#title.Budget., Cost Accounting

Assignment Help:
Ask The James Company, a wholesaler, budgeted the following sales for the indicated months
June 2004 July 2004 August 2004
Sales on account 1800,000 1,920,000 2,040,000
Cash sales 240,000 250,000 260,000
Total sales 2,040,000 2,170,000 2,300,000
All merchandise is marked up to sell at its invoice cost plus 25%. Merchandise inventories at the beginning of each month are at 30% of that month’s projected cost of goads sold.
Select the best answer for each of the following items from the above given information
I. The cost of goods sold for the month of June 2004 is anticipated to be
a. 1,632,000 b. 1,428,000 c. 1, 836,000d. 1,530,000e. None of these
II. Merchandise purchase for July 2004 are anticipated to be
a. 1,736,000 B. 1, 926,600 C. 1,767,200 D. 1,658,700 E. None of these
question #Minimum 100 words accepted#

Related Discussions:- #title.Budget.

Issues to consider when making decisions, Q. Issues to consider when making...

Q. Issues to consider when making decisions? At activity level A it can be seen from diagram that sales revenue line intersects the total cost line specifying that this is the

Operation and design of cost accounting systems, Operation and Design of Co...

Operation and Design of Cost Accounting Systems A number of features should be taken into account previously to finalizing the design of a cost and management accounting syste

Calculate the amount of interest capitalized for the year, A company constr...

A company constructs a building for its own use. Construction began on January 1 and ended on December 30. The expenditures for construction were as follows: January 1, $550,000; M

Assumptions of cvp, Assumptions of CVP This chapter has given informati...

Assumptions of CVP This chapter has given information on how to apply CVP for the business analysis. Most of this analysis is keyed to the model of how profitability is impacte

Tracking overhead, Tracking Overhead Jack would have a many task at han...

Tracking Overhead Jack would have a many task at hand if he tried to daily trace all such items of overhead. For example: x     How difficult it would  become to track the "

Business process mapping, Using some variation of business process mapping,...

Using some variation of business process mapping, graph out the mango concentrate supply chain focusing on when cost is added to the supply chain. (i.e. Display/draw the process

Cost of airconditioning plant, Devprop Leasing Co.is an industrial property...

Devprop Leasing Co.is an industrial property development company, that typically develops warehouse and industrial complexes in new or underdeveloped areas, operates these complexe

Determine the absorption rate of overheads, Determine the Absorption Rate o...

Determine the Absorption Rate of Overheads The budgeted production overheads and other budgeted data of compute are given as: Budget Overhead cost for the period = Ks

Answer, Chen Enterprises purchased 67,000 pounds (cost = $616,400) of direc...

Chen Enterprises purchased 67,000 pounds (cost = $616,400) of direct material to be used in the manufacture of the company''s only product.

#title.payroll procedures., describe the procedures involved in payroll lab...

describe the procedures involved in payroll labour cost accounting

Write Your Message!

Captcha
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