Peari Products Limlied of Shenzhen. China, manufoctures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix one of the comparty's pioducts. The compary is planning its raw moteriefs needs for the third quertec the quarter in which peak soles of Superma occur. To kecp ptoduction and sales moving smoothly, the compony has the following inventory requitements:
a. The finished goods inventory on hand at the end of each month must equal 4,000 units of Supermic plus 20 s. of the neal month's sales. The finished goods inventory on June 30 is budgeted to be 14,200 units. b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for row matenals The raw materials inventory on June 30 is budgeted to be 78,000cc of solvert H300. c. The company maintains no work in process inventories. A monthly sales budget for Supermix for the third and fourth quarters of the year follows. Budgeting units sales
July 52,000
Agustus 56,000
September 66,000
Oktober 46,000
November 36,000
December 26,000
Required: 1. Prepare a production budget for Supermix for the months July. August, September, and Octobet. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July. August, and September, and for the quarter in total.
Answers
Production budget: July(62,200 units), August (66,200 units), September (76,200 units), October(56,200 units). Direct materials budget: July (360,600 cc), August(424,600 cc), September(432,600 cc), Quarter total (1,217,800 cc).
1. Production Budget for Supermix:
To calculate the production budget, we need to consider the desired ending finished goods inventory, budgeted sales, and the beginning finished goods inventory. The formula for the production budget is:
Budgeted Production = Budgeted Sales + Desired Ending Inventory - Beginning Inventory
Given:
Desired Ending Inventory (June 30) = 14,200 units
Beginning Inventory (July 1) = 4,000 units
Production Budget:
- July: 52,000 + 14,200 - 4,000 = 62,200 units
- August: 56,000 + 14,200 - 4,000 = 66,200 units
- September: 66,000 + 14,200 - 4,000 = 76,200 units
- October: 46,000 + 14,200 - 4,000 = 56,200 units
2. Direct Materials Budget for Solvent H300:
To calculate the quantity of solvent H300 to be purchased, we need to consider the required quantity for each unit of Supermix and the desired ending raw materials inventory. The formula for the direct materials budget is:
Budgeted Quantity of Solvent H300 = (Budgeted Production + Desired Ending Inventory) × Quantity per Unit
Given:
Required Quantity of Solvent H300 per unit of Supermix = 3 cc
Desired Ending Raw Materials Inventory (June 30) = 78,000 cc
Direct Materials Budget:
- July: (62,200 + 78,000) × 3 cc = 360,600 cc
- August: (66,200 + 78,000) × 3 cc = 424,600 cc
- September: (76,200 + 78,000) × 3 cc = 432,600 cc
- Quarter in Total: (360,600 + 424,600 + 432,600) cc = 1,217,800 cc
Therefore, the direct materials budget shows that 360,600 cc of solvent H300 should be purchased for July, 424,600 cc for August, 432,600 cc for September, and a total of 1,217,800 cc for the entire quarter.
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Related Questions
what is an advantage of using the on-demand pricing model aws
Answers
The advantage of using the on-demand pricing model in AWS is that it allows users to pay only for the computing resources they actually use, rather than committing to a fixed amount of resources for a set period of time. With on-demand pricing,
AWS customers can start, stop, and scale their usage as needed, and they are only charged for the actual amount of computing resources they consume. This can be especially beneficial for businesses with variable or unpredictable workloads, as they can adjust their usage in real-time without incurring unnecessary costs. Additionally, on-demand pricing eliminates the need for upfront capital investments in hardware and software, which can be a significant barrier to entry for many businesses. By paying only for what they use, businesses can allocate their resources more efficiently and effectively, and they can better manage their cash flow.
