On January 1, 2022, the Sunland Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2022.
Sales units: First quarter 5,700; second quarter 6,840; third quarter 7,980.
Ending raw materials inventory: 40% of the next quarter's production requirements.
Ending finished goods inventory: 25% of the next quarter's expected sales units.
Third-quarter production: 8,330 units.
The ending raw materials and finished goods inventories at December 31, 2021, follow the same percentage relationships to production and sales that occur in 2022. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound.
Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2022.

Answers

Answer 1

The preparation of Sunland Company's Direct Materials Budget for the First and Second Quarters ended June 30, 2022 is as follows:

                                    First Quarter  Second Quarter

Ending raw materials        12,654             9,996 (3,332 x 3)

Production requirement  26,505            31,635 (10,545 x 3)

Materials available           39,159              41,631

Beginning inventory        10,602             12,654

Purchases                       28,557             28,977

Cost of purchases     $114,228         $115,908 ($28,977 x $4)

Data and Calculations:

                                   First Quarter  Second Quarter   Third Quarter    Total

Sales units                        5,700                 6,840                   7,980

Ending inventory               1,710                  1,995

Units available for sale    7,410                  8,835

Beginning inventory        1,425                   1,710                    1,995

Production requirement 8,835               10,545                    8,330

Thus, the direct materials budget for Sunland Company is prepared as above.

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Related Questions

In 2019, Krista paid $1,600 in qualified adoption expenses to adopt a U.S. child. The adoption was not finalized, and in 2020, she paid an additional $2,500 in qualified adoption expenses. The adoption failed again in 2020 and never became final. What is the maximum amount Krista may be eligible to claim for the Adoption Credit on her 2020 return

Answers

Considering the available options, the maximum amount Krista may be eligible to claim for the Adoption Credit on her 2020 return is "$4,100."

Adoption Credit Information

Based on the rules and regulations made by the government, if an individual made more than one attempt to adopt one eligible U.S. child, such individual should add the amounts spent and complete only the “Child 1” line.

However, it is allowed to complete more than Child 1 line when individuals adopt or tried to adopt two or three eligible children.

This implies that Krista would have to add the expenses together, which is $1,600 + $2,500 = $4,100.

Hence, in this case, it is concluded that the correct answer is "$4,100."

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The value proposition is____

Answers

Answer:

A value proposition states the: specific benefits a product or service offering provides to a buyer.

Explanation:


A value proposition states the: specific benefits a product or service offering provides to a buyer.

Harper Motors sells 32 cars per month at an average price of $24,360. The carrying cost per car is $144 and the fixed order cost is $687. How many orders should the company place per year

Answers

The number of orders that the company should place per year is 6.34 orders.

Economic order quantity (EOQ) = (2* yearly demand*per order fixed cost/carrying cost per unit)^(1/2)

Economic order quantity (EOQ) = (2*(32*12)*687/144)^(1/2)

Economic order quantity (EOQ) = (2*384*4.7708)^(1/2)

Economic order quantity (EOQ) = 60.530772339

Economic order quantity (EOQ) = 60.53

Number of orders to be placed = Yearly demand / EOQ

Number of orders to be placed = (32*12)/60.53

Number of orders to be placed = 6.3439616719

Number of orders to be placed = 6.34 orders.

Therefore, the number of orders that the company should place per year is 6.34 orders.

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Chester has negotiated a new labor contract for the next round that will affect the cost for their product Coat. Labor costs will go from $2.95 to $3.55 per unit. Assume all period and other variable costs remain the same. If Chester were to absorb the new labor costs without passing them on in the form of higher prices, how many units of product Coat would need to be sold next round to break even on the product

Answers

Based on the fact that Chester decides to absorb the new labor cost, the units needed to breakeven would be 1,566 units.

The current fixed costs are $8,346.

The current contribution margin is $11,401

The units sold are:

= Sales / Selling price

= 30,785 / 16

= 1,924 units

The new contribution margin would be:

= Current contribution margin - Increase in labor costs

= 11,401 - ( (3.55 - 2.95) x 1,924)

= $10,255.60

Breakeven point is:

= Fixed costs / Contribution margin per unit

= 8,346 / (10,255.60÷ 1,924 units)

= 1,566 units

In conclusion, the breakeven point is 1,566 units

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Select True or False for each of the following statements about Types of Fraud, Scams, and Money Laundering
Red Flags.

