Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. jj johnson has decided to supplement his income by

JJ Johnson has decided to supplement his income by selling beehives. He expects to sell...

70.2K

Verified Solution

Question

Accounting

JJ Johnson has decided to supplement his income by selling beehives. He expects to sell 25,000 hives in 2014. He ended 2013 with 2,500 completed hives in inventory and would like to complete operations in 2014 with at least 2,800 completed hives in inventory. There is no ending work in process inventory. One beehive holds about 250 bees. The bees are purchased for $4 per 1,000 bees. The hives sell for $15 each. What would be the yearly total on the direct materials purchases budget for bee purchases of Johnson? (Assume for this question that 40,000 beehives will be produces)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

During a facelift, the cosmetic surgeon accidentally severs the facial nerve on the right side of...

Medical Sciences
Q

distinguish between the somatic and autonomic nervous systems

Medical Sciences
Q

The city of Grafton's records reflected the following budget and actual data for the general fund...

Accounting
Q

Explain the difference between a bacteria cell and a virus.

Biology
Q

What is the difference of the lengths of Dand CE Use the value 3 14...

Geometry
Q

You want to buy a bouquet of yellow roses and baby's breath for $16. The...

Basic Math
Q

The graph of f is shown below Evaluate each integral by interpreting it in terms...

Calculus
Q

Flexible budget enables a manager to evaluate the actual performance in a proper way. Explain.

Accounting
Q

Martinez Company's ending inventory includes the following items. Compute the lower of cost or market...

Accounting
Q

Tools View You have just been hired as a new management trainee by Earrings Unlimited,...

Accounting
Q

Rhodes Corporation: Income Statements for Year Ending December 31 (Millions of dollars) 2018 2017 Sales...

Finance
Q

Task 1 The following is summary data in the ledger of XYZ Limited on November...

Accounting