A sporting goods manufacturer budgets production of 45,000 pairs of ski boots in the first quarter and 30,000 pairs in the second quarter of the upcoming year. Each pair of boots requires 2 kilograms (kg) of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter's material needs. Beginning inventory for this material is 18,000 kg and the cost per kg is $8. What is the budgeted materials purchases cost for the first quarter?
A. $720,000.
B. $576,000.
C. $729,600.
D. $672,000.
E. $864,000.
Answer: D
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Determine which statement defends the idea that private employers do not have an obligation to provide jobs for others.
A. Employers have rights, although limited, to property and also have their own right to work. B. Everyone needs a job to be able to satisfy his or her instrumental and psychic needs. C. The economic system of a society exists, fundamentally, for the well-being of that society's members. D. If citizens have a right to a job to fulfill their instrumental and psychic needs, then some public institution has the obligation to provide those jobs. Private employers can fulfill that obligation more efficiently than government.
At the end of the year, Beta, Inc. has an unadjusted debit balance in the Manufacturing Overhead account of $4000. The adjusting journal entry needed to adjust the balance to zero will include a ________.
A) debit to Cost of Goods Sold $4000 and credit to Manufacturing Overhead $4000 B) debit to Manufacturing Overhead $4000 and credit to Cost of Goods Sold $4000 C) debit to Work-in-Process Inventory $4000 and credit to Manufacturing Overhead $4000 D) debit to Gross Profit $4000 and credit to Cost of Goods Sold $4000
______ capital is human-made capital like machines, tools, buildings, and other infrastructure that are used to produce other assets.
A. Natural B. Social C. Manufactured D. Human
Use ____________________ format for short (usually eight or fewer pages) informal reports addressed outside an organization
Fill in the blank(s) with correct word