Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please Show Work Typed On Computer Not Hand Written. Thank you! :) __________________________________________________________________________ Question 6 Garfield Corp. expects to sell 1,520 units of its pet

Please Show Work Typed On Computer Not Hand Written. Thank you! :)

__________________________________________________________________________

Question 6

Garfield Corp. expects to sell 1,520 units of its pet beds in March and 2,170 units in April. Each unit sells for $76. Garfields ending inventory policy is 40 percent of the following months sales. Garfield pays its supplier $27 per unit. What is Garfield's budgeted purchases for March?

__________________________________________________________________________

Question 7

Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 420 units in July and 640 units in August. Each unit requires 9 feet of wood at a cost of $1.6 per foot. Preston wants to always have 10% of the next months required feet of wood on hand in materials inventory. What is Prestons raw materials purchases budget for July?

__________________________________________________________________________

Question 8

Avery Company has compiled the following data for the upcoming year: Sales are expected to be 6,700 units at $32 each.

  • Each unit requires 1.3 pounds of direct materials at $2.8 per pound.
  • Each unit requires 1.3 hours of direct labor at $14 per hour.
  • Manufacturing overhead is $4 per unit.
  • Selling and administrative costs are $4 per unit.

What is Avery's budgeted cost of goods sold?

__________________________________________________________________________

Question 9

Randall has received a special order for 2,370 units of its product at a special price of $20. The product normally sells for $27 and has the following manufacturing costs:

Per unit

Direct materials

$

3

Direct labor

5

Variable manufacturing overhead

2

Fixed manufacturing overhead

1

Assume that Randall has sufficient capacity to fill the order. If Randall accepts the order, what effect will the order have on the companys short-term profit?

If a decrease, place a sign before your answer.

For example, a decrease of $1,000 would be answered 1,000.

__________________________________________________________________________

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

Cost And Management Accounting An Introduction

Authors: Colin Drury

7th Edition

1408032139, 978-1408032138

More Books

Students also viewed these Accounting questions

Question

What are possible safety concerns? Explain.

Answered: 1 week ago

Question

What would you do if you were in Margarets shoes?

Answered: 1 week ago