QUESTION 3
A company has the following budgeted data for its first year of operation:
£ Per unit
Direct materials 1.30
Direct labour 1.50
Variable overhead 0.20
Fixed overhead 1.00
(£150,000 / 150,000 units of normal volume)
Total standard factory cost 4.00
Selling price 5.00
Other expenses:
Fixed selling and administration overhead £65,000
Sales commission 5% of sales value
Production and sales in units
Opening stock Nil
Production 170,000
Sales 140,000
REQUIRED
Prepare a budgeted profit statement for the first year of operation using:
i. absorption costing principles (10 marks)
ii. marginal costing principles (10 marks)
(Total 20 marks)​

Answers

Answer 1
Yes yes yes yes yes yes yes

Related Questions

What is the first step in the federal budget process?
a. Congress debates and compromises on a budget
b. Federal agencies propose spending
c. Executive branch creates a budget
d. President signs or vetoes budget

Answers

Answer:

executive branch create a budget

Explanation:

i think in every budget process the first step is to plan or create a budget

The Executive branch creates a budget, which is the Frist step in the federal budget process. Therefore option C is correct.

What is Budget?

A spending plan based on income and costs is called a budget. In other words, it's a projection of your income and expenses for a specific time frame, like a month or a year.

You can always have enough money for the things you need and the things that are crucial to you because budgeting helps you to make a spending plan for your money. Maintaining a budget or spending plan will also assist you in remaining out of debt or, if you are already in debt, in overwhelming it.

Depending on the specific area of the business that has to be prioritized, different budgets can be prepared. Below are three examples of common budgeting plans.

Forecast Budget

Performance Budget

Cash Budget

Hence, firstly executive branch creates a budget.

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A company budgeted $148,000 sales on account for June, $120,000 for July, $211,000 for August, $198,000 for September, and $164,000 for October. Collection experience indicates that 60% of the budgeted sales will be collected the month after the sale, 36% will be collected the second month, and 4% will be uncollectible. Which month should have the largest amount of cash receipts from accounts receivable budgeted

Answers

Answer:

October

Explanation:

The computation of the month in which the largest amount of cash receipts is there

So, for that the calculation is to be needed

= $211,000 × 36% + $198,000 × 60%

= $75,960 + $118,800

= $194,760

For this month, the cash receipts from the account receivable is high

So the same should be considered

When the local used bookstore prices economics books at $15.00 each, they sell 70 books per month. If they lower the price to $7.00 each they sell 90 books. If so, the price elasticity of demand for the books is

Answers

Answer:

0.34,

Explanation:

% change in qty = { (90-70) / [(90+70)/2} *100 = 25%

% chnage in price =  { (7-15) / [(7+15)/2} *100 = -72.73%

PRICE ELA OF DEMAND = CHANGE IN QTY/  CHANGE IN PRICE

PRICE ELA OF DEMAND =  25/72.73 = 0.343

an increase in price from $7.00 to $15.00 results in an increase in total revenue.

The price elasticity of demand for the books when 90 books are sold when the prices are lowered from $15 to $7 each will be 0.34.

What is price elasticity of demand?

A percentage change in the quantity demanded for particular goods or services due to a percentage change in the price of such goods or services is known as the price elasticity of demand.

For the given case, the price elasticity of demand will be calculated as,

[tex]\rm Price\ Elasticity\ of\ Demand\ = \dfrac{\dfrac{Final\ Quantity-Initial\ Quantity}{Initial\ Quantity}}{\dfrac{Final\ Price- Initial\ Price}{Initial\ Price}}\\\\\rm Price\ Elasticity\ of\ Demand\ = \dfrac{\dfrac{90-70}{70}}{\dfrac{15- 7}{7}}\\\\\rm Price\ Elasticity\ of\ Demand\ = 0.34[/tex]

Hence, the price elasticity of demand is calculated as above.

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What best determines whether a borrower’s interest rate on an adjustable rate loan goes up or down? a fixed interest rate a bank's finances a market's condition a person's finances

Answers

The factor that determines whether a borrower’s interest rate on an adjustable rate loan goes up or down is a market's condition.