The on-demand pricing model is one of several pricing options offered by AWS, which also includes reserved instances, spot instances, and dedicated hosts. Each pricing model has its own advantages and disadvantages, depending on the needs of the user. For example, reserved instances can provide significant cost savings for businesses with stable workloads, as they allow users to commit to a specific amount of resources for a set period of time at a discounted rate. Spot instances can be a cost-effective option for users with flexible workloads, as they allow users to bid on unused EC2 capacity at lower prices than on-demand instances. In summary, the advantage of using the on-demand pricing model in AWS is that it provides flexibility, cost-effectiveness, and scalability for businesses of all sizes and types. By paying only for what they use, businesses can better manage their resources and allocate their budgets more effectively, which can ultimately lead to greater success and growth.
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Why is time management an important skill to have not only in your life right now but to obtain a career and succeed? Are there any jobs where time management isn’t important?
Answers
There are very few jobs where time management is not important. Even jobs that may seem more flexible or less structured, such as freelancing or entrepreneurship, require effective time management skills to be successful. In most cases, jobs that require little to no time management are low-skilled and typically involve manual labor, such as assembly line work or construction labor. However, even these jobs may require some degree of time management when it comes to meeting production quotas or working within a tight schedule. Overall, time management is an essential skill that can benefit individuals in all areas of life and all types of careers.
What is the alternate name for income tax return form1040?
The income tax return form 1040 is also known as the_____
Answers
Answer:
U.S. Individual Income Tax Return
Answer: "long form" is the answer
QUESTION 1
____ or soft skills, are abilities that are essential for success in any career.
1. Transferable skills
2. Technical skills
3. Work Experience
4. Talent
QUESTION 2
Work experience =
1. Jobs
2. Personal projects
3. Positions of responsibility
4. All of above
QUESTION 3
A ___ is anything that separates one thing from another. It can be a symbol, design, name, sound, reputation, emotion, tone, etc.
1. Brand
2. Weakness
3. Strength
4. Logo
QUESTION 4
The information about a person that exist on the internet as a result of their online activity is a ____?
1. Digital footprint
2. Logo
3. Skill
4. Brand
QUESTION 5
At this point for your project you should have:
(Select all that apply)
1. 3 talents/interest
2. 3 strengths & weaknesses - from list of 24 possibilities
3. 3 careers you are interested in & the career cluster they belong to
4. 3 work experiences or skills that you have acquired
(You don’t have to answer them all I just need help!!)
Answers
Transferable skills or soft skills, are abilities that are essential for success in any career.
What are Transferable skills?A transferable skill refers to an individual's ability or expertise which may be used in a variety of roles or occupations. Some examples of a Transferable skills include communication, problem-solving and self-control.
Work experience equals to:
1. Jobs2. Personal projects3. Positions of responsibilityWhat is a Work experience?Basically, a work experience refers to any experience that a person gains while working in a specific field or occupation but the expression is widely used to mean a type of volunteer work that is commonly intended for young people (like students) to get a feel for professional working environments.
A brand is anything that separates one thing from another. It can be a symbol, design, name, sound, reputation, emotion, tone, etc.
What is a brand?In marketing, a brand refers to a business and marketing concept that helps people identify a particular company, product, or individual.
The information about a person that exist on the internet as a result of their online activity is a digital footprint.
What is a digital footprint?Also known as a digital shadow, this refers to one's unique set of traceable digital activities, actions, contributions and communications manifested on the Internet or digital devices.
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Carey company applies manufacturing overhead costs to products as a percentage of direct labor dollars. Estimated and actual values of manufacturing overhead and direct labor costs are summarized here:.
Answers
The predetermined overhead rate is 184% of direct labor cost
A
Estimated manufacturing overhead
$864,800
B
Estimated direct labor cost
$470,000
C = (A/B) x 100
Predetermined Overhead rate
184%
of direct labor cost
Wages paid to employees directly related to producing goods or rendering customer services are referred to as direct labour costs. The overall direct labour cost exceeds wages paid by a significant amount.
