How much are the budgeted purchases for november

Assignment Help Managerial Accounting
Reference no: EM13973890

1. Sam's Toys budgeted sales of $300,000 for the month of November and cost of goods sold equal to 80% of sales. Beginning inventory for November was $50,000 and ending inventory for November is estimated at $55,000. How much are the budgeted purchases for November?

A) $245,000
B) $65,000
C) $235,000
D) $135,000 

Reference no: EM13973890

Equivalent units for direct materials-conversion costs

Compute the equivalent units for direct materials and conversion costs for December. Compute the unit costs for direct materials and conversion costs. Compute the cost of unit

Compounded semiannually

Dubois Inc. loans money to John Kruk Corporation in the amount of $864,000. Dubois accepts an 8% note due in 6 years with interest payable semiannually. After 2 years (and rec

Define financial accounting and managerial accounting

Why do product-costing systems using the direct method, sequential method, and reciprocal method allocate service department overhead costs first to the production departmen

What is the market value of the firm

If the required rate of return to equity-holders (after the capital structure change) is now 20%, what is the market value of the firm? Assume there are no taxes. (Enter just

Accountant records the transaction

at Cadmia service , the cashier collects checks and cash from customer and the junior accountant records the transaction the journal entries and bank reconciliatins.the treasu

Prepare a statement of owners equity for april

Prepare a statement of owner's equity for April. The statement of owner's equity for a proprietorship is similar to the retained earnings statement for a corporation.

Business question-cvp analysis

Gabby's Wedding Cakes creates elaborate wedding cakes. Calculate the break-even point for a month in units. How many cakes must be sold to earn a monthly profit of $10,000?

Determine the best sales mix

Determine the best sales mix. Rank the services offered in order of their profitability and what would be the total contribution margin generated by Ortiz, assuming the weigh


Write a Review

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd