Order for the company to meet goals

Assignment Help Accounting Basics
Reference no: EM13152466

A company budgeted unit sales of 102,000 units for January, 2008 and 120,000 units for February, 2008. The company has a policy of having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales. If there were 30,600 units of inventory on hand on December 31, 2007, how many units should be produced in January, 2008 in order for the company to meet its goals?

a) 107,400 units

b) 102,000 units

c) 96,600 units

d) 138,000 units

Reference no: EM13152466

Questions Cloud

Approximate net present value of investment : The equipment will provide cost savings of $7,300 and will be depreciated straight-line over its useful life with no salvage value. Cleaners requires a 10% rate of return. What is the approximate net present value of this investment?
Fixed efficiency and fixed production volume variances : What are the fixed efficiency and the fixed production volume variances, respectively, using 4-variance analysis? A. no efficiency variance,
How much will the ph change : A beaker with 130 mL of an acetic acid buffer with a pH of 5.00 is sitting on a benchtop. The total molarity of acid and conjugate base in this buffer is 0.100 M.
Essay comparing blood diamonds and gold trade : I'm going to have to write an in class essay comparing Blood Diamonds and Gold trade in Africa. I'll have to explore political, social, and economic consequences and their similarities across commodities. After doing research I know that Gold and Blo..
Order for the company to meet goals : If there were 30,600 units of inventory on hand on December 31, 2007, how many units should be produced in January, 2008 in order for the company to meet its goals?
Unit cost for the direct materials : What is the unit cost for the direct materials for 19x1, assuming direct materials cost is for the production of 507,000 units? A. $3.20 b. $3.80 c. $4.00 d. $4.32 128.
Exiles or emigrants or expatriates : Write an explanation to this quote "it may be that writers in my position, exiles or emigrants or expatriates, are haynted by some sense of loss, some urge to reclaim, to look back, even at the risk of being mutated into pillars of salt" Salman Rushd..
Two basic methods of accounting : What are the two basic methods of accounting that may be used by taxpayers? How do the two basic methods differ?
What is the molecular weight of the unknown solid : a student titrates 0.738 grams of an unknown solid, weak acid with 0.1027 Molarity NaOH. What is the molecular weight of the unknown solid, weak acid?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Expenditure for carolina mills during the year

Carolina Mills purchased $280,000 in supplies this year. The supplies account increased by $30,000 during the year to an ending balance of $71,000. What was supplies expense for Carolina Mills during the year?

  How do indirect costs affect the cost of a product

What are the differences between a direct cost and an indirect cost? Which is the more difficult cost to track? Why? How do indirect costs affect the cost of a product? Should indirect costs be included in product cost? Why or why not?

  What amount of loss may monica use for the current year

Monica (not in the loan business) loaned Lateisha $25,000 two years ago. During the current year, Lateisha declared bankruptcy.

  How much can she deduct

Although her records of the expenses incurred in the breeding activity are spotty, she can establish that in year 10 she spent $1,000 on transportation and lodging to attend cat shows, $400 on cat food, $700 on veterinary expenses, and $300 on gro..

  Preparing the journal entry for transaction

At the start of february pete's had salaries payable outstanding of $17,000. on february 4th,pete sent out paychecks to its employees valued at $20,000. prepare the journal entry for this transaction.

  Journal entries for recording pension expense

Prepare the journal entries to record the pension expense and funding for the year.

  Character of foreaker gain

Foreaker LLC sold a piece of land that it uses in its business for $52,000. Foreaker bought the land two years ago for $42,500. What is the character of Foreaker's gain?

  Determining predetermined overhead-overhead applied

Snapper Corp. computes its predetermined overhead rate annually on the basis of direct-labor hours. At the beginning of the year it estimated that its total manufacturing overhead would be $240,000 and the total direct labor hours (dlh) would be 6..

  Adjusted equity method to account for investment

Give all eliminating entries needed to prepare a consolidation workpaper for 2010 assuming that New Co. uses the fully adjusted equity method to account for its investment in Old Company.

  Flowchart for company new on-line cash receipts procedures

Prepare a systems flowchart for the company's new on-line cash receipts procedures. Have the new cash receipts procedures as designed and implemented by Consolidated Electricity Company created any internal control structure problems for the compan..

  Sum-of-the-years-digits method

At the time Fisher Corporation became a subsidiary of Ashbury Corporation, Fisher switched depreciation of its plant assets from the straight-line method to the sum-of-the-years'-digits method used by Ashbury.

  Company raw material inventory account

It's Kinda China produces collectible pieces of act. The company's Raw Material Inventory account includes the cost of both direct and indirect materials. Account balances for the company at the beginning and end of July 2008 follow:

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