subject
Business, 08.04.2020 04:45 korrinevbrulz8682

G Bernie Company sells buttons to fabric stores. Sales are expected to be $2,038,776 in January, $2,352,253 in February and $3,068,891 in March. Bernie Company sets their prices so that they earn an average 48% gross profit on sales revenue. What is budgeted cost of goods sold for February?

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 21:30
The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing company: work in process inventory $0 raw materials inventory $ 28 comma 100 finished goods inventory $ 40 comma 600 additional data: 1. actual manufacturing overhead for january amounted to $ 65 comma 000. 2. total direct labor cost for january was $ 63 comma 400. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no. 151, for which total direct labor charges were $ 5 comma 200 (1 comma 300 direct labor hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 700. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 300. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for january?
Answers: 3
question
Business, 21.06.2019 23:30
Select the correct answer. the word intestate means that a person has died with or without a will?
Answers: 1
question
Business, 22.06.2019 08:40
The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.
Answers: 1
question
Business, 22.06.2019 10:00
mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?
Answers: 2
You know the right answer?
G Bernie Company sells buttons to fabric stores. Sales are expected to be $2,038,776 in January, $2,...
Questions
question
Mathematics, 26.01.2021 01:00
question
Mathematics, 26.01.2021 01:00
question
Mathematics, 26.01.2021 01:00
question
Mathematics, 26.01.2021 01:00
question
English, 26.01.2021 01:00
question
English, 26.01.2021 01:00
question
Social Studies, 26.01.2021 01:00
question
Mathematics, 26.01.2021 01:00
question
English, 26.01.2021 01:00
Questions on the website: 13722361