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2 years ago

Below is budgeted production and sales information for Octofic Cans Inc. for the month of March:

Business

2 answers:

Dahasolnce [82]2 years ago

7 0

Answer:

The Budgeted sales for the month are 108,000 units. The right answer is b.

The true answer is c. Unit variable cost remains constant with changes in production

Explanation:

In order to calculate the Budgeted sales for the month we would have to calculate the following formula:

Budgeted sales= Estimated sales + Desired ending inventory - Beginning inventory

= (85,000+25,000)+4,000 - 6,000

= 108,000 units

The Budgeted sales for the month are 108,000 units

Variable cost per unit remains same even though there's a change in output. Hence, Unit variable cost remains constant with changes in production.

Murljashka [212]2 years ago

5 0

Answer: 108,000 ; Unit variable cost remains constant with changes in production

Explanation:

The sales budget is part of the main budget and it is used to predict the amount of revenue that will be gotten from sales of a particular good or services. For this question, the budgeted sales for the month will be the estimated sales added to the desired ending inventory, then the beginning inventory is subtracted. This will be:

= (85,000+25,000) + 4,000 - 6,000

= 110,000 + 4,000 - 6,000

= 108,000

The thing true about the variable cost is that the variable cost per unit will remain the same even though there is a change in output. Therefore, option C is the right answer.

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Solar Innovations Corporation bought a machine at the beginning of the year at a cost of $40,000. The estimated useful life was

Mrac [35]

Answer:

Schedule is in the MS Excel file attached with this answer.

Explanation:

Straight Line depreciation is a method of depreciation in which the cost of the asset net of residual value is divided over useful life.

Unit of production method Depreciate the asset based on the production for the period done by asset and total lifetime production capacity of the asset..

In double declining method the double depreciation is charged.

Download xlsx

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2 years ago

If you have a cb radio, you can turn to channel ___________ and request police assistance. 5 12 10 9

lawyer [7]

The origin of the CB (citizen Band) radio dates back to 1940. The Federal Communications Commission (FCC) took the role of administering a local radio to use it for personal and business purposes. In order to the listen or request for police assistance, one may turn to channel 9.

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1 year ago

Chocolotto, a chocolate manufacturer, displays a brown dot in a brown square symbol, instead of a green dot in a green square sy

Naddika [18.5K]

Answer: social requirements

Explanation: In simple words, social requirements refers to the steps and precautions that a firm should take for operating their business efficiently in an environment.

The Indian community consist of a large number of vegetarians having religious sentiments that do not allow them to eat non veg. Thus, it is necessary for the firm to properly communicate them the presence of animal based ingredients in the product.

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2 years ago

David Spear invested $14,000 today in a fund that earns 10% compounded annually. Click here to view factor tables To what amount

docker41 [41]

Answer:

The investment will grow to $20,497 in four years if interest is compounded annually.

On other hand, the investment will grow to $20,684 if interest is compounded at 10% semi-annually

Explanation:

Using compound interest formula below the,the total investment after four years:

A=P(1+r/n)^nt

A=Future value

P=Principal amount invested

n=number of time interest is paid per time period

t=number of time period

First question:

P=$14000

r=10%

n=4 years

t=1 period

A=$14000*(1+0.1)^4

A=$20497.4

Second question

P=$14000

r=10%

n=4years

t=2 times

A=$14000*(1+0.1/2)^4*2

A=$20684.38

In short , the investment grows better if the interest is compounded at 10% semi-annually.

8 0

2 years ago

In the current year, Norris, an individual, has $52,000 of ordinary income, a net short-term Capital loss (NSTCL) of $9,800 and

Tanya [424]

Answer:

The answer is an offset against normal income of $3,000 and a NSTCL move forward of $3,900.

Explanation:

Solution

Given that:

The net short term capital loss=$9800

The net Long term capital gain=$2900

The net short term capital loss is =$6900

Thus

In this case, 3000 is allowed to be set off against ordinary income and the balance of (6900 - 3000) = 3900 can be moved forward or over.

Therefore Norris report implies that an offset against normal income of $3,000 and a NSTCL carry forward of $3,900.

3 0

2 years ago