Answers

Answer:

You Need To Provide More Information on the Question For An Answer

Explanation:

Not Information

The trade war between the USA and China has put pressure on the international supply chain. However, it also conditioned for transparency competition in world trade. Please analyse this argument point with agreement or disagreement. An example of the international supply chain is recommended to show for supporting your debated points.

Answers

it helps to you I guess

jas read it

Which of the following protects the brokers commission

Answers

The Safety clause is the options that protects the brokers commission.

What is the Safety clause?

This is a legal clause that states that a real estate broker is entitled to a commission if a sale occurs after the listing agreement expires.

Hence, among the options, the Safety clause is clause that offers protection to the brokers commission.

Therefore, the Option A is correct.

Missing options "a. Safety clause b. Listing price. c. Mediation d. MLS"

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#SPJ1

Explain why there are advantages to a movie studio operating in southern California, rather than in, say, Florida.

Answers

There are advantages to a movie studio operating in southern California

due to cheap labor and land and numerous scenery.

California is a state in which movie producers prefer operating in as a result

of cheap labor and land which helps to cut the cost needed for producing a

movie.

California also has a lot of scenery such as rivers, mountains etc which

makes the movies more appealing and  is also where Hollywood is located

which is where most movie production and promotion takes place.

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Suppose the economy is in long-run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes, then in the short run, real GDP will:____.
a. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
b. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.
c. rise and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.
d. fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be unaffected.

Answers

Suppose the economy is in the long run equilibrium. If there is a sharp increase in the minimum wage as well as an increase in taxes then in the short run, real GDP will

fall and the price level might rise, fall, or stay the same. In the long run, the price level might rise, fall, or stay the same but real GDP will be lower.

Given that this economy is in the long run equilibrium. Given a sharp increase in minimum wage and taxes, then real GDP will decrease in the short run as well as the price level.

In the long run it may stay the same. But the Real GDP will definitely be lower.

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You are starting a family pizza parlor and need to buy a motorcycle for delivery orders. You have two models in mind. Model A costs $8,200 and is expected to run for 7 years; Model B is more expensive, with a price of $13,600, and has an expected life of 9 years. The annual maintenance costs are $760 for Model A and $740 for Model B. Assume that the opportunity cost of capital is 9 percent. Calculate equivalent annual costs (EAC) of each models.

Answers

The equivalent annual costs of each model are as follows:

                                                Model A       Model B

Equivalent annual costs     $2,389.26   $3,008.47

Data and Calculations:

                                              Model A       Model B

Costs of motorcycle              $8,200        $13,600

Expected years of usage      7 years        9 years

Annual maintenance costs    $760          $740

Cost of capital = 9%

Annuity factor                       5.03295        5.99524

PV of annual maintenance  $3,825.04   $4,436.48

Total NPV of costs             $12,025.04  $18,036.48

Equivalent annual costs   $2,389.26  $3,008.47

                          ($12,025.04/5.03295)  ($18,036.48/5.99524)

Thus, the equivalent annual costs of each model are the dividend of the Total NPV costs divided by the Annuity Factor.

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a) Staples Corporation shows a credit balance of $21,500 in Allowance for Doubtful Accounts at December 31, 2017, before the current year's provision for uncollectible accounts. The accounts receivable aging schedule revealed the following:
Not yet due
1–30 days past due 31–60 days past due 61–90 days past due Over 90 days past due
Estimated Percentage Uncollectible
$250,000 3% 660,000 6% 125,000 12%
85,000 28% 25,000 42%
Compute the total uncollectible and journalize the entry on December 31, 2019, to record bad debts expense.

