Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Optima company is a high technology organization

03/05/2021 Client: muhammad11 Deadline: 2 Day

Optima Company is a high-technology organization that produces a mass-storage system. The design of Optima's system is unique and represents a breakthrough in the industry. The units Optima produces combine positive features of both compact and hard disks. The company is completing its fifth year of operations and is preparing to build its master budget for the coming year (2010). The budget will detail each quarter's activity and the activity for the year in total. The master budget will be based on the following information:

a. Fourth-quarter sales for 2009 are 55,000 units.

b. Unit sales by quarter (for 2010) are projected as follows:

First quarter .....65,000

Second quarter ...70,000

Third quarter ......75,000

Fourth quarter ....90,000

The selling price is $400 per unit. All sales are credit sales. Optima collects 85 percent of all sales within the quarter in which they are realized; the other 15 percent is collected in the following quarter. There are no bad debts.

c. There is no beginning inventory of finished goods. Optima is planning the following ending finished goods inventories for each quarter:

First quarter .....13,000 units

Second quarter ...15,000 units

Third quarter ...20,000 units

Fourth quarter ....10,000 units

d. Each mass-storage unit uses five hours of direct labor and three units of direct materials. Laborers are paid $10 per hour, and one unit of direct materials costs $80.

e. There are 65,700 units of direct materials in beginning inventory as of January 1, 2010. At the end of each quarter, Optima plans to have 30 percent of the direct materials needed for next quarter's unit sales. Optima will end the year with the same level of direct materials found in this year's beginning inventory.

f. Optima buys direct materials on account. Half of the purchases are paid for in the quarter of acquisition, and the remaining half are paid for in the following quarter. Wages and salaries are paid on the 15th and 30th of each month.

g. Fixed overhead totals $1 million each quarter. Of this total, $350,000 represents depreciation. All other fixed expenses are paid for in cash in the quarter incurred. The fixed overhead rate is computed by dividing the year's total fixed overhead by the year's expected actual units produced.

h. Variable overhead is budgeted at $6 per direct labor hour. All variable overhead expenses are paid for in the quarter incurred.

i. Fixed selling and administrative expenses total $250,000 per quarter, including $50,000 depreciation.

j. Variable selling and administrative expenses are budgeted at $10 per unit sold. All selling and administrative expenses are paid for in the quarter incurred.

k. The balance sheet as of December 31, 2009, is as follows:

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Top Academic Tutor
Top Quality Assignments
Chartered Accountant
Top Rated Expert
Exam Attempter
Financial Hub
Writer Writer Name Offer Chat
Top Academic Tutor

ONLINE

Top Academic Tutor

You can award me any time as I am ready to start your project curiously. Waiting for your positive response. Thank you!

$49 Chat With Writer
Top Quality Assignments

ONLINE

Top Quality Assignments

I will cover all the points which you have mentioned in your project details.

$96 Chat With Writer
Chartered Accountant

ONLINE

Chartered Accountant

I have read and understood all your initial requirements, and I am very professional in this task.

$93 Chat With Writer
Top Rated Expert

ONLINE

Top Rated Expert

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$105 Chat With Writer
Exam Attempter

ONLINE

Exam Attempter

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$42 Chat With Writer
Financial Hub

ONLINE

Financial Hub

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$34 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Microstructure of steel ppt - Slip and drive duct connection - Survey of accounting concepts fred jacobs - Sociological theory in the classical era 2nd edition pdf - Access to crown land - Associative learning vs classical conditioning - Greenhouse effect worksheet answers - Baker c 2006 foundations of bilingual education and bilingualism - Shell training and development - 735 Wk 12 DQ 2 - In self-directed learning, trainers do not control or disseminate instruction. - Minitab the desired vendor daemon is down - Variance Analysis - Writing binary formulas worksheet answers - 6 Page paper due within 12 hrs from now - Shiny decorative disc crossword clue - D4 acc - Metaphors in the second coming - Lord make me a rainbow - A verb that means to push food through the pharynx - Rneasy protect mini kit - This is a partial adjusted trial balance of barone company - Multi causal model of addiction - 11 was a racehorse 22 was 12 1111 race 22112 - Ba bi bu be bo - Ethical principles - 6 page summary paper (in your own words) on Chapters 1, 2, 3, 4 of textbook "Health Policymaking in the United States - One page excluding citations - FAMILY HEALTH ASSESSMENT PART 1 - Designing effective presentations part iii - How to calculate gpa flinders - What is centrelink working credit - St john the baptist margate - In the beatitudes the word blessed means - Policy/Regulation Fact Sheet - Importance of product and service design in operations management - 1009 vanessa dr arnaudville la 70512 - Cloud Drop Box - New heritage doll company simulation solution - Bsc final year project - Rocky river high school - Microarray Paper - Loving is easy chords - Mikrotik switch trunk port - Fast fluid power caldicot - Pol 201 week 1 discussion 1 - Intro to criminal justice 9th edition - Compare and contrast number the stars and miracle at midnight - Vending machine program in python - Sentinel city windshield survey paper - The body stephen king pdf download - 4.88 miles in km - Coworker taking credit for my work - Aligning compensation strategy with business strategy - Looks like sounds like feels like y chart - Greater good berkeley emotional intelligence quiz - Columbia 400 vs cirrus sr22 - P&g japan the sk ii globalization project pdf - Daughter of the lake documentary - Fe2o3 c balanced equation - Dank null docking station extract - Comprehension check chapters 1 3 the great gatsby - Bxt 59 battery equivalent - BuzzFeed Case Study Analysis & Application - COM510 Week 10 - Order 2467581: Special Education - Discussion Board ASAP - Janeway immunobiology 11th edition - Under pressure gareth locke book - Intel centrino advanced n 6250 - Http www mhhe com biosci genbio virtual_labs_2k8 index htm - Technology and social change - Prepare an income statement for delray mfg a manufacturer - St john the theologian orthodox - Please respond if you complete it with in 10-11 hours - List of uk qualified solicitors - The life and crimes of harry lavender quotes - 5 page accounting essay - ETHICAL DILEMMA PROJECT: TRAINING PRESENTATION AND PEER FEEDBACK - Lumo energy gas rates - Film assignment - Western infirmary glasgow dermatology - Deep structure vs surface structure - Rankin and regan 2004 - 1d beam element abaqus - Of Books and Movies that are of Mice and Men - Ohp 1 rep max calculator - Waren sports supply general journal 2017 - Western digital lifeguard hard drive diagnostic software - Ring out wild bells summary - Sharpening the team mind: communication and collective intelligence - Soontjen racing pigeons for sale - Latin america and the caribbean david clawson pdf - BUSINESS ADVENTURES WITHIN THE EURPEAN UNION - 12 point essay topics - Good examples of _____ decisions are strategic decisions - Fish cheeks by amy tan summary - Sale of common stock to investors account classification - How to create erd in visio 2016 - Case study for $8