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Cove Enterprises operates a wholesaling business. All inventory sales and purchases are on account. Cove’s monthly sales budget is as follows: May $340,000, June $320,000, and July $310,000. Collections are 80% in the month of the sale and 20% in the month following the sale. Cost of goods sold is budgeted at 75% of sales and ending inventory is budgeted at 60% of the next month’s cost of goods sold. Cove pays all its accounts payable in the month following the purchase. Selling and administrative expenses are $24,000 per month and are all paid in cash. Monthly depreciation on plant and equipment is $15,000. What is the budgeted net cash inflow for the month of June?

Buffalo Company uses a manufacturing overhead rate based on direct labor hours to allocate manufacturing overhead to jobs. Here are data regarding Buffalo’s current-year operations: The amount of overapplied overhead for the year is $45,000. What were the actual direct labor hours for the year? Round to the nearest whole number and do not enter a decimal point (e.g., enter 89, not 89.0).

The tendency of anticodons to bind codons varying in their third base is called __________.  

The cell membranes are composed of a double layer of _________________.  

Wolf Pizza, Inc. produces two types of frozen pizzas, cheese and veggie. The two products vary in terms of their contribution margin ratios. The sales mix is 50% cheese and 50% veggie. Which of the following statements regarding the calculation of Wolf’s break-even point in sales revenues is true?

Yew Industries uses a process costing system. For the month of December, the total equivalent units of production for conversion costs is 14,250 units. Beginning work in process inventory consisted of 4,500 units, which were 60% complete with respect to conversion costs. Ending work in process inventory consisted of 3,000 units, which were 75% complete with respect to conversion costs. How many units were started during the month of December? 

Komodo Supply Company’s monthly sales budget is as follows: April $160,000, May $130,000, and June $120,000. The company’s policy is to set selling prices to earn a 30% gross profit on sales revenue and to maintain an ending inventory balance equal to 40% of the next month’s cost of goods sold. What is the dollar amount of inventory purchases that is budgeted for the month of May?

The enzyme that joins the Okazaki fragments is known as ligase.

Whey Inc. manufactures energy bars and uses process costing. Whey has four processing departments: mixing, forming, cutting and packaging. Here are data regarding the work in process inventory of the forming department for the month of October: For purposes of computing the balance of the ending work in process inventory account, the forming department’s cost per equivalent unit of production with respect to transferred-in costs is greater than $1.40. This is attributable to:

Elm Industries uses a standard cost accounting system to compute the cost of its inventory. During the month of May, Elm’s actual total direct labor costs are $51,450. The direct labor rate variance is $1,800 unfavorable, and the direct labor efficiency variance is $750 favorable. What is the total amount of direct labor costs that Elm applies to its work-in-process inventory for the month of May?