Direct labour includes those who assemble things, weld things, paint things, and operate machines. Any employee directly involved in a product's manufacture is referred to as direct labour. If your company makes bicycles, the workers who make the bicycles are regarded as direct labour.
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Six months ago, you purchased 100 shares of stock in ABC Co. at a price of $43.89 a share. ABC stock pays a quarterly dividend of $.10 a share. Today, you sold all of your shares for $45.13 per share. What is the total amount of your capital gains on this investment
Answers
Answer:
$144
Explanation:
$45.13 - $43.89 = $1.24 profit each share
$1.24*100 = $124
$.10×100 = $10/quarter
2 quarters = $20
$124 + $20 = $144
Blank are for profit financial organizations that have account holders
Answers
During civil lawsuit proceedings regarding alcohol service, courts will try to determine if the
designated driver was present and remained sober. guest's BAC was checked throughout the evening. server recently attended proper alcohol training, server contributed to the injury.
Answers
Courts will attempt to ascertain if the designated driver was there and stayed sober throughout civil lawsuit proceedings over alcohol service.
A lawsuit is a legal action brought by one or more plaintiffs or claimants against one or more defendants. Only a limited number of laws from long ago that are still in force include the phrase "suit in law." The term "lawsuit" refers to a civil action that is launched by a plaintiff—a party who alleges that they have suffered loss as a result of the defendant's actions—and in which the plaintiff asks the court for either a legal remedy or an equitable remedy.
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determining whether a message will be transmitted by e-mail or delivered in person is part of
Answers
Determining whether a message will be transmitted by e-mail or delivered in person is part of "communication channel selection."
Communication planning involves determining the best methods and channels for delivering messages to the intended audience. This includes deciding whether a message will be transmitted by e-mail, delivered in person, or through another means such as phone or video conference.
Factors such as the urgency and sensitivity of the message, the location of the audience, and the desired level of interaction will all influence this decision. Ultimately, the goal is to choose the most effective and efficient method for ensuring the message is received and understood by the intended recipients.
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When does a beneficiary who is a minor typically
have the legal right to take control of their
inheritance?
O-A. When they turn 21 years old
B. When they turn 16 years old
Immediately after the will is read
C.
O D. When they turn 18 years old
ITS D 18 years old
Answers
If a minor is listed as the beneficiary and gets goods or funds, the minor will not have the right to seize control of the assets.
What happens if the beneficiary of a life insurance policy is a minor?Insurance providers are not permitted to pay out life insurance proceeds directly to underage children. Payments to your family can be postponed until a custodian chosen by the court is brought in to manage the cash.
What does it mean for a minor to be a beneficiary?Children under the age of 18 are frequently included as beneficiaries of RRSPs, RRIFs, and life insurance policy payouts. Children who are still minors, however, are regarded as parties to a disability and as such, are not eligible to receive money directly.
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qualified dividends and capital gain tax worksheet 2022
Answers
Dividends that are qualified must adhere to specific guidelines set out by the IRS. For qualifying dividends, the maximum tax rate is 20%.
Ordinary dividends are subject to income tax rates, which top out at 37% beginning with the 2022 and 2023 tax years. The worksheet is for taxpayers who solely have dividend income or whose only capital gains are capital gain distributions from mutual funds, other regulated investment companies, or real estate investment trusts, which are reported in boxes 2a or 2b on Form 1099-DIV.
Any leftover qualifying dividend income is subject to a 20% tax rate if it exceeds the maximum limits of the 15% tax band. Qualified dividends can also be liable to the 3.8% Net Investment Income Tax, depending on your individual tax circumstances. a capital asset sale or exchange that is not disclosed on another form or schedule. Gains from the conversion of capital assets kept for investment purposes alone that are involuntarily converted (other than via theft or accident).
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Which of the following is an example of a greenfield investment?
