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1 year ago

The Year 1 selling expense budget for Apple Corporation is as follows:

Business

1 answer:

lesya [120]1 year ago

8 0

Answer:

$5,960

Explanation:

Fixed portion of Miscellaneous expenses = $2,000

Variable portion of Miscellaneous expenses = ($5,300 - $2,000) / $275,000

= $3,300 / $275,000

= $0.012 of sales

Miscellaneous expenses in the Year 2 selling expense budget = (Budgeted sales * Variable portion) + Fixed portion

= ($330,000 * $0.012) + $2,000

= $3,960 + $2,000

= $5,960

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The Marine Corps refer to the United States Marines Corps, a branch of the U.S. Army who is responsible for conducting expedition and amphibious operations with multiple branches of the military, which includes the Navy, Army, and the Air Force.

The answer to the question is size and capacity vs. speed and flexibility.

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1 year ago

Read 2 more answers

The following information is available for Wildhorse Co. for the month of January: expected cash receipts $59,320; expected cash

Margarita [4]

Answer:

Ending cash balance$8,230

Explanation:

Preparation of basic cash budget for the month of January.

Wildhorse Co CASH BUDGET for the month of January

Beginning cash balance$11,890

Add: Cash receipts $59,320

Total cash available $71,210

($59,320+$11,890)

Less: Cash disbursements ($66,850)

Excess of available cash over cash disbursements $4,360

Financing needed $3,870

($8,230-$4,360)

Ending cash balance$8,230

Therefore the basic cash budget for the month of January will be $8,230

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1 year ago

Danielle has a blog with her website and wants to evaluate the engagement of her readers. Her blog posts usually take at least 4

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I have a tought that is destination because it goes on so

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2 years ago

On December 28, 20Y3, Silverman Enterprises sold $18,500 of merchandise to Beasley Co. with terms 2/10, n/30. The cost of the go

Lina20 [59]

Answer:

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Jan. 7, 20Y4

Dr Cash 14,210

Dr Sales discount 290

Cr Account receivable - Beasley co. 14,500

Explanation:

A. Preparation of the Journal to record the December 28, 20Y3 sale, using the net method under a perpetual inventory system

Dec. 28, 20Y3

Dr Account receivable - Beasley co. 18,500

Cr Sales 18,500

Dec. 28, 20Y3

Dr Cost of goods sold 11,200

Cr Inventory 11,200

B. Preparation of the journal entries to record the merchandise returned

Jan. 3, 20Y4

Dr Sales return and allowance 4,000

Cr Account receivable - Beasley co. 4,000

Jan. 3, 20Y4

Dr Inventory 2,350

Cr Cost of goods sold 2,350

C. Preparation of Journal entry to record the receipt of the amount due

Jan. 7, 20Y4

Dr Cash 14,210

[(18,500-4,000)-(18,500-4,000)*2% ]

Dr Sales discount 290

[(18,500-4,000)*2% ]

Cr Account receivable - Beasley co. 14,500

(18,500-4,000)

8 0

2 years ago

MasterCom Corporation corporation produces a semiconductor chip used on communications. the direct materials are added at hte st

Mariana [72]

Answer:

a. The equivalent units of work done in June= 450,000

b. The total manufacturing cost per chip= $ 12.199= $ 12.2

Explanation:

a. The equivalent units of work done in June

Units Started 475,000

Units Completed 425,000

Units still in Process completed 50% = (50,000 * 50%) 25,000

The equivalent units of work done in June = 450,000

b. The total manufacturing cost per chip

Direct material cost $935,750

Conversion costs $4,554,000

The total manufacturing $ 5489750

The total manufacturing cost per chip = $ 5489750/450,000

The total manufacturing cost per chip = $ 12.199= $ 12.2

3 0

2 years ago