Diggsdiggs company incurred the following costs while producing 450450 units: direct materials, $ 15$15 per unit; direct labor, $ 20$20 per unit; variable manufacturing overhead, $ 14$14 per unit; total fixed manufacturing overhead costs, $ 6 comma 750$6,750; variable selling and administrative costs, $ 3$3 per unit; total fixed selling and administrative costs, $ 4 comma 050$4,050. there are no beginning inventories. what is the ending balance in finished goods inventory using variable costing if 440440 units are sold?

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

Explain whether each of the following events increases or decreases the money supply. a. the fed buys bonds in open-market operations. b. the fed reduces the reserve requirement. c. the fed increases the interest rate it pays on reserves. d. citibank repays a loan it had previously taken from the fed. e. after a rash of pickpocketing, people decide to hold less currency. f. fearful of bank runs, bankers decide to hold more excess reserves. g. the fomc increases its target for the federal funds rate.

Because the demand for wheat tends to be inelastic. true or false