Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I need the solve of last two question. don't need to solve first three question as they are already available. that solution link: https://www.chegg.com/homework-help/questions-and-answers/babu-enterprise-sells-packaged-baby-foods-60-unit-preparing-budget-1st-quarter-2020-actual-q65282348?fbclid=IwAR3FATRR5gBetG8LTszBYuZPYGPFWgg01ZGJLP7b0QTSC_lxgHgemXO6YA0 You

I need the solve of last two question. don't need to solve first three question as they are already available. that solution link: https://www.chegg.com/homework-help/questions-and-answers/babu-enterprise-sells-packaged-baby-foods-60-unit-preparing-budget-1st-quarter-2020-actual-q65282348?fbclid=IwAR3FATRR5gBetG8LTszBYuZPYGPFWgg01ZGJLP7b0QTSC_lxgHgemXO6YA0

You can take help from this link for first three answer. I just need the solution of last two.

image text in transcribed

a) Why shouldnt Babu seek cooperation of other business functions while preparing budgets? [2 marks]

b) Explain the difference between ROI and RI. Which one is preferable in making investment decisions. Why and why not? [2+2+1=5]

I need answers of this to question please give the correct answer

Babu Enterprise sells packaged baby foods for $60/unit and is preparing budget for the 1st quarter of 2020. His actual and budgeted data include: Details ............ Nov 2019... Dec 2019... Jan 2020... Feb 2020... Mar 2020... Apr 2020... May 2020 Production in units ..... 5800...... 8500 ......4500...... 5300..... 6700...... 4700...... 6600 Each unit of product requires 10 kilograms of raw materials to produce. And Babu keeps an ending inventory of raw materials equal to 50% of the following month's production needs of raw materials. The price of raw material is $2/kilogram. An advance payment of 50% is to be made a month prior to purchase. 20% is paid in the month of purchase. The rest is paid in the month following purchase. Instructions: For the 1st quarter of 2020, prepare: (A) Direct Materials Budget (5 marks) (8) Cash Payment (disbursement) Schedule for Raw Materials (3 marks) and (C) Calculate the balance of accounts payable at the end of the first quarter of 2020 (2 marks) - (Use the table below to answer)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

A One Year Accounting Course

Authors: Trevor Gambling

21st Edition

0080130275, 9780080130279

More Books

Students also viewed these Accounting questions

Question

Describe the accounting for the fair value option.

Answered: 1 week ago

Question

Were any of the authors students?

Answered: 1 week ago