Answers

The total uncollectible for Staples Corporation is $74,900 and the journal entry is:

Date                  Account Title                                            Debit             Credit

Dec. 31              Uncollectible Account Expense           $74,900

                         Allowance for doubtful accounts                                 $74,900

Total estimated uncollectible is:

= (250,000 x 3%) + (660,000 x 6%) + (125,000 x 12%) x (85,000 x 28% + (25,000 x 42%)

= $96,400

The uncollectible account balance is:

= Estimated uncollectible - Allowance for doubtful debt credit balance

= 96,400 - 21,500

= $74,900

In conclusion, the total uncollectible balance is $74,900

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duffy company has a fiscal year ending on september 30, 2020. the adjusted trial balance at the end of the year is as follows: duffy company trial balance (adjusted) 30-sep-20 debit $37,400 $4,200 $6,200 11,000 3,900 70,000 120,000 80,000 18,600 123,500 7,800 18,000 14,400 12,000 21,900 548,900 credit cash inventory supplies accounts receivable prepaid insurance land equipment patent accumulated depreciation – equipment accounts payable mortgage payable (due 2024) interest payable salaries and wages payable unearned rent revenue dividends capital retained earnings, oct 1, 2019 sales revenue rent revenue cost of goods sold depreciation expense insurance expense supplies expense interest expense salaries and wages expense required: a) prepare a classified statement of financial position. b) journalize the closing entries c) prepare a post-closing trial balance $42,000 19,600 79,000 6,000 4,100 4,800 109,700 28,800 240,500 14,400 548,900 (10 marks) (5 marks) (5 mark

Answers

The preparation of a classified statement of financial position (balance sheet), closing entries, and post-closing trial balance is as follows:

a.  Statement of Financial Position (Balance Sheet)

As of September 30, 2020

Assets:

Current Assets:

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900    $62,700

Long-term Assets:

Land                                            70,000

Equipment                                120,000

Accumulated Depreciation      (18,600)

Patent                                        80,000

Other assets                               13,800  $265,200

Total assets                                             $327,900

Liabilities and Equity:

Current Liabilities:

Accounts payable                      42,000

Interest payable                          19,600

Salaries and wages payable      6,000

Unearned rent revenue               4,100    $71,700

Long-term Liabilities:

Mortgage payable (due 2024)                 79,000

Total liabilities                                        $150,700

Equity:

Capital                                     109,700

Retained earnings                   67,500 $177,200

Total liabilities and equity                 $327,900

b) Closing Journal Entries:

Debit Sales revenue $240,500

Credit Statement of Financial Performance $240,500

Debit Statement of Financial Performance $123,500

Credit Cost of goods sold $123,500

Debit Rent revenue $14,400

Credit Statement of Financial Performance $14,400

Debit Expenses:

Depreciation Expense $7,800

Insurance Expense $18,000

Supplies Expense $14,400

Interest Expense $12,000

Salaries and Wages Expense $21,900

Credit Statement of Financial Performance $74,100

Debit Credit Statement of Financial Performance $57,300

Credit Retained Earnings $57,300

c) Post-Closing Trial Balance

Account Titles                                 Debit        Credit

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900

Long-term Assets:

Land                                            70,000

Equipment                                120,000

Accumulated Depreciation                         $18,600

Patent                                        80,000

Other assets                               13,800

Accounts payable                                        42,000

Interest payable                                           19,600

Salaries and wages payable                        6,000

Unearned rent revenue                                 4,100

Mortgage payable (due 2024)                  79,000

Capital                                                       109,700

Retained earnings                                     67,500

Totals                                  $327,900  $327,900

Data and Calculations:

Trial Balance

Cash                                            $37,400

Inventory                                        4,200

Supplies                                         6,200

Accounts Receivable                   11,000

Prepaid Insurance                        3,900

Land                                            70,000

Equipment                                120,000

Patent                                         80,000

Other assets                               13,800

Accumulated Depreciation- Equipment $18,600

Cost of goods sold                  123,500

Depreciation Expense                7,800

Insurance Expense                   18,000

Supplies Expense                     14,400

Interest Expense                      12,000

Salaries and Wages Expense 21,900

Accounts payable                                    42,000

Mortgage payable (due 2024)                79,000

Interest payable                                       19,600

Salaries and wages payable                    6,000

Unearned rent revenue                            4,100

Dividends                              4,800

Capital                                                   109,700

Retained earnings, Oct. 1, 2019            15,000

Sales revenue                                    240,500

Rent revenue                                        14,400

Totals                           $548,900   $548,900

Statement of Financial Performance (Income Statement)

For the year ended September 30, 2020

Sales revenue                       $240,500

Cost of goods sold                  123,500

Gross profit                             $117,000

Rent revenue                             14,400

Total income                          $131,400

Expenses:

Depreciation Expense               7,800

Insurance Expense                   18,000

Supplies Expense                     14,400

Interest Expense                      12,000

Salaries and Wages Expense 21,900

Total Expenses                      $74,100

Net Income                           $57,300

Statement of Retained Earnings:

Retained earnings, Oct. 1, 2019  $15,000

Net income                                    57,300

Dividends                                       (4,800)

Retained earnings, Sept. 30,    $67,500

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Ok, I actually need a lot of help- 30 points to whoever can


Abdul works as a regulator at the Bureau of Consumer Protection. His agency makes sure that consumers are treated fairly. What task might be part of Abdul's job at his agency?

