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ACCT 434 Week 3 Cost Behavior Decision Making Quality ( DEVRY )
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Cash Sales $ 160,000 $ 150,000 $ 120,000 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 . ll 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
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ACCT 434 Week 3 Cost Behavior Decision Making Quality ( DEVRY )
1 . Question :
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( 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