A. A Chinese sugar maker setting up a sugar crushing facility in Cuba.
B. A Serbian automobile company purchasing a Croatian component manufacturer.
C. A Finnish mobile phone manufacturer expanding its production facility in Finland.
D. An Indian oil exploration company acquiring an oil refining company.
Answers
Option C, a Finnish mobile phone manufacturer expanding its production facility in Finland, is an example of a greenfield investment.
Greenfield investment refers to a situation where a company starts a new business or expands into a new industry in a foreign country.
This is a strategy that involves setting up a new factory, branch, or other facilities in a new market. It is known as "greenfield investment" because the company starts with a blank slate, building a new structure from scratch in a new market, without the need to buy an existing business.
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The growth of trade as a percentage of global GDP Multiple Choice suggests that the United States is increasing its role as the most dominant player in global trade. is surprising given the level of conflict among nations. reflects the globalization of markets. represents an argument for greater barriers to trade. indicates growing isolationism among countries especially developing economies.
Answers
The fact that trade now represents a higher percentage of global GDP reflects the globalization of markets.
What is the globalization of markets?Refers to the current phenomenon observed where goods and sold around the world. Has led to an explosion of choice for consumers and an increase in market size for producers.As a result of so much trade being done amongst countries, global GDP has risen and analysis show that a large part of this is down to the international trade conducted amongst countries.
In conclusion, option c is correct.
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Which of the following is the yearly rate charged for borrowing?
Fixed interest rate
Summary percentage rate
Annual percentage rate
Variable interest rate
Answers
Alan is recording payroll that was processed outside of QuickBooks. Which QuickBooks function would be most useful? o Payroll summary o Pay bills o Journal entries o New invoice
Answers
A new invoice is recording payroll that was processed outside of QuickBooks. Thus option (D) is correct.
What is payroll?The process of paying employees' salaries is known as payroll. Making a list of the personnel who need to be paid comes first, and recording the expenses comes last. It's a complicated procedure that requires cooperation from numerous teams, including payroll, HR, and finance. Payroll deductions are sums of money taken out of an employee's overall pay to cover taxes, garnishments, and benefits like health insurance.
Invoicing. One of the most important tasks for many organizations, especially those that offer services or depend on independent contractors, is billing. Invoice creation in QuickBooks is simple, whether you're starting from scratch or using a previous estimate. Even an invoice for recurring payments can be created.
Therefore, Thus option (D) is correct.
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3. Which of the following is the account title used to include
instances of price adjustment in case if there is a defective item.
A. Sales returns
B. Purchase discounts
C. Sales returns and allowances
Answers
Answer:
The correct answer is C. Sales returns and allowances.
Explanation:
Sales allowances are discounts that the seller of the product offers to the buyer when there is some type of failure or error in the product or service offered, that is, the buyer pays a lower price because the quality offered is also lower. In this way, there is a double advantage: on the one hand, the buyer obtains the product at a lower price saving money and, on the other hand, the seller discards a defective product without losing money.
Answer:
C. Sales returns and allowances.
Explanation:
Sales returns and allowances is a deduction from sales that shows the sale price of goods returned by customers, as well as discounts taken by them to retain defective goods.
What Do Banks Do With Their Deposits?
Answers
Answer: When a person deposits money into their bank account, the bank can then lend other people that money. The depositing customer gains a small amount of money in return (interest on deposits), and the lending customer pays a larger amount of money to the bank in return (interest on loans).
Explanation: I think
Strategic Management 3e.
2. What is GE’s current level of diversification? Historically, has GE become more or less diversified? Why has GE been moving in this direction? Implementation: Focus on Recommendations and How to Execute Them
3. Advanced: Where should Immelt invest the cash generated from the sale of GE Capital?
Answers
As of now, GE's current level of diversification is moderate. Historically, GE has become less diversified over the years. The company has been moving in this direction because it has realized that focusing on its core businesses would help it achieve more success. Immelt should invest the cash generated from the sale of GE Capital
It is easier to manage a business that is not overly diversified and is concentrated on a few key areas, thereby creating value for its customers. GE has been moving in this direction for several reasons. The company has found that by focusing on its core businesses, it can increase its revenue and profitability.
