ACCT 434 Week 3 Cost Behavior Decision Making Quality
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Credit Sales 300,000 400,000 280,000
Total Sales $ 460,000 $ 550,000 $ 400,000 Management estimates that 5 % of credit sales are not collectible. Of the credit sales that are collectible, 60 % are collected in the month of sale and the remainder in the month following the sale. Cost of purchases of inventory each month are 70 % of the next month ' s projected total sales. 11 purchases of inventory are on account; 25 % are paid in the month of purchase, and the remainder is paid in the month following the purchase. Brenton ' s budgeted total cash payments in March for inventory purchases are =========================================
ACCT 434 Week 3 Cost Behavior Decision Making Quality
For more course tutorials visit www. uophelp. com
1. Question:( TCO 3) Dougherty Company employs 20 individuals. Eight employees are paid $ 12 per hour and the rest are salaried employees paid $ 3,000 a month. How would total costs of personnel be classified? 2. Question:( TCO 3) For January, the cost components of a picture frame include $ 0.35 for the glass, $ 0.65 for the wooden frame, and $ 0.80 for assembly. The assembly desk and tools cost $ 400. A total of 1,000 frames is expected to be produced in the coming year. What cost function best represents these costs? 3. Question:( TCO 3) Which cost estimation method uses a formal mathematical method to develop cost functions based on past data? 4.