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yulyashka [42]
2 years ago
12

Betz Company's sales budget shows the following projections for next year: Inventory at the beginning of the year was 18,000 uni

ts. The finished goods inventory at the end of each quarter is to equal 30% of the next quarter's budgeted unit sales. How many units should be produced during the first quarter
Business
1 answer:
Juliette [100K]2 years ago
8 0

Question

Betz Company's sales budget shows the following projections for next year:

Sales in Units: 1st Quarter = 60,000; 2nd Quarter = 80,000; 3rd Quarter = 45,000; 4th Quarter = 55,000

Inventory at the beginning of the year was 18,000 units. The finished goods inventory at the end of each quarter is to equal 30% of the next quarter's budgeted unit sales. How many units should be produced during the first quarter

Answer:

Production budget = 66,000 units

Explanation:

<em>The expected units of a product that a business estimates to manufacture given its sales budget and inventory is known as the production budget. </em>

The production budget can bed determined by adjusting the sales budget for closing and opening inventories.

Production budget = Sales budget +closing inventory - opening inventory

Opening inventory = 18,000

Closing Inventory units = 30% × 2nd quarter budget

Inventory units = 30% × 80,000=

Production budget = 60,000 + 24,000 - 18,000=66,000 units

Production budget = 66,000 units

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Frederick W. Taylor is speaking to a friend about scientific management. Which of the following statements might Frederick say?
zvonat [6]

Answer:

(A) The best way to increase your workers' productivity is to study their movements carefully. Figure out the fastest way to get the job done correctly, and then train all of the employees to do it the same way.

(B) Are you promoting people just because you like them? Try having managers make promotion decisions solely on the basis of a person's technical ability to do the work.

Explanation:

<em>Scientific Management theory</em> laid out by <em>Frederick W. Taylor</em> focuses on <em>effective (best) and efficient (less costly)</em> way of getting the work done.

(1) Statement A focuses on <em>motion and time studies</em> respectively.

In <em>motion studies</em>, we are concerned with elimination of unnecessary movements and activities required to perform a job. For eg, in order to manufacture 100 packets of biscuits, 5 processes are required but the processes currently used are 10, so 5 processes must be eliminated in order to save time and costs.

<em>Time studies</em> implies setting up time for performing a particular work activity. The time must be same for all the workers and could be based on the past factory time data of the activity. For eg, an average time per worker can be calculated for the activity taking into consideration the total time spent by total no. of workers on a particular work activity.

(2) Statement B focuses on promoting the persons based on their technical ability to do the work.

<em>Differential piece wage system</em> of F.W. Taylor applies perfectly to this statement. It prescribes paying workers as per the work done by them. For eg, a worker producing 15 units of a good per day would be paid $ 12 a unit, let's suppose and the worker producing less than that would be paid $ 10 a unit. So, the workers producing 15 and more units of a good, have higher technical ability with respect to the production of that good and hence, higher pay. The workers producing less than 15 units have lower technical ability and hence lower pay.

(3) Statement 3 relates to the administrative principle of "Unity of Command" laid out by Henry Fayol and hence, is not the solution statement.  

4 0
1 year ago
The Maurer Company has a long-term debt ratio of .60 and a current ratio of 1.20. Current liabilities are $940, sales are $5,120
garri49 [273]

Answer:

The amount of the firm's net fixed assets is $4,321

Explanation:

Profit margin = Net income/ Sales

Net income = Profit margin x Sales = 9.30% x $5,120 = $476.16

ROE = Net Income/Equity

Equity = Net Income/ROE = $476.16/16.90% = $2,818

Long-term debt ratio = Long-term debt/Equity

Long-term debt = Long-term debt ratio x Equity = 0.6 x $2,818 = $1,691

Basing on accounting equation:

Total asset =Current Liabilities + Long-term debt + Equity = $940 + $1,691 + $2,818 = $5,449

Current ratio = Current asset/Current Liabilities

Current asset = Current ratio x Current Liabilities = 1.2 x $940 = $1,128

Fixed assets = Total asset - Current asset = $5,449 - $1,128 = $4,321

5 0
2 years ago
Mulligan Manufacturing Company uses a job order cost system with overhead applied to products at a rate of 150 percent of direct
7nadin3 [17]

Answer:

a) 25000 labor x 150% rate =37,500 overhead

b) total manufacturing cost:

12,000 +25,000 + 37,500 =  74,500

d) labor  = overhead / 1.5 = 18000 / 1.5 = 12,000

c) total less labor les maufacturing = materials

45,000 - 18,000 - 12,000 = 15,000

e) to solve for labor we express overhead in function of labor:

materials + labor + 1.5labor = total manufacturing

15,000 + 2.5 labor = 35,000

labor = (35,000 - 15,000) / 2.5 = 8000

f) overhead: 8,000 x 1.5 = 12,000

Table to fill:

Direct Material used

12,000    //   c    //   15,000

Direct labor

25,000  //   d   // e

Manufacturing overhead applied

a   //  18,000 //  f

Total current manufacturing costs  

b   //  45,000   //  35,000

Explanation:

4 0
2 years ago
Portraits. Belinda, a famous portrait painter, agreed to paint Harry's portrait for $5,000. She also agreed to paint the portrai
Otrada [13]

Answer:

Fred will win because the right to receive payment could be validly assigned.

Explanation:

all contract gives room for some certain rights and duties. By an obligation, the individual whose right it is to receive payment will transfer the right to collect that same payment from the same person (obligor) to any other person (third person).

Going by the question above Belinda, the well-known portrait painter is the obligee who transfers the right to receive payments from the obligors to a third party named Fred who is stands as an assistant. It was clearly stated in the question that “Belinda also assigned to Fred the right to receive payment from Harry. Neither the contract Belinda had with Harry nor the contract she had with Michelle expressly prohibited assignment or delegation of contractual rights and duties.”

Going by this above statement then one can confirm it very clear that the payment could be assigned and receiving the payment is within Fred’s right.

6 0
1 year ago
The ____ structure is considered the simplest and the oldest form of organizational structure.
valina [46]
The line structure is considered the simplest and the oldest form of organizational structure.
Line Structure.It is the direct chain of command throughout organization.
The Line managers are the ones who decide and command the workers. It should be quick decisions and they are accountable for the said decisions.
They must have a wide range of knowledge.
4 0
2 years ago
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