Pluta Company plans the following beginning and ending inventory levels (in units) for January: Raw materials April 1 80,000 April 30 100,000 Work in process 20,000 20,000 Finished goods 160,000 100,000 Two units of raw material are needed to produce each unit of the finished product. If the company plans to sell 960,000 units during April, the number of units it would need to manufacture during April would be
Q: ???
A: Step 1: Step 2: Step 3: Step 4:
Q: A company reported the following data for the year ending 2018: Description Amount Sales $400,000…
A: Net Sales = Gross Sales - Sales Discount - Sales returns and allowances.Gross sales: 400,000Sales…
Q: You purchase a bond with a coupon rate of 6.25% and a par value value of $1,000. There are 53 days…
A: You purchase a bond with a coupon rate of 6.25% and a par value of $1,000. There are 53 days to the…
Q: Question
A:
Q: Depending on the industries you audit, you may find yourself performing inventory counts of some…
A: One peculiar inventory experience that an auditor might encounter is auditing a large zoo. The zoo…
Q: Get the Answer
A: Step 1: Data ProvidedTotal Sale, TS = $ 2,710,000Cost Price, CP = $ 2,040,000Overhead Expenses, OE…
Q: Want to give you a correct answer
A: Step 1: Given Value for Calculation Sales = s = $4.05 millionCost of Goods Sold = cogs =…
Q: Answer provide Answer with calculation
A: To find the beginning and ending amounts of equity for Keller Company, we can use the basic…
Q: Factory overhead cost variance report Feeling Better Medical Inc., a manufacturer of disposable…
A: Feeling Better Medical Inc.Factory Overhead Cost Variance Report—Assembly DepartmentFor the Month…
Q: Please give answer
A: Step 1: Introduction to the Gross Profit:Gross profit is the amount that shows the efficiency of the…
Q: B&B Inc. is a manufacturer of digital cameras. It has two departments: assembly and testing. In…
A: Step 1: Step 2: Step 3: Step 4:
Q: help please answer in text form with proper workings and explanation for each and every part and…
A: To determine the correct journal entry, we need to calculate the amount Sensamatic, Incorporated,…
Q: ! Required information [The following information applies to the questions displayed below.] Stevens…
A: Step 1:Step 2:Step 3: ( If you have any questions related to this problem please feel free to ask…
Q: Your boss asks you to compute the company's cash conversion cycle. Looking at the financial…
A: To calculate the cash conversion cycle, we need to find the days inventory outstanding (DIO), days…
Q: Which of the following is not a net asset category reported by not-for -profit entities? A.…
A: A. Unrestricted net assetsThe assets in this class have no donor-imposed restrictions, meaning that…
Q: Identify which of the following option is correct for the process costing system. Process cost…
A: A process costing system is a method of assigning production costs to mass-produced goods. Each unit…
Q: Inventory records for Eliza Company revealed the following: Date Transaction March 1 Beginning…
A: Step 1: TransactionNumber of units (a)Unit cost (b)Total cost (a x b)Beginning…
Q: Need Help about this Question
A: Given information, Net income = $15,985Tax rate = 35% or 0.35Interest expense = $3,886Depreciation…
Q: Short-term investments accountants must report on the balance sheet (depending on circumstances)…
A: Short-term investments that accountants must report on the balance sheet are trading securities or…
Q: Product cost markup percentage Green Thumb Garden Tools Inc. produces and sells home and garden…
A:
Q: Provide the Correct answer
A: To calculate the corporation's taxable income, we need to follow these steps:1. Start with the gross…
Q: Answer
A: Step 1: The calculation of the return on equity AB1Total assets $212,000.00 2Debt-equity…
Q: Question: Given that a company has an income statement as follows: Sales Costs 145,000 86,000 Other…
A: Step 1: The calculation of the operating cashflow and cash flow to creditors AB1Sales $145,000.00…
Q: Please provide Solutions
A: Given:Net Income= $15985Tax rate= 35%Interest expense= $3886Depreciation expense= $2565 Calculate…
Q: need answer of this both questin
A: Thank you,Please rate my response.
