Question: 2)ABC Corp has following data for preparing the materials purchase budget Q1Required Productionin units 6,864.00 Q2Required Productionin units 5,984.00 Q3Required Productionin units 5,456.00 Q4Required Productionin

2)ABC Corp has following data for preparing the materials purchase budget

Q1Required Productionin units 6,864.00

Q2Required Productionin units 5,984.00

Q3Required Productionin units 5,456.00

Q4Required Productionin units 6,424.00

1stQuarter Beg raw materials inventory 2745.60 kg

1stQuarter Beg Accounts Payable $13,041.600

Each unit materials weight in kg 1.76

Each kg costs $3.52

Desired Inventory is % of next quarter purchase 17.60%

Desired ending inventory for 4th quarter in kg 2763.20

80% of Current quarter purchase paid in current quarter

20% of Current quarter purchase paid in next quarter

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

ABC Corp has following data for preparing the materials purchase budget Q1Required Productionin units 2,886.00 Q2Required Productionin units 2,516.00 Q3Required Productionin units 2,294.00 Q4Required...

Q:

2)ABC Corp has following data for preparing the materials purchase budget Q1Required Productionin units 6,864.00 Q2Required Productionin units 5,984.00 Q3Required Productionin units 5,456.00...

Q:

1) Maple Ridge Corp has the following sales data forecast for the coming year Q1 Budgeted sales in units 3,760.00 Q2 Budgeted sales in units 4,700.00 Q3 Budgeted sales in units 5,640.00 Q4 Budgeted...

Q:

1) Maple Ridge Corp has the following sales data forecast for the coming year Q1 Budgeted sales in units 3,760.00 Q2 Budgeted sales in units 4,700.00 Q3 Budgeted sales in units 5,640.00 Q4 Budgeted...

Q:

1) Maple Ridge Corp has the following sales data forecast for the coming year Q1 Budgeted sales in units 3,760.00 Q2 Budgeted sales in units 4,700.00 Q3 Budgeted sales in units 5,640.00 Q4 Budgeted...

Q:

1) Jordan Corp has the following sales data forecast for the next year Q1 Budgeted sales in units 4,240.00 Q2 Budgeted sales in units 5,300.00 Q3 Budgeted sales in units 6,360.00 Q4 Budgeted sales in...

Q:

)Fastlane Corp has the following sales data forecast for the next year Q1 Budgeted sales in units 4,480.00 Q2 Budgeted sales in units 5,600.00 Q3 Budgeted sales in units 6,720.00 Q4 Budgeted sales in...

Q:

1) Jordan Corp has the following sales data forecast for the next year Q1 Budgeted sales in units 4,240.00 Q2 Budgeted sales in units 5,300.00 Q3 Budgeted sales in units 6,360.00 Q4 Budgeted sales in...

Q:

1) Jordan Corp has the following sales data forecast for the next year Q1 Budgeted sales in units 4,240.00 Q2 Budgeted sales in units 5,300.00 Q3 Budgeted sales in units 6,360.00 Q4 Budgeted sales in...

Q:

1)Fastlane Corp has the following sales data forecast for the next year Q1 Budgeted sales in units 4,480.00 Q2 Budgeted sales in units 5,600.00 Q3 Budgeted sales in units 6,720.00 Q4 Budgeted sales...

Q:

Clarissa McWhirter, vice-president of Cyprus Company, was pleased to see a small variance on the income statement after the trouble the company had been having in controlling manufacturing costs. She...

Q:

Let B le a skew symmetric mastrix with real entries. 1. Prove that/-B is non singular 2. If A = (I+ B)(I B)-, then prove that A-= A"

Q:

Cullumber Ltd . Trial Balance December 3 1 , 2 0 2 5 Debit Credit Cash 1 7 , 9 5 0 Prepale Insurance 3 , 3 5 0 Accounts Payable 4 , 0 0 0 Unearned Service Revenue 5 , 2 0 0 Share Capital - Ordinary 1...

Q:

James Gaston argues that NPM reforms focus on greater efficiency leads to less democracy in government. Discuss/explain the argument(s) that underlie this view and support your answer with example(s)...

Q:

Be relaxed at the hips

Q:

Do not take criticism personally, even if it is meant to be personal.

Q:

2. To understand that as a general rule it takes about 3 minutes before the other part(s) have made up a 90% impression of you.