The budgeted cost of products to be sold in a future period would be found in the
a. production budget.
b. sales budget.
c. purchases budget.
d. pro forma income statement.
D
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Narrative 9-2Use the information below to solve the following problems: Tax Rate Wage Base Social security6.2% $128,400 Medicare1.45% no limit FUTA.6% $7,000 SUTA5.4% $7,000 ? Refer to Narrative 9-2. Solomon Plastics employs 272 workers and has a gross payroll of $186,500.00 per week. Fringe benefits are 4 3/4% of gross payroll for sick days and maternity leaves, 8.2% for health insurance, 3.6% for the retirement fund, and $28.75 per employee for a stock purchase plan. a.What is the company's weekly cost of fringe benefits?b.What percentage of the payroll does this represent? (Round to the nearest hundredth of a percent)
What will be an ideal response?
Marcy has received a special order for 2,000 units of its product at a special price of $60. The product normally sells for $80 and has the following manufacturing costs: Per unitDirect materials $24Direct labor 16Variable manufacturing overhead 12Fixed manufacturing overhead 20Unit cost $72Assume that Marcy has sufficient capacity to fill the order without harming normal production and sales and all fixed overhead is unavoidable. a. If Marcy accepts the order, what effect will the order have on the company's short-term profit?b. What minimum price should Marcy charge to achieve a $20,000 incremental profit?c. Now assume Marcy is currently operating at full capacity and cannot fill the order without harming normal production and sales. If Marcy accepts the order, what
effect will the order have on the company's short-term profit? What will be an ideal response?
Management at a chain of Indiana grocery stores with a long history of purchasing products from Miller Meat is unhappy with the timing of deliveries
In fact, the grocery store's management is considering switching to another meat supplier who will delivery more frequently. This is an example of a(n) ________ conflict. A) independent channel B) vertical C) horizontal D) intermodal E) conventional
Compute the collections from customers.
Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information reported for 2019: 1. Sales Revenue, $520,000 2. Accounts Receivable, beginning balance, $99,000 3. Accounts Receivable, ending balance, $62,000 A) $557,000 B) $458,000 C) $161,000 D) $359,000