Question 6 options:

drawing up ideas for the new city park


drafting a proposal for the state government budget


recording information about a fraudulent business


meeting with heads of state to discuss trade

Answers

Answer:

I would say that the answer is "recording information about a fraudulent business".

Explanation:

His job is to make sure that consumers are treated fairly.

An asset was acquired on October 1, 2021, for $78,000 with an estimated five-year life and $13,000 residual value. The company uses units-of-production depreciation and expects the asset to produce 20,000 units. Calculate the gain or loss if the asset was sold on March 31, 2024, for $58,000. Actual production was: 2021 = 500 units; 2022 = 3,000 units; 2023 = 3,500 units; 2024 = 1,000 units.

Answers

Based on the information given  the gain or loss if the asset was sold on March 31, 2024 is $6,000 gain.

Depreciation per units= (Original cost - Residual value) ÷ (Estimated production units)

Depreciation per units= ($78,000 - $13,000) ÷ 20,000 units

Depreciation per units= $65,000 ÷ 20,000 units

Depreciation per units= $3.25 per units

Accumulated depreciation=(500 units × $3.25)+( 3,000 units × $3.25)+(3,500 units × $3.25)+( 1,000 units × $3.25)

Accumulated depreciation= $1,625 + $9,750 + $11,375 + $3,250

Accumulated depreciation= $26,000

Book value= Acquired value of an asset - Accumulated depreciation  

Book value= $78,000 - $26,000

Book value= $52,000

Gain or Loss= Sale value - Book value

Gain or Loss= $58,000 - $52,000

Gain or Loss= $6,000 gain

Inconclusion the gain or loss if the asset was sold on March 31, 2024 is $6,000 gain.

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John's uncle donated a truck to his company, John's Corporation. The truck had an original cost of $95,000, a book value of $40,000, and a fair value of $60,000. The journal entry by John's Corporation to record this donated asset will include a:

a. debit Truck for $95,000 and credit Gain for $35,000.
b. debit Truck for $60,000 and credit Gain for $20,000.
c. debit Truck for $60,000 and credit Gain for $60,000.
d. debit Truck for $95,000 and credit Gain for $95,000.

Answers

Based on the information given the appropriate journal entry  by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.

Since the truck donated to his corporation has a fair value of the amount of $60,000 which is the worth of the truck (assets) which means that the appropriate journal entry to record the transaction will be:

Debit Truck  $60,000

Credit Gain $60,000

(To record asset donated)

Inconclusion the journal entry  by John's Corporation to record this donated asset will include a: c. debit Truck for $60,000 and credit Gain for $60,000.

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Help help help help business please

Answers

I think it's a sorry if you get the answer wrong

What is 48976897617xitself

Answers

Answer:

Hey mate....

Explanation:

This is ur answer....

Wth....Is that even a question....Imao

Well I am getting this....

2.39873650E+21

Hope it helps!

Brainliest pls!

Follow me! :)

Write four elements of economic objectives of business ?​

Answers

Profitability, Growth, Stability, Efficiency and Survival

Answer:

the person above this is correct

Using your credit card more means your debt will
A. stay the same
B. decrease
C. disappear
D. increase

Answers

Using a credit card will increase your personal debt.

Answer: D. Increase

Magnus was just reprimanded by his supervisor for sending personal emails and shopping online during company time. Magnus was reprimanded for:

Answers

Answer:

khana iridium 88 egg e

Explanation:

d run jdd

To be useful, accounting information must have the fundamental qualitative characteristics of?

Answers

relevance and faithful representation

Uhhhh..... can someone help me plz

Katrina graduated from college with a degree in veterinary science. She also has an interest in law enforcement. What company might be interested in hiring Katrina?
Question 5 options:


a government building looking for a security officer


a city government in need of an animal control officer


a county commissioner looking for an executive assistant


a large bank in need of a network manager

Answers

Definitely the second option I would say.
Second option most definitely

What is one major measure of economic growth?

