Delaware Chemical Company uses oil to produce two types of plastic products, P1 and P2. Delaware budgeted 28,300 barrels of oil for purchase in June for $71 per barrel. Direct labor budgeted in the chemical process was $221,000 for June. Factory overhead was budgeted at $361,700 during June. The inventories on June 1 were estimated to be:

Answers

Answer 1

Question Completion:

The inventories on June 1 were estimated to be:

Oil                        $15,200

P1                            8,500

P2                           8,600  

Work in process  12,900

The desired inventories on June 30 were:

Oil                        $16,100

P1                            9,400

P2                           7,900  

Work in process  13,500

Use the preceding information to prepare a cost of goods sold budget for June 2015

Answer:

Delaware Chemical Company

The Cost of goods sold budgeted for June 2015 is:

= $2,597,500.

Explanation:

a) Data and Calculations:

Budgeted purchase of barrels of oil for June = $2,009,300 (28,300 * $71)

Budgeted direct labor for June                                 221,000

Budgeted factory overhead for June                        361,700

The inventories on June 1 were estimated to be:

Oil                                 $15,200

P1                                     8,500

P2                                    8,600  

Work in process           12,900

Beginning inventory $45,200

The desired inventories on June 30 were:

Oil                           $16,100

P1                               9,400

P2                              7,900  

Work in process      13,500

Ending inventory $39,700

Cost of goods sold:

Beginning inventory             $45,200

Budgeted purchase          2,009,300

Budgeted direct labor          221,000

Budgeted factory overhead 361,700

Ending inventory                  (39,700)

Cost of goods sold =     $2,597,500


Related Questions

Depreciation by Units-of-activity Method A diesel-powered tractor with a cost of $259,000 and an estimated residual value of $7,400 is expected to have a useful operating life of 85,000 hours. During April, the tractor was operated 200 hours. Determine the depreciation for the month. If required, carry out any division to two decimal places.

Answers

Answer:

the depreciation expense is $592

Explanation:

The computation of the depreciation expense is shown below:

= (cost  - residual value) ÷ useful operating life × operated in april month

= ($259,000 - $7,400)  ÷ 85,000 hours × 200 hours

= $592

Hence, the depreciation expense is $592

The same should be considered and relevant too

Company X has 2 million shares of common stock outstanding with a book value of $2 per share. The stock trades for $3 per share. It also has $2 million in face value of debt that trades at 90% of face value. What is the debt ratio that should be used to calculate WACC

Answers

Answer:

23.08%

Explanation:

The computation of the debt ratio is shown below:

Debt amount

= 2 million × 0.90

= 1.80 million

And,

Equity amount

= 2 million × 3

= 6 million

Now

debt ratio = debt amount  ÷ (amount of debt + amount of equity)

= 1.80 million ÷ ( 6 million + 1.80 million)

= 23.08%

Mary is currently buying apples and oranges such that the last unit of apples has 30 units of utility and the last unit of oranges has 40 units of utility. She has allocated her entire budget. If the price of an apple is 10 cents and the price of an orange is 20 cents, to maximize her utility, what should Mary do

Answers

Answer:

Buy more apples and fewer oranges

Explanation:

Utility is defined as the level of enjoyment or satisfaction that a person gets from consumption of a good or service.

Consumers logically try to maximise utility.

In the given instance we need to get the level of utility for apples and oranges to see which has more utility per unit cash spent.

For apples utility per cash spent = 30 units of utility ÷ 10 cents= 3 utility per cent

For oranges utility per cash spent = 40 units of utility ÷ 20 cents = 2 utility per cent

As apples have a higher utility per cent spent, it will be best Mary buys more apples and fewer oranges

Can you help me
please ​

Answers

Answer:

united nation childrens funds

Explanation:

i hope it helpful

When customers have questions about a product they've purchased, or problems using it, they can go online to the company's website to search for answers or interact with others with a similar problem. This is an example of:

Answers

Answer:

a community support forum

Explanation:

A community support forum is defined as a meeting place for members of a community to discus their concerns, opinions, and ideas on a shared topic of interest.

In the given scenario customer with various challenges go online to the company's website to search for answers or interact with others with a similar problem.

