A characteristic of a good budget is

Wilmer Division’s operating results include: Controllable margin, $150,000 Sales revenue, $1,200,000 Operating assets, $500,000 Wilmer is considering a project with sales of $120,000, expenses of $84,000, and an investment of $180,000. Wilmer’s required rate of return is 15%.  Should Wilmer accept this project considering the change to ROI that will occur?

For 2022, Swifty Company has cost of goods manufactured of $499100, beginning finished goods inventory of $24800, and ending finished goods inventory of $19500. How much is cost of goods sold?

Dromedrille Company has the following results for the year just ended:        Sales                                         $2,000,000        Operating Income                        $125,000        Capital Investment                       $600,000        Required Rate of Return                        6% What is the company’s Residual Income for the year?

Evans Recycle plans to produce 1,500 recycle bins during April. Each bin requires 1.7 kilograms of plastic and 0.1 hours of direct labour. Plastic costs $2.15 per kilogram. Evans pays its employees $12.50 per hour. Manufacturing overhead is applied at a rate of 150% of direct labour costs. Finished plastic lids are purchased separately from another supplier. Evans has 400 kilograms of plastic in beginning inventory and wants to have 550 kilograms in ending inventory.   Instructions a)    How many kilograms of plastic direct materials should Evans plan to buy during April? b)    How much should Evans budget for direct labour for April? c)    How much manufacturing overhead will be charged to each recycle bin in April? d)    What is the cost per unit of the bins produced in April?

Litto Fray’s produces corn chips. The cost of one batch is below:           Direct materials                              $18.00           Direct labour                                    13.00           Variable overhead                           12.00           Fixed overhead                               14.00 An outside supplier has offered to produce the corn chips for $26 per batch. How much will Litto Fray save if it accepts the offer?

Marigold Combines Inc. has $4100 of finished goods inventory as of December 31, 2022. If beginning finished goods inventory was $2400 and cost of goods sold was $7900, how much would Marigold report for cost of goods manufactured?

What amount is given by the sum of direct materials, direct labour, and manufacturing overhead incurred?

Continents like Asia or Africa usually have only one biome.

You awaken to find yourself lying on the bare ground, dirty and injured. In the dim light, you can make out wreckage around you and surmise that you have survived a plane crash. Over the next few days, you wander the hot, humid area and find an amazing number of different plant and insect species. You are able to trap and eat several rodent-size mammals, but do not see any larger mammals. Into what biome did your plane crash?