Answers

Answer:

yo mama

Explanation:

yo mama's so ugly, she made a blind kid cry.

Which strategy for managing quality relies on input from employees, suppliers and customers

Answers

Answer:

total quality management (tqm)

Explanation:

hope it helps you

Firm I has been selling its products through a distributor for some time. It has become the market share leader. Unfortunately, this distributor has not been able to keep up with the evolving technology and customers are complaining. There are no alternative distributors available. Should Firm I keep its current distributor or should it begin distribution on its own?

Answers

Firm I should  begin distribution on its own in order to prevent loss and

liquidation of the company.

It is best for the company to become vertically integrated in instances such

as this. Vertical integration involves companies controlling more than one

stage of production.

By so doing, the company can restrategize and ensure its products satisfy

the customers through the adoption of the technology they are complaining

about. This helps to ensure increased profit made from the goods.

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explain element of business plan​

Answers

Answer:

mark me as brainlest plzz

Explanation:

It should include a mission statement, a brief history of your business, and the highlights of your company's growth, your product or service and a summary of future plans. It also should explain why you are seeking financing and information about your banking and currency investors.

Prepare journal entries to record the following under
(a) the direct write-off method and
(b) the allowance method. May 3 Sal Company determines that it cannot collect its accounts receivable of $2,000 from Joey Company. May 21 Sal Company unexpectedly receives payment of $2,000 cash from Joey Company toward its previously written-off account. Sal records recovery of this bad debt.

Answers

The  journal entries to record the direct write-off method and  the allowance method are:

Journal entries

a. May 3

Debit Bad debt $2,000

Credit Account receivable- Joey Company $2,000

b. May 21

Debit  Accounts Receivable—Joey Company $2,000

Credit Allowance for Doubtful Accounts $2,000

Debit Cash $2,000

Credit  Accounts Receivable—Joey Company $2,000

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At a single-phase, multiple-channel service facility, customers arrive randomly. Statistical analysis of past data shows that the interarrival time has a mean of 20 minutes and a standard deviation of 4 minutes. The service time per customer has a mean of 15 minutes and a standard deviation of 5 minutes. The waiting cost is $200 per customer per hour. The server cost is $25 per server per hour. Assume general probability distribution and no buffer capacity restriction

Required:
a. Find the optimal number of servers to be employed to minimize the total of waiting and server costs.
b. Find the average waiting time and the average total time through the system for the optimal case.
c. Find the cost per hour, average waiting time, and average flow time for one server if the probability distributions for the interarrival time and service time are assumed to be exponential and the mean values remain the same. .

Answers

Cost per hour with one server = $ 59.00

Cost with 2 servers = $ 52.19

Cost with 2 servers = $ 75.40

Total cost with 2 servers is the lowest ($ 52.19). Therefore, two servers are optimal.

b) With 2 servers,

Average waiting time, Tq = 0.2188 minutes

Total time = Tq+p = 0.2188+15 = 15.2188 minutes

c) Arrival rate, \lambda = 60/20 = 3 per hour

Service rate, \mu = 60/15 = 4 per hour

Lq = \lambda 2/(\mu*(\mu-\lambda)) = 32/(4*(4-3)) = 2.25

Cost per hour = Lq*Cw+Cs = 2.25*200 + 25 = $ 475

Waiting time, Wq = Lq/\lambda = 2.25/3 = 0.75 hour = 45 min

Flow time = Wq+1/\mu = 0.75+1/4 = 1 hour = 60 min

5 year plan example for high school seniors

Answers

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A five year plan is a list of priorities you would like to accomplish over the next several years. As well as actions you can take when you make mistakes, so that you can still meet those goals.

Hope it helps

You receive a $15,000 signing bonus from your new employer and decide to invest it for 2 years. Your banker suggests two alternatives, which both require a commitment for the full 2 years. The first alternative will earn 8% per year for both years. The second alternative earns 6% for the first year and 10% for the second year. Interest compounds annually. Which would you choose? Justify your choice by the calculations.

Answers

Answer:

8% plus 8%

Explanation:

8% plus 8% will yield 16.64% total and the 6% and 10% yields 16.60% total

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