An adjustable-rate mortgage can be regarded as mortgage loan in which the interest rate can undergo adjustment, and this is can be done with respect to cost of the lender of borrowing on the credit market.

However, this loan can be given out base on the lender's standard variable rate/base rate.

We can conclude that market's condition do determine whether a borrower’s interest rate on an adjustable rate loan goes up.

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Answer:

the answer is c

Explanation:

just took the test

Question 6 of 10
A country exports goods and services valued at $400 million in a year. During
that same year, the country imports goods and serves valued at $300 million.
Which conclusion best describes the country's balance of trade?
O A. The country has a trade surplus.
B. The country has established a comparative advantage.
C. The country has established an absolute advantage.
D. The country has a trade deficit.
SUBMIT

Answers

If a country exports goods and services valued at $400 million in a year and in the same year imports goods and serves valued at $300 million, it can concluded from its balance of trade that the country has a trade surplus. Thus, option A is correct.

What is balance of trade?

The difference between a country's exports and imports for a certain period is known as the balance of trade (BOT). The main component of a country's balance of payments (BOP) is the balance of trade.

A country with a trade deficit imports more products and services than it exports in terms of value, whereas a country with a trade surplus exports more goods and services than it imports. The BOT can be calculated by subtracting the total value of its exports from the total amount of its imports.

The balance of trade for this country will be the difference between its exports and imports. It is given that the country exports goods and services valued at $400 million in a year and the country imports goods and serves valued at $300 million. So its balance of trade will be $100 ($400-$300) as trade surplus.

Therefore, the country shows a trade surplus.

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Jupiter Co. applies overhead based on direct labor hours. The variable overhead standard is 4 hours at $12 per hour. During February, Jupiter Co. spent $113,400 for variable overhead. 9,150 labor hours were used to produce 2,400 units. What is the variable overhead efficiency variance

Answers

Answer:

YOUR ANSWER IS GIVEN BELOW:

Explanation:

Variable overhead efficiency variance

= (SLH - ALH) * SR

= (2400*4 - 9150) * 12

= 5400 F

Match the term with its definition Question 2 options: a method of advertising or selling that uses false claims to lure people into buying worthless or harmful products when a person deceives another person into buying products or services that he or she knows are ineffective or harmful the use of bandages or nonporous garments to compress body parts; also advertised for a method of weight-loss. 6 the best choice for staying hydrated. 5 a trendy weight-loss plan that promises dramatic results and are not healthy for you. 7 contains high levels of sugar and caffeine and has been linked to increases in weight and even obsesity. a product taken orally that contains one or more ingredients (such as vitamins or amino acids) that are intended to boost / be an additive to one's diet and are not considered food

Answers

Answer:

The answer is below

Explanation:

Matching the definition with the right words or terms, we have the following:

1. QUACKERY: a method of advertising or selling that uses false claims to lure people into buying worthless or harmful products.

2. FRAUD: when a person deceives another person into buying products or services that he or she knows are ineffective or harmful.

3. FIGURE WRAPPING: the use of bandages or nonporous garments to compress body parts; also advertised for a method of weight loss.

4. COOL WATER: the best choice for staying hydrated.

5. FAD DIETS: a trendy weight-loss plan that promises dramatic results and is not healthy for you.

6. COCA-COLA: contains high levels of sugar and caffeine and has been linked to increases in weight and even obesity.

7. DIETARY SUPPLEMENTS: a product taken orally that contains one or more ingredients (such as vitamins or amino acids) that are intended to boost/be an additive to one's diet and are not considered food

What is your favorite music artist? Mine is juice WRLD

Answers

Answer:

Same!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Which of the following is an example of internal compliance?
A. An accounting firm adheres to the Sarbanes-Oxley Act to prevent
fraud.
B. A hospital's staff members participate in state-mandated training
sessions every year.
C. A fast food restaurant follows Department of Agriculture
regulations for food preparation.
O D. A publishing company prevents its employees from using office
computers for personal use.

