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please answer all the questions Which of the following is most likely to result in a budget that will closely represent the company's actual results?
please answer all the questions
Which of the following is most likely to result in a budget that will closely represent the company's actual results? O a budget based on research and analysis a budget that is developed solely by company executives O a budget that is the same as the previous period's budget O a budget that is identical to a competitor's budget Major Brands, Inc., a clothing manufacturer, is planning to sell 9,000 jackets during February and its production is estimated at 8,700 jackets during February. Each jacket requires 4.4 yards of fabric at $4.00 per yard and 0.25 direct labor hours at $12 per hour. Manufacturing overhead is applied at 110% of direct labor costs. What is the total amount to be budgeted for direct labor for February? $459,360 O $27,000 $104,400 $26.100 Jericho's Mediterranean Restaurant is preparing its budgeted balance sheet. The cash receipts budget indicates that net sales in the fourth quarter of 2022 were $36,000. Jericho expects 25% of these sales to be cash. Of the credit sales, it expects 80% to be collected in the quarter of the sale and 20% to be collected in the following quarter. Calculate the amount of accounts receivable that Jericho would report on the budgeted balance sheet at December 31, 2022. O $5,400 $7.200 O $1,800 $9.000 Specialty Services performs high-end security services. The firm has computed its total direct labor cost for the next quarter to be $111,000. The firm expects two different types of clients during the coming quarter. The Type A clients will require 3.4 hours per service and Type B clients will require 10.55 hours per service. The firm expects 210 Type A clients and 20 Type B clients. What is the firm's direct labor cost per hour? $48260 $69.20 $120.00 $362.60 Step by Step Solution
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