Grffiths company planned to make 500000 cans of pasta sauce

Reference no: EM13608117

Grffiths Company planned to make 500,000 cans of pasta sauce and spend $250,000 on tomatoes during November. However, demand was weak due to increased competition, and only 450,000 cans of pasta sauce were produced. The actual cost incurred was $230,000. Tomato prices were as expected during the period. Which of the following statements would be a fair statement regarding Grffiths' performance on tomato usage?

Grffiths was under flexible budget by $20,000 and did a good job controlling costs.
Grffiths was over budget by $5,000 and did a poor job of controlling costs.
Grffiths' flexible budget for tomatoes for performance evaluation should have been $250,000.
Both a and c are correct

Deng Company expects sales as follows:
January $100,000
February $150,000
March $180,000
April $200,000

Sales are made 20% for cash, and 80% on credit. Credit sales are collected 60% in the month of sale and 40% in the next month. What are cash collections for March?

Reference no: EM13608117

Questions Cloud

A process with no beginning work in process completed and : a process with no beginning work in process completed and transferred out 28000 units during a period and had 14000

A company expected its annual overhead costs to be 1800000 : a company expected its annual overhead costs to be 1800000 and direct labor costs to be 1000000. actual overhead was

Hinrich entertainment distributes a dvd which sells for 12 : hinrich entertainment distributes a dvd which sells for 12 per unit. hinrich pays 7 per unit to buy the product.

The 100kg cart b are both essentially the same value of 050 : if the coefficients of static and kinetic friction between the 20kg block a and the 100kg cart b are both essentially

Grffiths company planned to make 500000 cans of pasta sauce : grffiths company planned to make 500000 cans of pasta sauce and spend 250000 on tomatoes during november. however

To what temperature do you need to heat both the brass : a brass cylindrical bar at 300 k has a diameter of exactly 34 mm. an aluminum ring has an inner diameter which is

Historical data suggests that a scientific journal accepts : historical data suggests that a scientific journal accepts 10 of the manuscripts it receives rejects 50 of the

Maize company incurs a cost of 39 per unit of which 26 is : maize company incurs a cost of 39 per unit of which 26 is variable to make a product that normally sells for 59. a

Each unit requires 3 pounds of material raw materials at : each unit requires 3 pounds of material. raw materials at the beginning of july total 15000 pounds. raw materials at

User Account

All Pages