Q: Lucia Company has set the following standard cost per unit for direct materials and direct labor.…
A: The direct materials price variance is calculated as (AP - SP) * AQ. Here, AP is the actual price…
Q: Solve this problem
A: Step 1: Step 2: Step 3: Step 4:
Q: Given: princial $10,000, interest rate 8%, time 240 days (use ordinary interest). Partial payments:…
A: Step 1: Calculate the initial interest accrued before the first paymentPrincipal: $10,000Interest…
Q: min.3 answer must be in proper farmat not use AI or i will five down vote
A: Net earnings=191, 600Taxable Income= 191, 600 x 92.35%Taxable Income= 176,942.60 Self Employment Tax…
Q: On September 1, the Blending Department of Jo's Bakery had costs carried forward from August…
A: Question: 1Transferred Out Costs CalculationMany manufacturing processes involve multiple…
Q: A lamp is made up of 4 primary parts. For the lamp to work, all four parts must work. Here are the…
A: Here wiring ,switch ,socket and two bulbs are independent of each other.AlsoReliability = P(item…
Q: Chrome File Edit View History Bookmarks Profiles Tab Window Help [35] Thu Jun 27 3:44 PM ► YouTube →…
A: To help you with your journal entries for the bond issued, we need to complete the amortization…
Q: QUESTION: At the beginning of the year, Keller Company's liabilities equal $60,000. During the year,…
A:
Q: I want the Answer please without any problem
A: Step 1: Step 2: Step 3: Step 4:
Q: Need
A: To determine Harmony's self-employment taxes for her Schedule C income, we follow these steps: Step…
Q: Under FIFO method, if you sold on credit at a unit price of $20, first 4 units at a cost of $10…
A: Step 1: Determine the sales revenue to be reversed.The units were sold at a unit price of $20.6…
Q: Need help with this Question
A: Solution Particulars Amounts Total days in half year 182.00 53 days to the next semiannual coupon…
Q: As a natural resource asset is consumed, accountants record the cost of the asset using:…
A: Natural resource assets are tangible assets that are part of the earth's natural resources. Examples…
Q: Sep. 10: Made payment to Shallin Wholesalers for goods purchased on September 3, less return and…
A: 1. debit Accounts Payable - the debited amount should be the Accounts payable previously credited…
Q: Get Answer please provide Solutions with explanation of the question
A:
Q: 2. Provide and explain two general types of prospective financial statements as defined in ISAE 3400…
A: Prospective financial statements are forward-looking financial statements that present, to the best…
Q: aj.3 answer must be table format or i will give down vote
A: In this scenario, Love Corporation is declaring a cash dividend of $49,000 on May 1, to be paid on…
Q: Lewis Enterprises is considering relaxing its credit standards to increase its currently sagging…
A: In this problem, you need to evaluate the proposed credit policy relaxation and determine whether it…
Q: The following are all classified as long-term liabilities EXCEPT: Deferred income taxes.…
A: Long-term liabilities are financial obligations of a company that are due more than one year in the…
Q: Problem solve
A: Step 1: Introduction to the Accrued Expenses:An accrual that is prepared during the adjusting…
Q: None
A: Beginning finished goods inventory 50,000.00 Cost of goods manufactured 880,000.00 Ending…
Q: Please give answer of this Question
A: Consider,Given data,Unit sales = 2900Price per unit = $220Variable cost per unit = $ 160Fixed costs…
Q: PLEASE Provide Answer With Correct Solution
A: Step 1:
Q: The following balance was extracted from the books of ABC Ltd at 31 December 2017. REGAL GUL 9. The…
A:
Q: answer
A: Operating Cash Flow = Net Income + Depreciation Operating Cash Flow = 27,300+7,400 Operating Cash…
Step by step
Solved in 2 steps
- Production information shows these costs and units for the smoothing department in August. What is the value of the inventory transferred out to finished goods and the value of the WIP inventory at the end of the month, assuming conversion costs are 30% complete?A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700 in April. Each pole requires a half pound of material, which costs $1.20 per pound. The companys policy is to have enough material on hand to equal 10% of the next months production needs and to maintain a finished goods inventory equal to 25% of the next months production needs. What is the budgeted cost of purchases for March?