Answers

Answer:

D. A publishing company prevents its employees from using office computers for personal use.

Explanation:

An internal compliance can be defined as certain strategic measures adopted or put in place by an organization (company) within its own business by setting rules and standards, best practices, internal procedures, establishing policies and maintaining a level of quality so as to successfully achieve its aim, goals and objectives.

Basically, it comprises of specific business ethics or code of conduct that employees working in an organization must completely adhere to or strictly follow at all times. Also, it is often referred to as human resource (HR) compliance.

Hence, an example of internal compliance is the situation in which a publishing company prevents its employees from using office computers for personal use.

Answer:

D. A publishing company prevents its employees from using office computers for personal use.Explanation:

Determining Cost of Goods Sold For a recent year, Best Buy (BBY) reported sales of $39,528 million. Its gross profit was $9,191 million. What was the amount of Best Buy's cost of goods sold

Answers

Answer:

30,337 million

Explanation:

sales-cost of goods sold = gross profit

(in millions)

(x= COGS)

39528-x=9191

x=30,337

Carla and John enter into a partnership and form a business. Under the partnership agreement, Carla is directly responsible for the management of the firm and its liabilities. John has a minor financial stake in the firm and works there, but he is not held responsible for the taxes and debts owed by the firm. In the context of the legal forms of business, Carla and John have formed a _____,

Answers

Answer:

limited liability partnership

Explanation:

From the question, we are informed about Carla and John who enter into a partnership and form a business. Under the partnership agreement, Carla is directly responsible for the management of the firm and its liabilities. John has a minor financial stake in the firm and works there, but he is not held responsible for the taxes and debts owed by the firm. In this case, under context of the legal forms of business, Carla and John have formed a limited liability partnership. limited liability partnership can be regarded as flexible legal as well as tax entity which give room for

partners to benefit from economies of scale through their working together as with this there would be reduction in their liability for the actions of other partners. As regards any legal entity, the law of

should be checked before one get too excited.

.

You purchase $300 worth of the same stock every quarter for one year at prices per share of $15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
please help ​

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:

The higher wages college graduates receive are primarily due to discrimination Answer A: discrimination A differences in working conditions Answer B: differences in working conditions B on-the-job training Answer C: on-the-job training C differences in bargaining power Answer D: differences in bargaining power D differences in human capital ap microeconomics

Answers

Answer:

A differences in working conditions

Explanation:

The working conditions of the employees matters a lot when it comes to determine the wages of the employees. There is always a discrimination made based on the working condition, the level of education received by the employees and many more.

Thus the higher wages received by the college graduates is mainly due to the working condition and the responsibilities that they are going take while working in an organization when compared to their sub-ordinates.

Differences between private and public company

Answers

here's your answer..

Answer:

The public company refers to a company that is listed on a recognized stock exchange and its securities are traded publicly. A private company is one that is not listed on a stock exchange and its securities are held privately by its members.

Explanation:

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[tex]\large\colorbox{indigo}{Xxᴊᴀsʜ13xX}[/tex]

Multiple Choice Question Use the following information to calculate the labor efficiency variance for Adkinson Company. Actual hours used 5,500; Standard hours allowed 5,800; Actual labor rate $14.75 per hour; and Standard labor rate $14.00 per hour.

Answers

Answer:

$4,200 Favorable.

Explanation:

$14.00 x (5,800 - 5,500) = $4,200 Favorable. The labor efficiency variance is calculated using the standard, not the actual, labor rate.

Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores

Answers

Answer:

c

Explanation:

A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes

Zappos' product selection includes performance athletic shoes, outdoor coats, contemporary shirts, couture accessories, and more. This selection best illustrates the firm's: a.product positioning. b.product line depth. c.market niche. d.product mix breadth.

Answers

Answer:

This is an example of product mix because it represents all of the company's product lines put together :)

Apple is constantly striving to introduce new products into the marketplace. At the initial stage, Apple design teams are separated from the rest of the organization and housed in a separate facility to enhance the ability to develop new concepts. This approach has proven to enhance the ability to come up with new concepts in the _____ stage of the new-product development process.

