Mien Co. is budgeting sales of 53,000 units of product Nous for October and 60,000 units...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Mien Co. is budgeting sales of 53,000 units of product Nous for October and 60,000 units of product Nous for November. The manufacturing of one unit of Nous requires 4 kilos of chemical Loire. During October, Mien plans to reduce the inventory of Loire by 50,000 kilos. For October, Mien has a beginning Finished Goods Inventory of 6,000 units of Nous and plans to hold 20% of next month's sales as a Finished Goods Inventory at the end of the respective month. There is no Nous work-in-process inventory. How many kilos of Loire is Mien budgeting to purchase in October? Mien Co. is budgeting sales of 53,000 units of product Nous for October and 60,000 units of product Nous for November. The manufacturing of one unit of Nous requires 4 kilos of chemical Loire. During October, Mien plans to reduce the inventory of Loire by 50,000 kilos. For October, Mien has a beginning Finished Goods Inventory of 6,000 units of Nous and plans to hold 20% of next month's sales as a Finished Goods Inventory at the end of the respective month. There is no Nous work-in-process inventory. How many kilos of Loire is Mien budgeting to purchase in October?
Expert Answer:
Answer rating: 100% (QA)
To calculate the kilos of Loire Mien is budgeting to purchase in October we need to consider the fol... View the full answer
Related Book For
Managerial Accounting
ISBN: 9780073526706
12th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
A manufacturing company has a beginning finished goods inventory of $16,300, raw material purchases of $19,700, cost of goods manufactured of $35,900, and an ending finished goods inventory of...
-
A manufacturing company has a beginning finished goods inventory of $14,900, raw material purchases of $18,300, cost of goods manufactured of $33,100, and an ending finished goods inventory of...
-
Assume there is no beginning work in process inventory and the ending work in process inventory is 80% complete with respect to materials costs. The number of equivalent units with respect to...
-
West State Furniture (WSF) manufactures desks and desk chairs using two departments within a single facility. The West Department produces the desks, and the State Department produces the chairs. WSF...
-
For an 18-8 Mo stainless steel (Figure 8.35), predict the time to rupture for a component that is subjected to a stress of 80 MPa (11,600 psi) at 700C (973 K).
-
This problem refers to P8-10. Assume that Rice and Associates purchased 80 percent of the 10,000 shares of outstanding stock of Rachel for $140,000 cash. REQUIRED: a. Prepare the journal entries...
-
Many emerging countries have political instability, what are the consequences of this? LO.1
-
The Sun Theater, owned by Ha Ji-Won, will begin operations in March. The Sun will be unique in that it will show only triple features of sequential theme movies. As of March 1, the ledger of Sun...
-
Nolan Company has two segments: Audio and Video. Sales for the Audio Segment were $500,000 and variable costs were 40% of sales. The Video Segment also had sales of $500,000 but variable costs were...
-
The Purchases Ledger Control Accounts of Pfozer, a private company, for the month of January 2018 was prepared as shown below: Cash paid to suppliers Discount received Balance c/f Purchases Ledger...
-
Identify a true statement about gender stereotyping in the workplace. Multiple choice question. It prevents employees from obtaining promotion based on seniority. It is largely related to an...
-
Write a program that solves either a) the Towers of Hanoi problem with up to 1000 disks, or, b) the Traveling Salesman problem with up to 10 cities. You may need to wait until you have read about...
-
Consider the E-R diagram in Figure 8-15b. a. What would be the identifier for the CERTIFICATE associative entity if Certificate Number were not included? b. Now assume that the same employee may take...
-
z = 1.1 for H a : < 149.6 Find the P-value that corresponds to the standard z-score, and determine whether the alternative hypothesis is supported at the 0.05 significance level.
-
An object is placed \(150 \mathrm{~mm}\) away from a converging thin lens that has a focal length of \(400 \mathrm{~mm}\). What are (a) the image distance and \((b)\) the magnification? (c) Draw a...
-
Let $M$ be the four-dimensional Minkowski space, with coordinates $x^{0}, x^{1}, x^{2}$, and $x^{3}$. Let us define a linear operator $*: \Omega^{r}(M) ightarrow$ $\Omega^{4-r}(M)$, such that...
-
The tax treatment of a purchase price allocation to a consulting agreement in an acquisition results in:\ Group of answer choices\ \ Amortization allowances for the buyer & ordinary income taxation...
-
TRUE-FALSE QUESTIONS 1. In terms of preliminary analytical procedures, assume that the company has introduced a new product with a low price point and significant customer demand. The auditor would...
-
Recent financial statements for Madison Company are given below: Account balances at the beginning of the companys fiscal year were: accounts receivable, $140,000; and inventory, $260,000. All sales...
-
What is the danger in allocating common fixed costs among product lines or other segments of an organization?
-
Luganos Pizza Parlor is considering the purchase of a large oven and related equipment for mixing and baking crazy bread. The oven and equipment would cost $120,000 delivered and installed. It would...
-
14. What does a comprehensive annual financial report (known as the CAFR) include?
-
9. The City of Salem is given a painting by Picasso to display in its city hall. Under what condition will the city not report this painting as a capital asset on its government-wide financial...
-
11. Under what condition is the modified approach applied?
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App