- The sales department of F. Pollard Manufacturing Co. has forecast sales in March to be 20,000 units. Additional information follows: Materials used in production: Prepare the following: a. A production budget for March (in units). b. A direct materials budget for the month (in units and dollars).The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 5,600 2nd 3rd 4th Quarter Quarter Quarter 8,600 7,600 6,600 In addition, 6,600 grams of raw materials Inventory is on hand at the start of the 1st quarter and the beginning accounts payable for the 1st quarter is $3,480. Each unit requires 8.60 grams of raw material that costs $1.20 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending Inventory for the 4th quarter is 8,600 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.20 direct labour-hours and direct labourers are paid $10.30 per hour. Required: 1. Prepare the company's direct materials purchases budget and schedule of expected cash disbursements for…The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 12,000 15,000 14,000 13,000 In addition, 15,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $6,200. Each unit requires 5 grams of raw material that costs $1.80 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 5,000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.40 direct labor-hours and direct laborers are paid $13.50 per hour. Required: 1. and 2. Calculate the estimated grams of raw material that need to be purchased and the cost of raw material…
- Uli Industrial has estimated that production for the next five quarters will be: Production Information 1st quarter, 2020 47,700 units 2nd quarter, 2020 43,200 units 3rd quarter, 2020 52,200 units 4th quarter, 2020 40,800 units 1st quarter, 2021 49,300 units Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $300,510 of raw material on hand at the beginning of the first quarter, 2020. Uli desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Uli Industrial for 2020. Uli Industrial Direct Materials Purchases Budget For the Year Ending December 31, 2020 Quarter 1 Quarter 2 Quarter 3 Quarter 4 $ $ $ $ $ $ $ %24 %24 %24 %24 %24The controller of Moonshine has requested a quick estimate of the manufacturing supplies needed for July when production is expected to be 470,000 units. Below are actual data from the prior three months of operations: Production in units Manufacturing supplies March 450,000 April 540,000 May 480,000 Using these data and the high-low method, what is the best estimate of the cost of manufacturing supplies that would be needed for July? (Assume that this activity is within the relevant range.) a. $755,196 b. $752,060. C. $781,060. d. $723,060 853,560 $805,284 766,560The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 23,000 26,000 25,000 24,000 In addition, 34,500 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $8,400. Each unit requires 6 grams of raw material that costs $1.60 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter’s production needs. The desired ending inventory for the 4th Quarter is 6,000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.20 direct labor-hours and direct laborers are paid $14.50 per hour. Required: 1.&2. Calculate the estimated grams of raw material that need to be purchased and the…
- The production department of Zan Corporation has submitted Le following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced In addition, 7,700 grams of raw materials inventory is on hand at the start of the 1st quarter and the beginning accounts payable for the 1st quarter is $4,580. Required production in units of finished goods Each unit requires 9.70 grams of raw material that costs $160 per gram Management desires to end each quarter with an inventory of raw materials equal to 20% of the following quarter's production needs. The desired ending inventory for the 4th quarter is 9,700 grams. Management plans to pay for 80% of raw material purchases in the quarter acquired and 20% in the following quarter. Each unit requires 0.40 direct labour-hours and direct labourers are paid $8.10 per hour. Required: 1. Prepare the company's direct materials purchases budget and schedule of expected cash disbursements for materials for the upcoming fiscal…The controller of Joy Co has requested a quick estimate of the manufacturing supplies needed for July when production is expected to be 470,000 units. Below are actual data from the prior three months of operations: March April May Multiple Choice $752,060 Production in units $755,196 450,000 540,000 480,000 Using these data and the high-low method, what is the best estimate of the cost of manufacturing supplies that would be needed for July? (Assume that this activity is within the relevant range.) Manufacturing supplies $723,060 853,560 766,560The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 23,000 Units to be produced 26,000 25,000 24,000 In addition, 34,500 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $8,400. Each unit requires 6 grams of raw material that costs $1.60 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 6,000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.20 direct labor-hours and direct laborers are paid $14.50 per hour. Required: 1. and 2. Calculate the estimated grams of raw material that need to be purchased and the cost of raw material…
