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Assume that March’s budgeted sales are 10,000 units. Beginning finished goods inventory contained 1,000 units, and 1,500 units are desired to be on hand at month end. Conversely, beginning direct materials inventory consisted of 1,500 units, but only 1,000 units are desired to be on hand at month end. Each finished unit requires 2 units of raw materials and 1 hour of direct labor. Raw materials cost $6 per unit, direct labor costs $9 per hour, factory overhead is applied at $7 per hour, and the company has no work in process. How much will raw material purchases amount to for March?
choose an item that you would like to manufacture. you do not actually need to manufacture something but will proceed
Budgeting supports the planning process by encouraging all of the following activities except:
Calculation of payback period of the project and comment on its liquidity and Use the payback method to calculate how many years it will take for each project to recoup the initial investment, Which project would you consider most liquid?
Briefly identify and define the cost elements that are incurred in making a product. After product cost elements are identified, how is the cost of goods manufactured for a period determined?
1.On April 1, 2013, the Apex Corporation sold a parcel of underdeveloped land to the Applegate Construction Company for $2,400,000.
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Sam owes Bob $8,000. Bob cancels (forgives) the debt. The cancellation is not a gift, and Sam is bankrupt. Which of the following statements is correct concerning the impact of this transaction?
You are a project manager for a local company that is considering installing a new content management system.Your boss has asked you to do a net present value (NPV) analysis, calculate a benefit-to-cost ratio, and tell him what the payback period wil..
components of or items in bank reconciliation with example and operation to be done to complete reconciliation.in
1. prepare entries to record the following transactionsa a 5000 cash investment made by the owner of a business.b 1700
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