They are using a community support forum to discuss problems they are facing in using a product

Conducting a search of the story is part of store closing duties why

Answers

Searching for the store is part of store closing duties. Why?

A. To look for empty boxes

B. To ensure that all trash has been removed

C. To make sure someone is not hiding

D. To make sure all merchandise is on the sales floor

Answer:

B. To ensure that all trash has been removed

Explanation:

The purpose of conducting a search of the store which is part of store closing duties is to ensure no detail is overlooked such as removing all the trashes available and eventually avoiding more work for the next morning.

In some other cases, it is also an opportunity to clear the corridors or spaces of any merchandise, carts, or litter around the floors.

The parts of the process cost summary include:______.
a. cost charged to each job.
b. costs charged to departments.
c. cost assignment and reconciliation.
d. equivalent units of production.

Answers

Answer:

b. costs charged to departments. c. cost assignment and reconciliation. d. equivalent units of production

Explanation:

In Process costing, the company involved is producing a large amount of goods and services that are exactly the same. In order to assign costs therefore, the company will assign costs to all the products instead of individually.

Costs would be charged to various departments because they produce the goods so the entire department cost has to be assigned and reconciled with with the department that produce the goods. When the company only managed to partially complete the production of a good, they will still have to assign costs and so use equivalent units of production to do so.

All of the following will improve a firm's liquidity position except: Answer A)increase long-term debt and invest the money in marketable securities B)increase accounts receivable turnover C)increase inventory turnover D)increase the average collection period

Answers

Answer:

i think answer B is right

but i am not sure

List three (3) distinctions between limited liability partnership and conventional partnership using statute and decided cases.

Answers

If you're operating as a limited partnership, the general partner has unlimited liability for company losses and debts, while a limited partner has limited liability protection against company debts and losses. ... In an LLP, all partners have limited liability protection against company obligations and debts.

If you want to melt a rock, even partially, there are three methods you can employ. Which of the following is not a way that melting is triggered in rocks in the Earth?

a. adding water
b. adding heat
c. releasing pressure
d. removing water

Answers

Answer:

D

Explanation:

There are three basic ways that rocks melt to form the lavas that erupt from volcanoes: decompression, addition of volatiles, and conduction.

but the question asked "which of the following is NOT a way"I hope this helped! have a great day!

The inventory turnover ratio: Multiple Choice Is used to analyze collectability. Is used to measure solvency. Reveals how many times a company sells its merchandise inventory during a period. Reveals how many days a company can sell inventory if no new merchandise is purchased. Calculation depends on the company's inventory valuation method.

Answers

Answer: Reveals how many times a company sells its merchandise inventory during a period.

Explanation:

The Inventory Turnover Ratio is used to measure how often a company is able to sell off all its inventory within a single period. The higher this is, the better because it means that the company has a high sales rate and is incurring low storage costs since the inventory does not stay with them for long.

It is important to use this ratio relative to the type of industry it is being applied to however. For instance, a car dealership would be expected to have a lower inventory turnover ratio than a grocery store so comparing them using this ratio would be inaccurate.

El 5 de diciembre se solicitó un préstamo por USD.275,000, negociado al 6.5%
de interés anual a un plazo de 5 años. Los pagos de capital e intereses se harán
mensualmente.

Answers

hwbwbwjjwjwbwnabwjjwjwwjqnqnwnnwnwnwbwbwbwbbwwbbwhwbwbwbwbwbdbsnsnwjwnwn

Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $336,700 $1,092,000 Variable costs 135,100 655,200 Contribution margin $201,600 $436,800 Fixed costs 138,600 268,800 Income from operations $63,000 $168,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place.

Answers

Answer:

Beck Inc Operating leverage 3.2

Bryant Inc Operating leverage 2.6

Explanation:

Computation for the operating leverage for Beck Inc. and Bryant Inc

Using this formula

Operating leverage = Contribution margin/Income from operation

Let plug in the formula

Beck Inc Operating leverage = $201,600/ $63,000

Beck Inc Operating leverage= 3.2

Bryant Inc Operating leverage= $436,800/$168,000

Bryant Inc Operating leverage= 2.6

Therefore the operating leverage for Beck Inc. and Bryant Inc are:

Beck Inc Operating leverage 3.2

Bryant Inc Operating leverage 2.6

Suppose that an additional 350 hours per week can be obtained from the milling machines by working overtime. The incremental cost would be $2.00 per hour. What would be the allowable increase(from the excel sensitivity report) in overtime when compared to additional hours that can be obtained

Answers

Solution :

It is given that :

Additional time obtained per week from milling machines = 350

The incremental cost = $ 2 per hour

Therefore, the allowable increase for milling operation is 400.

This indicates that we can accommodate additional constraint RHS of [tex]200[/tex] hours.

Also we have to consider the impact on the profit of 2.25 which is an incremental cost of [tex]1.5[/tex] is well affordable.

In factorial designs, the response produced when the treatments of one factor interact with the treatments of another in influencing the response variable is known as _____.

a. replication
b. interaction
c. the main effect
d. a factor

Answers

Answer: B. Interaction

Explanation:

A factorial design enables the effect of several factors and the interactions that exist between them to be determined.

In factorial designs, the response produced when the treatments of one factor interact with the treatments of another in influencing the response variable is referred to as interaction.

Therefore, the correct option is B.

You view tea and scones as perfect complements, and you prefer to consumer one cup of tea with one scone. Also, your indifference curves are plotted with tea on the vertical axis. If you presently have two cups of tea and one scone, what this the marginal rate of substitution (MRS) at this point

Answers

Answer:

Infinity

Explanation:

In the case when the tea and scones are considered to be the perfect complements also you give preference one cup of tea over the one scone

Plus the indifferent curve with tea should be plotted on the vertical axis

So in the case when there is 2 cups of tea with one scone so at this point, the MRS should be at infinity as the indifference curve should be in downward sloping because we presume that there is preferences done at monotonicity

Which of the following is true of good salespeople?


A. They know how to oversell their product so the customer can't say no.

B. They have tenacity but know when to walk away and move on to the next sales prospect.

C. They make promises they may not be able to keep in order to secure a sale.

D. They don't leave voice mail messages.

Answers

Answer:

Correct answer is A, They know how to oversell their product so the customer can't say no. Explanation: Good salespeople are those who sell more and more of their company's product.

Motors are assembled in a process with two resources. The first resource has a capacity of 2 motors per hour. The capacity of the second resource is 4.5 motors per hour. Demand for this process is 2.3 motors per hour.
Instruction: Round your answer to three decimal places.
What is the cycle time of this process (in minutes)? _______minutes

Answers

Answer: 26.1 minutes

Explanation:

The cycle time is calculated by the formula:

= Production time available / Desired output

Production time available = 1 hour as production is per hour.

1 hour = 60 minutes

Desired output is the demand per hour from the process

Cycle time = 60 / 2.3

= 26.1 minutes

A depreciation adjustment would include a debit to _____________________ and __________________________ to _______________

Answers

Answer:

Depreciation Expense, Credit, Accumulated Depreciation.

Nancy is responsible for recording workplace injuries in the OSHA (Occupational Safety and Health Administration) 300 log. Which of the following workplace injuries is exempted from being recorded for OSHA?
Marked out of 100 ingwestion
a. Injuries leading to lost time from work
b. Injuries requiring restricted duty or job transfer
c. Injuries requiring only first aid
d. Injuries causing a restriction of motor abilities

Answers

The statement "Injuries that cause a motor abilities restriction" should be exempted.

The following information should be considered:

Nancy does not need to involve the injuries that are related to the motor capabilities because Osha 300 log only involved the injuries or illnesses that are death-related.It also involved the injuries that are related to the day away from the work or restricted work or transform into other jobs. It also offers the medical treatment over and above first aid.

Therefore we can conclude that the statement "Injuries that cause a motor abilities restriction" should be exempted.

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Storrer Co. identifies the following activities that pertain to manufacturing overhead, for each activity, identify an appropriate cost driver.
Activity Cost Driver

Materials handling Storrer Co. identifies the following activities th Number of Purchase OrdersMachine Hours UsedNumber of SetupsSquare Footage OccupiedNumber of RequisitionsDirect Labor HoursNumber of InspectionsNumber of Parts or AssembliesNumber of Employees
Machine setups Storrer Co. identifies the following activities th Number of Purchase OrdersNumber of EmployeesNumber of SetupsNumber of InspectionsDirect Labor HoursNumber of Parts or AssembliesSquare Footage OccupiedNumber of RequisitionsMachine Hours Used
Factory machine maintenance Storrer Co. identifies the following activities th Direct Labor HoursNumber of InspectionsNumber of EmployeesNumber of RequisitionsNumber of SetupsNumber of Purchase OrdersNumber of Parts or AssembliesSquare Footage OccupiedMachine Hours Used
Factory supervision Storrer Co. identifies the following activities th Machine Hours UsedNumber of InspectionsNumber of EmployeesNumber of Parts or AssembliesNumber of Purchase OrdersNumber of RequisitionsSquare Footage OccupiedNumber of SetupsDirect Labor Hours
Quality control Storrer Co. identifies the following activities th Number of EmployeesDirect Labor HoursNumber of InspectionsSquare Footage OccupiedNumber of RequisitionsNumber of Purchase OrdersNumber of SetupsNumber of Parts or AssembliesMachine Hours Used

Answers

Answer:

Activity

1. Material Handling

2. Machine Setups

3. Factory Machine Maintenance

4. Factory Supervision

5. Quality Control

Cost Driver

1. Number of Requisitions

2. Number of Setups

3. Machine Hours Used

4. Number of Employees

5. Number of Inspections

Explanation:

The following are the activities with their cost drivers:

Activity

1. Material Handling

2. Machine Setups

3. Factory Machine Maintenance

4. Factory Supervision

5. Quality Control

Cost Driver

1. Number of Requisitions

2. Number of Setups

3. Machine Hours Used

4. Number of Employees

5. Number of Inspections

A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as a whole number. a. What is its percentage rate of return

Answers

150
Sorry not sure
Hope you have your questions

Cioffi Manufacturing Company incorporates standards in its accounts and identifies variances at the time the manufacturing costs are incurred. Journalize the entries to record the following transactions:

a. Purchased 2,450 units of copper tubing on account at $52.00 per unit. The standard price is $48.50 per unit.
b. Used 1,900 units of copper tubing in the process of manufacturing 200 air conditioners.

Answers

Answer:

A. Dr Materials $18,825

Dr Direct Materials Price Variance $8,575

Cr Accounts Payable $127,400

B. Dr Work in Process $97,000

Cr Direct Materials Quantity Variance $4,850

Cr Material 92,150

Explanation:

Preparation of the journal entries

A. Dr Materials $18,825

(2,450*$48.50 per unit)

Dr Direct Materials Price Variance $8,575

[2,450*($52.00 per unit-$48.50 per unit)]

Cr Accounts Payable $127,400

(2,450*$52.00 per unit)

B. Dr Work in Process $97,000

(200*10 units *$48.50)

Cr Direct Materials Quantity Variance $4,850

(2,000 units – 1,900 units) × $48.50

Cr Material 92,150

(1,900 × $48.50 )

Choose the correct statements about the ROC curve.
A. By plotting the true-positive rate against the false-positive rate for different threshold values, the ROC curve can be used to select the optimal model.
B. ROC stands for Receiver Operating Characteristic curve, which was originally developed to detect enemy aircrafts on radar.
C. The ROC curve is a useful diagnostic tool for determining the optimal classification model.
D. The ROC curve was originally developed to optimize healthcare and detect congestive heart failure readmission rate.

Answers

Answer:

B

Explanation:

The ROC stands for Reviever Operating Characteristics curve ehic was originally developed to detect enemy aircrafts on reader

The correct statement about the ROC curve is that  ROC stands for the Receiver Operating Characteristic curve, which was originally developed to detect enemy aircraft on radar. Thus, option B is correct.

What is a curve?

A curve can be defined as the relation that can be between the teo element. this is represented by the graph that is formed on the basis of the change in the elements that are surrounding it. If there is a change in one thing then there can also be a change in another and it may have an effect.

The best accuracy and false alarm rate for a classification algorithm at the approaches suggested are calculated and plotted to create the ROC curve.

The Receiver Operating Characteristic curve, abbreviated ROC curve, was created to find hostile aircraft using radar. Therefore, option B is the correct option.

Learn more about ROC curve, here:

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Bill Johnson, sales manager, and Diane Buswell, controller, at Current Designs are beginning to analyze the cost considerations for one of the composite models of the kayak division. They have provided the following production and operational costs necessary to produce one composite kayak.
Kevlar $250 per kayak
Resin and supplies $100 per kayak
Finishing kit (seat, rudder, ropes, etc.) $170 per kayak
Labor $420 per kayak
Selling and administrative expenses—variable $400 per kayak
Selling and administrative expenses—fixed $119,700 per year
Manufacturing overhead—fixed $240,000 per year
Bill and Diane have asked you to provide a cost-volume-profit analysis, to help them finalize the budget projections for the upcoming year. Bill has informed you that the selling price of the composite kayak will be $2,000.
(a) Calculate variable costs per unit.
Variable cost per unit $
Bill Johnson, sales manager, and Diane Buswell, co
(b) Determine the contribution margin per unit.
Contribution margin per unit $
Bill Johnson, sales manager, and Diane Buswell, co
(c) Using the contribution margin per unit, determine the break-even point in units for this product line.
Break-even point
Bill Johnson, sales manager, and Diane Buswell, co
units
(d) Assume that Current Designs plans to earn $270,600 on this product line. Using the contribution margin per unit, calculate the number of units that need to be sold to achieve this goal.
Number of units
Bill Johnson, sales manager, and Diane Buswell, co
units
(e) Based on the most recent sales forecast, Current Designs plans to sell 1,000 units of this model. Using your results from part (c), calculate the margin of safety and the margin of safety ratio. (Round margin of safety ratio to 1 decimal place, e.g. 25.5%.)
Margin of safety $
Bill Johnson, sales manager, and Diane Buswell, co
Margin of safety ratio
Bill Johnson, sales manager, and Diane Buswell, co
%
By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor.
(a) Calculate variable costs per unit.
Variable cost per unit $
Bill Johnson, sales manager, and Diane Buswell, co
(b) Determine the contribution margin per unit.
Contribution margin per unit $
Bill Johnson, sales manager, and Diane Buswell, co
(c) Using the contribution margin per unit, determine the break-even point in units for this product line.
Break-even point
Bill Johnson, sales manager, and Diane Buswell, co
units
(d) Assume that Current Designs plans to earn $270,600 on this product line. Using the contribution margin per unit, calculate the number of units that need to be sold to achieve this goal.
Number of units
Bill Johnson, sales manager, and Diane Buswell, co
units
(e) Based on the most recent sales forecast, Current Designs plans to sell 1,000 units of this model. Using your results from part (c), calculate the margin of safety and the margin of safety ratio. (Round margin of safety ratio to 1 decimal place, e.g. 25.5%.)
Margin of safety $
Bill Johnson, sales manager, and Diane Buswell, co
Margin of safety ratio
Bill Johnson, sales manager, and Diane Buswell, co
%

Answers

Answer:

a. Particulars                                                  Amount$

Kevlar per kayak                                            250

Resin and Supplies per kayak                       100

Finishing Kit per kayak                                   170

Labor per Kayak                                             420

Variable selling & admin. exp. per kayak     400

Total variable cost per kayak                       1,340

b. Contribution margin per unit = Selling price per unit – Variable cost per unit

Contribution margin per unit = $2,000 per unit - $1,340 per unit

Contribution margin per unit = $660 per unit

c. Break-even point in units = Total fixed costs/ Contribution margin per unit

Break-even point in units = ($ 119,700 + $240,000) / $660 per unit

Break-even point in units = 545 units

d. Number of units to be sold = (Total Fixed cost + Target Profit)/ Contribution margin per unit

Number of units to be sold= ($119,700 + $240,000 + $270,600) / $660 per unit

Number of units to be sold = 955 units

So therefore, the company needs to sell 955 units in order to achieve target profit of $270,600.

How have engineer contributed to the society?Explain​

Answers

Explanation:

Engineers contributed very significantly to a country's development from an agricultural economy to the one that includes manufacturing communication services and exploration to the country's natural resources like 10 hydro power oil and gas

Sự gia tăng về giá cả một loại hàng hóa nào đó không chắc chắn là sự gia tăng của lạm phát.đúng hay sai?

Answers

Falseeeeeeeeeeeeee saiiii

Charlie's brother, Alexander, also consumes apples (A) and bananas (B). Alexander's utility function happens to be U(A, B) = 5A + 2B.
(a) Alexander has 40 apples and 5 bananas. The indifference curve through (40, 5) also include bundle ( _____ , 2).
(b) Alexander has 40 apples and 5 bananas. With this bundle, Alexander would like to give up _____ apple(s) for a banana.

Answers

Solution :

[tex]U(A, B) = 5A + 2B[/tex]

a). Bundles [tex](40, 5)[/tex] = U ( _____ , 2), lie on the same indifference curve. Suppose missing numbers is x.

So, [tex]U(40, 5) = U(x, 2)[/tex]

   (40 x 5) + (2 x 5) = 50x + (2 x 2)

     210 - 4  = 5x

       [tex]x = 41.2[/tex]

So Alexander has [tex]40[/tex] apples and [tex]5[/tex] bananas. The indifference curve though [tex](40, 5)[/tex] also include bundle.

Therefore, (41.2, 2)

b). [tex]$MRS_{BA} = \frac{MU_B}{MU_A}$[/tex]

                  [tex]$=\frac{\delta U/\delta B}{\delta U/\delta A}$[/tex]

                  [tex]$=\frac{2}{5}$[/tex]

                 = 0.4

So Alexander  has [tex]40[/tex] apples and [tex]5[/tex] bananas with this bundle. Alexander would like to give up [tex]0.4[/tex] unit apples for a banana.

On January 1, the company purchased equipment that cost $10,000. The equipment is expected to be worth about (or has a salvage value of) $1,000 at the end of its useful life in five years. The company uses straight-line depreciation. It has not recorded any adjustments relating to this equipment during the current year. Complete the necessary December 31 journal entry by selecting the account names from the pull-down menus and entering dollar amounts in the debit and credit columns.
View transaction list
Note: Enter debits before credits.
Date General Journal Debit Credit
Dec. 31 es Depreciation expense
Accumulated depreciation
Record entry Clear entry View general journal

Answers

Answer:

See below

Explanation:

10000-1000=9000 to be depreciated

9000/5=1800 annual depreciation

journal entry:

depreciation expense.     1800 (debit)

  Accumulated depreciation.   1800 (credit)

to record annual depreciation

"On January 1, the company purchased equipment that cost $10,000. ".the necessary December 31 journal entry is

1800 is the cost of depreciation (debit)

Depreciation that has accumulated. 1800 (credit)

What is a journal entry?

Generally, a journal entry is simply defined as a journal used to write a commercial business in the accounting records of a company.

In conclusion,  journal entries show business transactions.

Read more about journal entry

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Baker Enterprises operates a midsized company that specializes in the production of a unique type of memory chip. It is currently the only firm in the market, and it earns $10 million per year by charging the monopoly price of $115 per chip. Baker is concerned that a new firm might soon attempt to clone its product. If successful, this would reduce Baker’s profit to $4 million per year. Estimates indicate that, if Baker increases its output to 280,000 units (which would lower its price to $100 per chip), the entrant will stay out of the market and Baker will earn profits of $8 million per year for the indefinite future. 1. What must Baker do to credibly deter entry by limit pricing? 2. Does it make sense for Baker to limit price if the interest rate is 10 percent?

Answers

Answer:

Baker Industries manufactures two products: A and B. The company predicts a sales volume of 10,000 units for product A and ending finished-goods inventory of 2,000 units. These numbers for product B are 12,000 and 3,000, respectively. Bacon currently has 7,000 units of A in inventory and 9,000 units

Explanation:

It is currently the only firm in the market, and it earns $10 million per year by charging the monopoly price of $115 per chip. Baker is concerned that a new firm might soon attempt to clone its product. If successful, this would reduce Baker’s profit to $4 million per year. Estimates indicate that, if Baker increases its output to 280,000

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