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joja [24]
2 years ago
10

Marvel Woodcraft makes furniture. Marvel’s expected sales are 20,000 bookcases for the quarter. The company begins the quarter w

ith inventory of 3,000 bookcases and wants to have enough finished bookcases on hand at the end of the quarter to provide for 15% of the next quarter’s expected sales of 24,000 bookcases. Based on this information, how many bookcases need to be produced during the quarter?
Business
1 answer:
siniylev [52]2 years ago
5 0

Answer:

Total production= 20,600 units

Explanation:

Giving the following information:

Marvel’s expected sales are 20,000 bookcases for the quarter. The company begins the quarter with an inventory of 3,000 bookcases and wants to have enough finished bookcases on hand at the end of the quarter to provide for 15% of the next quarter’s expected sales of 24,000 bookcases.

Sales= 20,000 units

Ending inventory= (24,000*0.15)= 3,600

Beginning inventory= 3,000 (-)

Total production= 20,600 units

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Smiley Corp.'s transactions for the year ended December 31, 2018 included the following:
mixas84 [53]

Answer:

b. -$350,000

Explanation:

The calculation of net cash used in financing activities is shown below:-

Net cash used in cash flow from financing activities = Borrow from bank - Dividend paid + Issue common Stock - Loan repaid

= $1,250,000 - $1,200,000 + $500,000 - $900,000

= -$350,000

Therefore for calculating the net cash used in financing activities we simply applied the above formula.

7 0
2 years ago
Read 2 more answers
The Skagit Company manufactures Hooks and Nooks. The following shows the activities per product and total activity information:
gladu [14]

Answer:

Total factory overhead to be charged to each unit of Hooks is $33

Explanation:

Sum of all Activity Cost = Total Factory Overhead

Calculate the total factory overhead to be charged to each unit of Hooks

Activity rate = Budgeted amount / Total of each activity base

∴ Activity Rate

      For Setups = 60,000 / 20,000 = 3 per setup

      For Inspections = 120,000 / 24,000 = 5 per inspections

      For Assembly = 420,000 / 28,000 = 15 per dlh

Activity Cost = Activity base for each unit * Activity rate

∴ Activity Cost

      For Setups = 1 x 3 = $3

      For Inspections = 3 x 5 = $15

      For Assembly = 1 x 15 = $15

Recall that;

Sum of all Activity Cost is the Total Factory Overhead

= $3 + $15 + $15

= $33

8 0
2 years ago
At a sales volume of 40,000 units, Lonnie Company's total fixed costs are $40,000 and total variable costs are $60,000. The rele
eduard

Answer:

$115,000

Explanation:

Calculation for the total expected cost

First step is to find the variable cost per unit

Variable costs per unit= 60,000/40,000

Variable costs per unit= 1.50 per unit.

Second step is to find the Total variable costs

Total variable costs =50,000 units × 1.50 per units

Total variable costs=$75,000

Last step is add the total fixed costs of the amount of $40,000 to the Total variable costs of $75,000

Total expected cost =$75,000+$40,000

Total expected cost =$115,000

Therefore the total expected cost will be $115,000

3 0
2 years ago
The following data relate to direct materials costs for February: Materials cost per yard: standard, $2.00; actual, $2.10 Standa
Arlecino [84]

Answer:

Price variance will be $4512.5 ( Unfavorable )

Explanation:

We have given standard material cost per yard = $2

Actual material cost per yard = $2.10

Standard yards per unit = 4.5

And actual yards per unit = 4.75

Units of production = 9500

Total number of actual quantity used = 9500×4.75 = 45125

So direct material price variance = ( standard price - actual price ) × actual quantity used = ( $2 - $2.1 ) × 45125 = -$4512.5

So price variance will be $4512.5 ( Unfavorable )

6 0
2 years ago
A monopolist makes self‑cleaning jackets. At a price of $100 each, it can sell 20 jackets. At a price of $98 each, it can sell 2
tatiyna

Answer:

The answer is $2,000

Explanation:

A monopolist is a single seller in the industry. A monopolist can influence the market price because he is the only one selling the product in the industry and has many buyers. Monopoly is an imperfect market and there are price discriminations in this market. A monopolist can charge different prices for different people.

We have first degree price discriminations, second degree price discriminations and third degree price discriminations.

Total revenue = selling price x units sold

Selling price is $100

Units sold is 20 jackets

Total revenue is therefore, $100 x 20 jackets

=$2,000

6 0
2 years ago
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