Jason sales budget shows monthly sales for the next four months as follows: Month Sales units...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Jason sales budget shows monthly sales for the next four months as follows: Month Sales units March 10,000 April 14,000 May 12,000 June 16,000 Each unit requires 4 kg of material costing £6 per kg. Company policy is to have a finished goods inventory at the end of each month equal to 25% of the next month's sales and closing inventory of materials to be equal to 40% of next month's production requirements. Closing inventories of finished goods and materials at the end of February were 2,000 units and 20,000 kg respectively. What would the budgeted material purchases in April be in kg? 54,800 kg O 44,400 kg 47,600 kg 53,200 kg Jason sales budget shows monthly sales for the next four months as follows: Month Sales units March 10,000 April 14,000 May 12,000 June 16,000 Each unit requires 4 kg of material costing £6 per kg. Company policy is to have a finished goods inventory at the end of each month equal to 25% of the next month's sales and closing inventory of materials to be equal to 40% of next month's production requirements. Closing inventories of finished goods and materials at the end of February were 2,000 units and 20,000 kg respectively. What would the budgeted material purchases in April be in kg? 54,800 kg O 44,400 kg 47,600 kg 53,200 kg
Expert Answer:
Answer rating: 100% (QA)
47 600 kg EX PL AN ATION The budget ed material purchases for April would be 47 600 kg This is ... View the full answer
Related Book For
OM operations management
ISBN: 978-1285451374
5th edition
Authors: David Alan Collier, James R. Evans
Posted Date:
Students also viewed these accounting questions
-
The forecasted demand for fudge for the next four months is 140, 160, 90, and 70 pounds. a. What is the recommended production rate if a level strategy is adopted with no back orders or stock-outs?...
-
The forecasted demand for fudge for the next four months is 120, 150, 100, and 70 pounds. a. What is the recommended production rate if a level strategy is adopted with no back orders or stockouts?...
-
The forecasted demand for fudge for the next four months is 220, 150, 100, and 70 pounds. a. What is the recommended production rate if a level strategy is adopted with no back orders or stock outs?...
-
Use the following information taken from the multi-step income statement of On That Note Music Shop to answer the questions below Account Name or Subtotal Cost of Good Sold General and...
-
Mila Keyes is the sole stockholder and operator of Tune-In, Tune-On, a motivational consulting business. At the end of its accounting period, December 31, 20Y7, Tune-In, Tune-On has assets of...
-
From the following trial balance of Halls Cleaners, prepare the following: Income statement Statement of owners equity Balance sheet HALLS CLEANERS TRIAL BALANCE JULY 31, 2013 Dr. Cr. Cash Equipment...
-
The following data are taken from Stockton Wholesale Company's May payroll: Assume that the company is subject to a two percent state unemployment tax (due to a favorable experience rating) and a 0.6...
-
An audit client is being sued for $500,000 for discriminatory hiring practices. Required Indicate the appropriate action the auditor should take for each of the following independent responses to the...
-
need help pls explain here u go sorry about that its there Prepare a retained earnings statement for November. TEAL MOUNTAIN Retained Earnings Statement $ SA
-
P Co acquired interests in Silver Co. The current financial statements are shown below. All figures are in dollars, unless as otherwise indicated. Additional information 1. The under-valued inventory...
-
Use the method of undetermined coefficients to solve the following differential equation: y" + 4y = 4x Answer: y(r) = +C, +C2 NOTE: The order of your answers is important in this problem. For...
-
Activity-Based Supplier Costing Noguchi Company manufactures cooling systems. Noguchi produces all the parts necessary for its product except for one electronic component, which is purchased from two...
-
You have a stacks. s.push(5); s.push(20); s.push(9); s.pop(); s.push(8); System.out.println(s.pop()+"-"+s.pop() what will be printed?
-
A company began January with 8,000 units of its principal product. The cost of each unit is $7. Inventory transactions for the month of January are as follows: Date of Purchase Units January 10 6,000...
-
We have a paged virtual address system with the maximum size of virtual address space of 16 MB. The page size is 1024 bytes and the maximum physical memory size of the machine is 4 MB. Part of the...
-
In the figure, the particles have charges q1 = -92 = 200 nC and 93-94 = 95 nC, and distance a = 4.6 cm. What are the (a) x and (b) y components of the net electrostatic force on particle 3? a x
-
In Pseudocode and Java please! Declare and initialize a 1D array of 2300 Booleans to store whether or not a group of 100 people have seen each movie in the Marvel Cinematic Universe in a movie...
-
The following cost information was provided to you for analysis: September 12,000 Units Produced Costs: TIC TAC TOE TING August 10,000 P80,000 70.000 60.000 50,000 How much is the fixed cost per...
-
The table below shows estimates of the optimistic, most probable, and pessimistic times for the situation described in Problem 10. What is the probability the project will be completed in time for...
-
A team at a hospital studied the process of performing a diagnostic CT scan. The current process can be described as follows. The CT tech enters a send for patient request into a computer when the CT...
-
Scheduling and sequencing are typically viewed from a technical perspective; that is, they are focused on minimizing quantitative measures such as lateness or cost. However, schedules also have...
-
Draw a project balance chart for Problem 18. Data From Problem 18: 18. Your company is looking at purchasing a loader at a cost of $125,000. The loader would have a useful life of
-
Monroe Company processes a food seasoning powder through its Compounding and Packaging departments. In the Compounding Department, direct materials are added at the beginning of the process, and...
-
Riley Manufacturing Corporation produces a cosmetic product in three consecutive processes. The costs of Department 1 for May 2019 were as follows: Department 1 handled the following units during...
Study smarter with the SolutionInn App