Alliance Company budgets production of 39,000 units in January and 43,000 units in February. Each finished...
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Alliance Company budgets production of 39,000 units in January and 43,000 units in February. Each finished unit requires 4 pounds of raw material K that costs $3.50 per pound. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The January 1 inventory for this material is 46,800 pounds. What is the budgeted materials cost for January? $726,600. $344,400. $562,800. $546,000. $382,200. Alliance Company budgets production of 39,000 units in January and 43,000 units in February. Each finished unit requires 4 pounds of raw material K that costs $3.50 per pound. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The January 1 inventory for this material is 46,800 pounds. What is the budgeted materials cost for January? $726,600. $344,400. $562,800. $546,000. $382,200.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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