User Account

All Pages

What dollar amount of ending inventory would appear

Assignment Help Accounting Basics
Reference no: EM133185183

Question - The Doyle Company buys microphones for $75 and sells them for $125 each; the company has the following sales forecast:

October 240 units

November 190 units

December 320 units

Ending inventory for each month should be 10% of the next month's sales. The company had 38 units of inventory and $136,000 in cash on October 1st. The company has rent of $2,500 and fixed payroll of $6,200 each month. For November, what dollar amount of ending inventory would appear in the company's budgets?

Reference no: EM133185183

Questions Cloud

What is the total cost of the ending inventory : The firm uses the perpetual inventory system, and there are 22 units of the item on hand at the end of the year. What is the total cost of the ending inventory
What are the cost and schedule variances : Assume that operations on a work package were expected to cost $1500 to complete the package. What are the Cost and Schedule variances
Determine the demand deposit multiplier : The reserve requirement of banks is 10 percent of any deposit and bank 1% of any deposit in excess. Determine the demand deposit multiplier
Determine the speculator profit : The spot price is 95.28 cents per 100 yen and the 90-day forward rate is 95.71 cents. Determine the speculator's profit if the yen appreciates to $1.00/100 yen
What dollar amount of ending inventory would appear : The company has rent of $2,500 and fixed payroll of $6,200 each month. For November, what dollar amount of ending inventory would appear in the company budgets
Calculate the material usage mix variance for each material : Green Ltd manufactures a product "Z46" using three materials, J, P, and Y. Calculate the material usage mix variance for each material and in total
Prepare the journal entries to record overhead incurred : During 2021, the company incurred actual overhead of $575,100. Prepare the journal entries to record overhead incurred
Determine the material price variance : Determine the material price variance and the material quantity variance for March. Indicate whether each variance is favorable or unfavorable
What is the amount of cash required for the payment : If Xanadu Company pays the invoice within the discount period what is the amount of cash required for the payment

Reviews

Write a Review

Accounting Basics Questions & Answers

  Who are the firm auditors

To analyze the financial statements of a publicly traded company. Who are the firm's auditors? Do they provide a clean opinion on the financial statements

  The total variable costs are 600 if 500 units are produced

the total variable costs are 600 if 500 units are produced. if 400 units are product the total variable cost would

  Calculate the ending inventory balance for march

Saunder Company uses the perpetual inventory system. Using FIFO method of inventory, calculate ending inventory balance and the cost of goods sold for March.

  What is the new par value of each shares

The total legal capital of Bulldogs Inc. is P420,000,000 and total number of outstanding shares of 2,400,000. What is the new par value of each shares

  How are inventory losses disclosed on the income statement

At 12/31/12, the end of Jenner Company's first year of business, inventory was $4,100 and $2,800 at cost and market, respectively. Following is data relative to the 12/31/13 inventory of Jenner.

  Which of the following is an example of a cost that varies

which of the following is an example of a cost that varies in total as the number of units produced changes?a. salary

  Bakers bagels llc produces and sells 20 types of bagels by

bakers bagels llc produces and sells 20 types of bagels by the dozen. bagels are priced at 6.00 per dozen or 0.50 each

  Name and explain one liquidity ratio what does this ratio

name and explain one liquidity ratio. what does this ratio measure? what is the formula for this

  Prepare Income statement for the year ending March

Prepare Income statement for the year ending 31st March, 2019 and balance sheet as on 31st March 2019. Show the workings

  What is tax liability

Chandler is single and reports taxable income of $133,600. What is Tax liability: What is Marginal rate: and What is Average rate

  What is the december adjusting journal entry for fastforward

What is the December 31 adjusting journal entry for FastForward. FastForward purchased equipment on December 1 for $26,000 cash.

  The paid in capital in excess of par value on the preferred

Connolly Corporation has issued 100,000 shares of $5 par value common stock. It authorized 500,000 shares. The paid-in capital in excess of par value on the common stock is $240,000.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd