The Pedernales Company buys tents for $140 and sells them fo…

The Pedernales Company buys tents for $140 and sells them for $260 each; the company has the following sales forecast: August 200 units, September 280 units and October 310 units. Ending inventory for each month should be 20% of the next month’s sales. The company had 36 units on hand on August 1st. What total dollar amount would appear on the company’s sales budget for August?

The Guadalupe Corporation recently manufactured inventory an…

The Guadalupe Corporation recently manufactured inventory and had the following costs: Direct labor wages $6,100 Administrative salaries $8,000 Variable overhead $2,700 Direct materials $8,600 Utility costs $2,800 Administrative rent $4,300 when the company produced 2,000 units.  What is the company’s variable cost per unit?  Round your final answer to two decimal places.

A company decides to make all sales on account and experienc…

A company decides to make all sales on account and experience shows that 40% of sales are collected in the month of the sale and 60% in the month after the sale; which of the following budgets will be impacted by the decision? Sales [response1] Balance sheet [response2] Income statement [response3] Purchases [response4] Cash [response5]

The Blanco Company began operations this year and reported t…

The Blanco Company began operations this year and reported the following at the end of the year: Cash 8,200 Inventory 6,650 Accounts receivable 340 Common stock 8,400 Equipment 23,900 Advertising expense 560 Rent expense 850 Revenue 28,900 Notes payable 9,400 Payroll expense 6,200 What is the company’s total equity?

The McKinney Company had direct materials costs of $225,000,…

The McKinney Company had direct materials costs of $225,000, direct labor costs of $450,000, overhead costs of $300,000 and period costs of $150,000 when it produced 150,000 units. If the company sold 80,000 units, what dollar amount would it report as cost of goods sold for the period?  As needed, round your final answer to the nearest whole dollar.