Additionally, by doing less diversification, the company can reduce its risk and simplify its operations. This simplification can help the company to become more agile and responsive to market conditions, thereby making it easier to grow the business and remain competitive.
In terms of where Immelt should invest the cash generated from the sale of GE Capital, he should focus on investing in the company's core businesses. These businesses are likely to provide the greatest potential for growth and profitability.
Additionally, the company should consider investing in new technologies that will help it to stay ahead of its competitors. By investing in these areas, Immelt can ensure that the company remains competitive and successful in the long run.
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Diego feels he has achieved some measure of respect as a cosmetic surgeon. Now, Diego focuses on being the best he can be. Which need is Diego trying to meet
Answers
Diego is trying to focus and meet his self-actualization needs.
What is Maslow's Hierarchy of Needs?
Abraham Maslow's theory of Hierarchical needs explains that people are driven to meet fundamental wants before moving on to more complex requirements.
His theory emphasizes five hierarchical needs, these are:
Physiological needsSecurity and safety needsSocial NeedsEsteem NeedsSelf Actualization needsTherefore, based on the fact that Diego is concerned about his own personal growth and focusing on his career, we can conclude that Diego is trying to focus and meet his self-actualization needs.
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If you were to look at the CPI calculations based from 1984-1986, what of the following goods would likely be left out of that CPI calculation?
2. eggs
3.transmission fluid
4. televisions
5. smart phones
Answers
If you somehow happened to take a gander at the CPI computations based from 1984-1986 , smart phones would probably be avoided with regard to that CPI estimation. Option 5 is correct.
Smartphones have only recently been used in the 21st century, so it is unlikely that they were popular in the 1980 s.The Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services used by households, is the most well-known indicator of inflation.
A quantity-weighted average of the current month's index divided by the index value during the index base period is used to calculate the aggregate index for any given month. The ratio of the long-term monthly indexes is then used to calculate the monthly price change.
The Consumer Price Index (CPI) is a widely used indicator of economic inflation. A nation's citizens' standard of living falls as a result of rising inflation. It will lead to an increase in the price of living over time.
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Which of the following communications must be reviewed and approved by a principal before it can be used? A) An internal memo to be sent to registered representatives describing a new sales technique B) Promotional material to be sent only to mutual funds and insurance companies C) A letter to be sent to all customers reminding them of a change in the tax laws D) A letter to be sent this week to 30 existing customers recommending a new service being offered by the firm
Answers
Answer: I'm thinking C, but I cant find any evidence to help support it all to much. I looked up the answers and everything and no one knows, i'm sorry if I wasn't of any help
Good luck
The communications that must be reviewed and approved by a principal before they can be used are an internal memo to be sent to registered representatives describing a new sales technique, a letter to be sent to all customers and a letter to be sent this week to 30 existing customers recommending a new service. The correct options are a, c, and d.
An internal memo to be sent to registered representatives: Since this letter involves instructing staff members on sales practices, it should be examined and authorized by a principal. All clients are to get a letter informing them of an alteration to the tax laws: A principal should evaluate and approve this letter to make sure that it contains accurate, understandable information that complies with applicable tax regulations.
30 current clients will receive a letter this week proposing a new service the business is offering. A principal should also examine and approve this communication. Even though it is directed towards a certain consumer segment, it is still crucial for a principal to check it to make sure the information is correct, pertinent, and compliant with the company's marketing and advertising standards.
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How can you determine your net worth?
Answers
Answer:
How much money do you make in 1 year that is your net worth
Explanation:
which is the largest source of tax revenue in the united states?
Answers
Answer:
Individual income taxes.
Explanation:
This has been the largest single source of federal revenue since 1950.
Acceptance of goods means that the buyer has agreed, by words or by conduct, that the goods received are conforming goods or a satisfactory accommodation. True Or False
Answers
Answer:
True
Explanation:
1) Acceptance of goods occurs when the buyer
(a) after a reasonable opportunity to inspect the goods signifies to the seller that the goods are conformingor that he will take or retain them in spite of their non-conformity; or
(b) fails to make an effective rejection (subsection (1) of Section 2-602), but such acceptance does not occur until the buyerhas had a reasonable opportunity to inspect them; or
(c) does any act inconsistent with the seller's ownership; but if such act is wrongful as against the seller it is an acceptance only if ratified by him.
the most profitable way for a bank to maintain the minimum required reserves is to hold large amounts of excess reserves.T/F
Answers
The statement 'holding large amounts of excess reserves is a profitable way for a bank to maintain the minimum required reserves' is True.
This is because banks earn interest on their excess reserves held at the central bank.
And the interest rate on these reserves can sometimes be higher than what the bank would earn on loans or other investments.
Additionally, holding excess reserves can provide a cushion against unexpected withdrawals amount or other liquidity needs.
However, holding too many excess reserves can also be costly for the bank as it means they are not using their funds efficiently to generate profits.
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HELP PLEASE SOS
carrefour's type of delegation and it's advantages and disadvantages
Answers
Answer:
advantages: delegations involve the assignment to others authority for specific functions, tasks, and decisions.
disadvantages: delegations reduces management, stress, workload.
Notices provide a cheap way of communicating the same information to a large number of people but they may not be read, or may be ignored. True or false ?
Answers
Answer:
True
Explanation:
Notices can be regarded as a form of
formal communication to pass information to particular person as well as group of people. This could be inform of invitation to attend a meeting, legal notice from court, announcement of a particular event,
What does it mean to use diverse marketing strategies?
Answers
Answer:
Diversity refers to the fact that there are various ethnic or cultural groups within society. By using diverse marketing strategies, you appreciate this societal makeup with all of its different talents, needs, interests, and skills. It also means tolerating different preferences and ways of life — even in religious or sexual orientation.
Explanation:
the opportunity costs of a decision may include each of the following types of costs except: a. out-of-pocket financial costs
b. nonfinancial costs
c. forgone financial costs
d. sunk costs
Answers
With the exception of sunk costs, all of the costs listed in option (d) may be considered opportunity costs when making a decision.
Should sunk costs be taken into account?Since it is believed that they have no effect on short- and long-term financial issues, unnecessary expenses are frequently ignored when making decisions at work. The term "sunk costs" refers to expenditures that have already taken place, whereas "relevant costs" refer to expenditures that will take place in the future but have not yet.
An opportunity cost might be regarded as sunk costs.
When choosing between options, you forfeit opportunity cost. The best option must always be chosen to reduce opportunity cost. A paid-in expense, on the other hand, is referred to as a sunk cost. Since you already paid for it, you can't return it.
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You have a copy of an invoice sent to a customer for services provided on account. What would the T account look like after analyzing this transaction?
Accounts Payable is credited to increase, and Sales is debited to increase.
Accounts Payable is debited to increase, and Sales is credited to increase.
Accounts Receivable is credited to increase, and Sales is debited to increase.
Accounts Receivable is debited to increase, and Sales is credited to increase.
Answers
The way that the the T account look like after analyzing this transaction is D. Accounts Receivable is debited to increase, and Sales is credited to increase.
What is a T account?A T-account is a colloquial term for a collection of financial records that use double-entry bookkeeping. A T-account is so named because the bookkeeping entries are organized in the shape of a T. Just above the T is the account title.
Accounts receivable are the funds owed by a company's customers for goods or services received but not yet paid for. When a customer purchases a product on credit, the amount owed is added to the accounts receivable.
Therefore, when you have a copy of an invoice sent to a customer for services provided on account, the accounts receivable is debited to increase.
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