Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Razmataz Company makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of
Razmataz Company makes and sells umbrellas. The company is in the process of preparing its Selling and Administrative Expense Budget for the last half of the year. The following budget data are available: Item Variable Cost Per Unit Sold Monthly Fixed Cost Sales commissions $0.60 $3,000 Shipping $1.20 Advertising $0.30 Depreciation on office equipment $4,000 Other operating expenses $0.35 $34,000 Expenses are paid in the month incurred. If the company has budgeted to sell 2,000 umbrellas in October, how much is the total budgeted variable selling and administrative expenses for October? a. $41,000 b. $4,600 c. $45,900 d. $4,900 At January 1, 2006, Jake, Inc. has beginning inventory of 3,000 surfboards. Jake estimates it will sell 14,000 units during the first quarter of 2006 with a 10% increase in sales each quarter. Jakes policy is to maintain an ending inventory equal to 20% of the next quarters sales. Each surfboard costs $140 and is sold for $200. How many units should Jake produce during the first quarter of 2006? a. 14,080 b. 14,000 c. 16,800 d. 14,200 Nextel company showed the following on its direct materials budget for june: units to be produced 50,000 totals pounds needed for production 4,000 totals pounds of materials to be purshaced 5,000 the materials cost $2 per pound. how much is the cost of direct materials per unit? a. $0.16 b. $25 c. $20 d. $0.20 please teach me the process of calculate the
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started