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Nascar Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending inventory for the first quarter will be 37,500 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 225,000 units; third quarter, 262,500 units; and fourth quarter, 237,500 units.
Company policy calls for the ending inventory of a quarter to equal 20% of the next quarter's budgeted sales. Nascar Company reports direct materials requirements of 0.60 pounds per unit. It also aims to end each quarter with an ending inventory of direct materials equal to 50% of next quarter's budgeted materials requirements. Direct materials cost $175 per unit. Required: Prepare a direct materials budget for the second quarter.
Ridge Road Company acquired 30 percent of the voting shares of Sauk Trail, Inc. for $4,400,000 in cash. Both companies provide commercial Internet support services but serve markets in different industries. Ridge Road made the investment to ga..
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What are some ethical concerns in the preparation and use of a company budget?
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Darron Co. was formed on January 1, 2011 as a wholly owned foreign subsidiary of a U.S. corporation. Darron's functional currency was the stickle (§). The following transactions and events occurred during 2011:
Using the activity base info in (a), determine the annual amount of payroll and purchasing costs charged back to the Residential, COmmercial, and Government contract divisions from payroll and purchasing services.
What are the advantages and disadvantages of making individual managers either, cost center manages, investment center manager, profit center manager.
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