Required: ditis of musk oll will be on hand to start the first quarter of Year 2 Prepare a direct materials budget for musk oll, by quarter and in total, for Year 2 Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materials needed Units of raw materials to be purchased Unit cost of raw materials Cost of raw materials to purchased Mink Caress Direct Materials Budget-Year 2 First Quarter Second Quarter Third Quarter Fourth Quarter 62,000 92,000 152,000 102,000 3 186.000 74,400 276,000 456.000 306,000

Q: Explain CMO Mechanics?

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A: Internal Control:   Internal control refers to the policies, and plans of the business organization…

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A: Financial transactions involve the parties and intermediaries to carry out transactions. Such as…

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A: Vouching is the process that involves reviewing of original evidence to check whether the…

Q: What is Gordon model?

A: Intrinsic value of a stock is based on the internal information of an organization. That is, market…

Q: What is Glass-Steagall Act?

A: Glass-Steagall Act splits up the investment and commercial banking segments of an investment bank.

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A: NIC:  NIC stands for network interface card. NIC is an electronic device that provides circuit to…

Q: Are these written in your own words?

A: Yes the answer is writtern in own words. Please find a alternate answer below

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A: Example of CIRO: A note book valued at $5 CAD is being transported through courier would be exempt…

Q: What islockbox system?

A: Banks provide various services to the organizations such as lock box facility, overdraft facility,…

Q: What is BATNA?

A:

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A: A payroll journal is a written record of accounting transactions pertaining to payroll. Payroll…

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A: ‘’Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: What is Miller model?

A: It represents the impact of individual taxes or personal taxes into the valuation of a levered firm,…

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A: We shall answer the first question since the exact one was not specified. Please resubmit a new…

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A: EDI: EDI or Electronic data interchange refers to as a system designed to share encrypted…

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Q: What is PNL?

A: The term PNL is used in accounting, finance, and business to refer profit and loss.

Q: Can you help with the second part?

A: Cost of goods sold is the cost of the value of the inventory which has been sold during the period…

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A: Just in time production represents the reduction in labor, material, and time so that the cost could…

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A: Introduction:- The Sarbanes–Oxley Act of 2002 is a federal law in the United States that sets…

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A: The term ‘Alpha’ refers to the active return on investment. In other words, the excess return from…

Q: How about the last question?

A: Here,Operating Cash Flow is $63,745Cash Flow to Creditors is $22,100Cash Flow to Stock Holders is…

Q: I need help with this

A: Hi student Since there are multiple subparts, we will answer only first three subparts.

Q: What is the Baumol model, and how is it used?

A: The Baumol model, also known as the Baumol-Allais-Tobin (BAT) model, is a cash management model. In…

Master Budget

A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making. 

Sales Budget and Selling

A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.