Answers

Answer:

Idea generation.

Explanation:

The new product development process is a process of taking a product to the market. It is a part of product design. The process continues till the life cycle of product is over.

There are several stages of the new product development.

The stage in which the Apple company is, in the given scenario, is idea generation.

Idea generation is the first stage of the new product development. In this stage, the company seeks for ideas for creating or developing new products.

Therefore, idea generation is the correct answer.

High student loan payments can impact all of the following life decisions except _____.

a)getting married
b)buying a car
c)being abele to afford food
d)buying a house

Answers

Hi there!

Answer:

Option A, see below!

Explanation:

If you are high in student loan debt, your DTI (debt-to-income) ratio will be closer. The more farther apart the two numbers are the better. The more closer to each other they are the worse. High student loans can affect buying a car, getting food and buying a house because you need money for these, unlike getting married. The answer is option A.

A discount supermarket, such as Aldi, is most likely to place an emphasis upon which of the following elements of the marketing mix?​

Answers

Answer: Price

Explanation:

Marketing mix simply refers to the set of tactics or actions that a company will use to promote its product or brand in the market. The marketing mix is made up of the Price, Product, Promotion and Place.

A discount supermarket, such as Aldi, is most likely to place an emphasis upon the price. It is a discount factor, therefore the price will be its point of emphasis.

Sarah has $200,000 in her checking account. Sarah's bank puts $100,000 of it into reserves, and lends the remaining $100,000 to John. John uses the funds to buy a house from Peter, who takes the $100,000 he earned in the sale and puts it in his savings account. John's bank puts $98,000 of these funds into reserves, and uses the remaining $2,000 to make a new loan to Olga. Olga takes this loan in cash since she is about to go on a road trip. Based on the information provided, what is the money supply (M2) in this economy

Answers

Answer:

The money supply (M2) in this economy is:

= $302,000.

Explanation:

a) M2 includes cash, checking deposits, and convertible near money (or savings and time deposits, certificates of deposit, and money market funds).  M2 is always higher than M1, which is made up of cash and checking deposits only.

b) Data and Calculations:

M2 in this economy equals to:

Sarah's deposit of $200,000

Peter's deposit of $100,000

Olga's cash of $2,000

Total M2 = $302,000

At Furman Company, managers go through a lengthy budgeting process wherein each department manager is required to provide documentation justifying every expected expense. Furman uses ____ budgeting.

Answers

Answer:

zero-base

Explanation:

Zero-based budgeting is the process of distributing the money into expenses, saving and the payment of debt. Here the objective is that the income should be minus your expenses equivalent to zero at the closing of the month. It can be repeated the categories of the expenses and the amount each & every month

Therefore as per the given case, the zero-base budgeting is considered

* I ONLY HAVE AN HOUR LEFT*
The relationship between the level of spending and the income earned is :

A)Positive

B)Negative​

Answers

Answer:

Positive.

Explanation:

The relationship between the level of spending and the income earned is positive. This implies that there is a relationship in which both indicators run in parallel, so that if income rises, the level of expenses will also tend to rise; While if income falls, the same will necessarily happen with the level of spending.

This occurs for a logical question: the greater the amount of money earned by a person, the greater the amount of money available to him to spend on different goods and services; and vice versa.

You rented space for a kiosk at the mall last year for the holiday season for $750. This year they increased it to $825. What is the percent increase?

Answers

Answer:

10%

Explanation:

Cost of kiosk last year = $750

Cost of kiosk this year = $825

Percentage increase = $825-$750 / $750 * 100

Percentage increase = $75 / $750 * 100

Percentage increase = 10%

So the percentage increase in the cost of rent is 10%.

Will mark BRAINLIEST!

Karen, the owner and chief executive of a large media company, has authorized the purchase of a new computerized accounting system. Which step will ensure security of her data?

A. providing employee training
B. upgrading her network firewall
C. purchasing the newest version
D. making herself the only authorized user
E. purchasing new keyboards

Answers

Answer:

my answer is that a letter E

What is an investment portfolio?
A. A selection of varied accounts
B. A selection of varied instruments
C. A selection of varied applications
D. A selection of varied stocks and bonds​

Answers

Answer:

In finance, a portfolio is a collection of investments aka stocks and bonds!

