Estimated sales of a product is 30000 units. Two kinds of raw materials X and Z...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Estimated sales of a product is 30000 units. Two kinds of raw materials X and Z are required for manufacturing the product. Each unit of the product requires 3 units of X and 3 units of Z. The estimated cost of the X and Z OMR 4 and OMR 5 respectively. The estimated opening balance in the beginning of the next year: finished goods: 4000 units; X: 6000 units; Z: 10000 units. The desirable closing balance at the end of the next year: finished product: 6000 units; X: 10000 units; Z: 12000 units. Which of the following shows the total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. X= 424000 and Z = 404000 b. P = 434000 and Q = 454000 c. X = 462000 and Z = 481000 d. X= 400000 and Z= 490000 Estimated sales of a product is 30000 units. Two kinds of raw materials X and Z are required for manufacturing the product. Each unit of the product requires 3 units of X and 3 units of Z. The estimated cost of the X and Z OMR 4 and OMR 5 respectively. The estimated opening balance in the beginning of the next year: finished goods: 4000 units; X: 6000 units; Z: 10000 units. The desirable closing balance at the end of the next year: finished product: 6000 units; X: 10000 units; Z: 12000 units. Which of the following shows the total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. X= 424000 and Z = 404000 b. P = 434000 and Q = 454000 c. X = 462000 and Z = 481000 d. X= 400000 and Z= 490000
Expert Answer:
Related Book For
Government and Not for Profit Accounting Concepts and Practices
ISBN: 978-1118155974
6th edition
Authors: Michael H. Granof, Saleha B. Khumawala
Posted Date:
Students also viewed these accounting questions
-
In August 2015, the last month of its scal year, Goldwaithe Township issued $88,000 worth of tickets for parking and trafc violations. Of these, the township collected $45,000. It expects to collect...
-
In August 2018, the last month of its fiscal year, Goldwaithe Township issued $88,000 worth of tickets for parking and traffic violations. Of these, the township collected $45,000. It expects to...
-
During February, the last month of the fiscal year, Be My Valentine Ltd. sells $20,000 of gift cards. From experience, management estimates that 8% of the gift cards sold will not be redeemed by...
-
Use the data from question 13 to produce a cumulative frequency graph and a cumulative relative frequency graph. Question 13 An advertising executive is interested in the age distribution of the...
-
In Problem 13.10 on page 532, you used box office gross to predict DVD revenue. The data are stored in Movie. Use the results of that problem. a. At the 0.05 level of significance, is there evidence...
-
Fill in the blanks to make the following statements correct. a. If the exchange rate is determined by the equality of supply and demand for foreign exchange and the central bank makes no...
-
Zappos.com is a popular website known mainly for its discounted shoe sales. In 2012, a hacker hacked into the Zappos website in an effort to obtain the personal account information of Zappos...
-
Beverly Crusher, a new staff accountant, is confused because of the complexities involving accounting standard-setting. Specifically, she is confused by the number of bodies issuing financial...
-
Given the following data segment: .DATA var1: .BYTE 1, 2, 'Z' stri: .ASCIIZ "My String " var2: .WORD Ox12345678 var3: HALF 1000 Given Varl is 0X10010000 State address of strl, var2 & var3 strl: var2:...
-
The following picture shows four routers, A,B,C,D. Packets travel from A and B to D. All routers including C operate in FIFO order. If two packets arrive at C at the same time, give priority to...
-
A company must establish business objectives. The company uses various business strategies, processes, and tools to achieve its goals. A key performance indicator (KPI) is a measure that aligns with...
-
On 7 September 2017, Leonard Ltd purchased a used machine for $48,000. The cost was debited to the Machinery account. Prior to use, additional cash expenditures were made for painting and repairing...
-
give three approaches to control the stepper motor showed in the picture and compute the step angle for every approach. (20 points) Rotor Stator B
-
What are the trade-offs involved in implementing different disk scheduling algorithms, such as FCFS, SSTF, SCAN, and C-SCAN, with regard to minimizing disk seek times and maximizing throughput?
-
In an official statement, audited financial statements are included, yes. A formal statement gives comprehensive details regarding the financial performance and status of a business. It is often...
-
How do you Think this 2 question please give me a more detail and show me clearly. College and Career Has the traditional college model become outdated in the age of the Internet? 2.Should you...
-
Examine the comparative trade-offs inherent in various sorting algorithms, namely quicksort, mergesort, and heapsort, with nuanced consideration towards factors encompassing time complexity,...
-
PC Contractors, Inc., was an excavating business in Kansas City, Missouri. Union Bank made loans to PC, subject to a perfected security interest in its equipment and other assets, including...
-
What follows are the statement of revenues, expenses, and changes in net position, and the statement of cashows for Tucson, Arizona's eet services internal service fund. 1. How do you account for the...
-
What are the key features of a performance audit report?
-
A city establishes an art museum. What options does it have in accounting for its collection of paintings?
-
The Lorenz curve for Bangladesh looks like this: How much income do individuals in the top income quintile in Bangladesh receive? Cumulative percentage of income 58.7% 37.4 21.3 8.9 20 40 60 80 100%...
-
What would the Lorenz curve for lawyers represent?
-
The accompanying table shows income distribution data for three countries: a. Using this information, draw a Lorenz curve for each country. b. Which country has the most equal distribution of income?...
Study smarter with the SolutionInn App