the production team is the stage manager.
What is stage manager?A stage manager oversees and coordinates all the various teams engaged in the day-to-day operation of a theater production, from dress rehearsals through performances to post-show activities.
To make sure production runs smoothly, they organize each team, coordinate with the rest of the company, and liaise with them.
The stage manager is in charge of the following during the rehearsal process:
connecting with all team membersmaintaining daily reports and logswriting down notesmonitoring blockingWhat are the Stage Manager Responsibilities?Planning rehearsals and setting up the equipmentworking in concert with the director to realize their visiondirecting set builders and carpentersensuring that the actors and the costume crew have the time and resources to produce costumescoordinating with the props department to ensure that each piece is identified and kept properlyrecording the notes made by the directorsLearn more about managers:
https://brainly.com/question/24708179
#SPJ4
As Operations Manager, you attended an Aggregate Production Planning Meeting during which you discussed a number of different subjects. Which of the following was probably not discussed?
Answers:
1. Sales by product type during the next 18 months.
2. The number of people required to execute the plan.
3. The monthly inventory at the end of the planning period.
4. Raw material delivery problems.
5. All of the above items should be discussed.
During the Aggregate Production Planning Meeting of the items above must be discussed. It is because all of the items above are the most important things in the production and planning meeting.
Aggregate planning generally can be defined as a method for developing, analyzing, and also maintaining a manufacturing plan with an emphasis on uninterrupted, consistent production. Aggregate planning most often focused on targeted sales forecasts, production levels in the mid-term (3-to-18-month) future, and also inventory management. The items of that including sales by product, people who involved in the project, monthly inventory, and also delivery problems is the most important items during aggregate planning.
Here you can learn more about Aggregate Production Planning Meeting https://brainly.com/question/14276469
#SPJ4
interest rate parity (irp) is best defined as group of answer choices occurring when a government brings its domestic interest rate in line with other major financial markets. occurring when the central bank of a country brings its domestic interest rate in line with its major trading partners. an arbitrage condition that must hold when international financial markets are in equilibrium. the act of simultaneously buying and selling the same or equivalent assets or commodities for the purpose of making certain guaranteed profits.
The ideal way to describe Interest Rate Parity (IRP) is as an arbitrage condition that needs to hold true when global financial markets are in equilibrium.
What does state interest rate parity (IRP) mean?The core idea behind the IRP is that the difference between the interest rates in two nations will be equal to the difference between the exchange rates for spot and forward transactions. The hedged returns on investments in various currencies should remain constant despite changes in interest rates.
What are parity in interest rates and international arbitrage?International Arbitrage- The process of profiting from the difference in interest rates between two nations while hedging against exchange rate risk is known as covered interest arbitrage.
Learn more about Interest Rate Parity (IRP): https://brainly.com/question/14673991
#SPJ4
companies from wealthy countries benefit from cross-border trade with other wealthy countries when their competitive advantage is based on which of the following factors?
Companies from wealthy countries benefit from cross-border trade with other wealthy countries when their competitive advantage is based on factors such as technological innovation, advanced production capabilities, high-quality products, and strong brands.
Wealthy countries often have advanced technological capabilities and invest significantly in research and development, allowing their companies to develop innovative products and processes.
These technological advancements give them a competitive edge in the global market, as they can offer cutting-edge solutions and stay ahead of competitors.
Additionally, companies from wealthy countries often possess advanced production capabilities, including efficient supply chains, sophisticated manufacturing techniques, and access to specialized resources. This enables them to produce goods at a high level of quality and efficiency, meeting the demands of discerning customers in other wealthy countries.
Furthermore, companies from wealthy countries often have established strong brands that are associated with quality, reliability, and prestige. These brands have built a reputation over time and are trusted by consumers in other wealthy countries.
This brand recognition gives them a competitive advantage and allows them to command higher prices for their products.
Visit here to learn more about competitive advantage:
brainly.com/question/30898712
#SPJ11
What type of business makes physical goods that customers can see or touch?
Internet service provider
banking industry
manufacturing industry
commodities industry
Manufacturing industry, type of business makes physical goods that customers can see or touch. Thus, option (c) is correct.
The term business refers to the earning the profit. The business is the taking the risk and the earning the profit. The business are the mainly focuses to the activity of the creating, distribution and selling concept based.
Manufacturing industry is a type of business that can produced the goods (product) are tangible form. Manufacturing industry produced two types of goods such as consumer goods and industrial goods. Customer can easily touch and feel the product.
As a result, the significance of the type of business makes physical goods that customers can see or touch are the aforementioned. Therefore, option (c) is correct.
Learn more about on business, here:
https://brainly.com/question/15826771
#SPJ1
Create a presentation that describes your plan and findings for a personal finance budget
Answer:
My plan is to work in the oil field making about four thousand a month. one thousand a week, spending 500$ a month on food, 250$ on car note, 750$ on house note 60$for gas 1000$ for personal expenses.i will have 1440$ to put in my savings
Explanation:
creating a budget is about your wishes and hopes for what you want your income to be.
True
False
Answer:
False.
Explanation:
Creating a budget is not about your wishes and hopes for what you want your income to be, but must be done by having a realistic perception of the income and expenses that each person has from month to month. In this way, you can project responsibly, avoiding incurring debts or other negative consequences.
Why is it important to file your federal incomes taxes every year?.
Answer:
Avoid losing future refunds.
Explanation:
Part or all of any refund is first used to pay any back taxes owed. Safeguard credit. If the IRS files a tax lien against a taxpayer, it could affect credit scores and make it harder to get a loan.
1. Buyers, sellers, and producers all have someone else they are competing with for economic benefits. This is known as:
O competition
O monopoly
O collusid
O cartels
Answer:monopoly
Explanation: