What would be the yearly total on the direct materials

Assignment Help Accounting Basics
Reference no: EM133189738

Question - Some accountants decided to supplement their income by selling beehives. They expect to sell 24,000 hives in 2001. They ended 2020 with 2300 completed hives in inventory and would like to complete operations in 2021 with at least 1,900 completed hives in inventory. There is no ending work in process inventory. One beehive holds about 250 bees. The bees are purchased for $3 per 1,000 bees. The hives sell for $11 each. What would be the yearly total on the direct materials purchases budget for bees purchases?

A. $216,000

B. $13,500

C. 45,000

D. 9,000

Reference no: EM133189738

Questions Cloud

Five forces on a company pursuing cost leadership : What is the impact of the five forces on a company pursuing cost leadership? Explain it in the food industry
Differences between a domestic and global value chain : Choose and describe a company operating solely in the United States that might be ready to expand globally. Explain what type of global expansion is being consi
What is a market segment : 1. What is a market segment? 2. What is a want and a need, and the difference between the two?
Article the about international business topic : 1. Give a current events article (within the last year or two) about international business topic?
What would be the yearly total on the direct materials : The bees are purchased for $3 per 1,000 bees. The hives sell for $11 each. What would be the yearly total on the direct materials purchases budget
Calculate the bad debt expense for masala inc : During the quarter ended March 31, 2017, Masala wrote off accounts totaling $600. Calculate the bad debt expense for Masala Inc
At what annual rate did earnings per share grow : Microsoft Corp. reported earnings per share of $1.80 in 2006 and $2.70 in 2016. At what annual rate did earnings per share grow over this period
Compute the value of megas : For the grape leaves project, Megas will invest $210 million and receive $55m annually, in terms of operations free cash flow. Compute the value of Megas
Write an overview of the brand : Brand Description - Write an overview of the brand, describing the key elements, such as identity, image, positioning, personality, experience

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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