Two consumers each earn $87,000 annually but they spend their money quite differently. The first owns four motorcycles and enjoys hunting and fishing. The second plays golf weekly and drives an SUV. The marketing manager might target these two consumers as part of two different segments based on their

Answers

Answer:

The answer is

= Lifestyle

Hope this answer helps you:)

Have a great day

Mark brainliest

and explain to laws that protect citizens against gender-based violence in our country​

Answers

Answer:

Domestic Violence Act (1998)

Explanation:

The Government, constitution and the legislation protect individuals or women against all sorts of person-to-person violence against women or gender. The Domestic Violence Act protects against various forms of violence against women, and the Security Against Human Rights act (2011) protects against harassment.

The common stock of ABC, Inc., has a beta of 1.13 and a standard deviation of 21.4 percent. The market rate of return is 12.7 percent and the risk-free rate is 4.1 percent. What is the cost of equity for this firm

Answers

Answer:

The appropriate answer is "13.82%".

Explanation:

Given:

Risk free rate,

[tex]R_f=4.10[/tex]

Beta of stock,

[tex]\beta=1.13[/tex]

Market rate,

= [tex]12.7[/tex]

Now,

The market risk premium will be:

⇒ [tex]R_p[/tex] = [tex]Market \ rate-Risk \ free \ rate[/tex]

        = [tex]12.7-4.1[/tex]

        = [tex]8.60[/tex] (%)

hence,

The cost of equity will be:

⇒ [tex]r=R_f+\beta\times R_p[/tex]

      [tex]=4.10+1.13\times 8.60[/tex]

      [tex]=4.10+ 9.718[/tex]

      [tex]=13.82[/tex] (%)

Walmart, Domino's, and Avis Rent-a-Car are examples of
a. agents.
b. industrial distributors.
C. retailers.
d. wholesalers.

Answers

Answer:

they are examples of retailers

Other Questions
who smart enough to answer this? Which of the following statements is true of subroutines? Check all that apply.They can be used in multiple places.They can be used in one place only.They save a programmer time since they are reusable.They can be used only once,They can contribute to excessive use of a computer's resources. can someone please help with this and kinda explain this to me again please halps pleasessssssssss A storyteller tells a series of stories to a ruler to distracthim each night and therefore prevent her own death at hishands.Which term best describes the story?A. Frame narrativeB. ParodyC. ParableD. Allegory Mark and Robert each open a bank account at the same time. The graph shown compares the amounts of money,in dollars, that Mark and Robert have in their bank accounts over time, in weeks.After how many weeks do Mark and Robert have the same amount of money in their bank accounts? uh i suck at this so pls answer if u know How many grams of caffeine should we prepare in a 10 mL standard of 3 mma) 0.05 gramsb) 2.57 gramsc) 0.00583 gramsd) 5 gramsPLEASE HELP! ................helpppp....................... The ____ allows you to compare the elements and understand their properties Can the United States be classified as an ancient civilization? Why why not? Which of the following statements about the electromagnetic spectrum is true?A. It moves slower than the speed of lightB. It's consisting of waves of varying lengthsC. the slowest is wavelengths are orange and redD. Scientist can only detect waves of visible light what is the area of this figure A right triangle (90) has a one angle that measures 35 degrees. What is the measure of the third angle? A. 90 degreesB. 145 degreesC. 55 degreesD. 180 degrees Then top two need a the slope found please and the other two have the directions The measure angle of 92. What is the measure of its supplementary angle Circles TestAssume that lines that appear tangent are tangent. Find the value of the variables,208A. a = 40; b=130; c = 70B. a = 36; b=140; c = 70Ca = 20; b=160; C = 90D. a = 40; b=140; c = 90 Which type of evidence provides the best support for the hypothesis that the ancestors of tetrapods evolved legs before tetrapods were first seen on land? i need to find the missing lengths five examples of capital