Pitt Corp. makes and sells a single product, widgets. Two pounds of sand are needed to make
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Pitt Corp. makes and sells a single product, widgets. Two pounds of sand are needed to make one widget. Budgeted production of widgets for the next few months followS: September October 25,000 units 31,000 units The company wants to maintain monthly ending inventories of sand equal to 20% of the following month's production needs. On August 31, 10,000 pounds of sand were on hand. Instructions How much sand should be purchased in September? Expected sales in units during September Pounds of sand needed per widget Pounds of sand needed for September sales units Add: ending inventory desired Less: beginning inventory on hand Pounds of sand needed to be purchased Pitt Corp. makes and sells a single product, widgets. Two pounds of sand are needed to make one widget. Budgeted production of widgets for the next few months followS: September October 25,000 units 31,000 units The company wants to maintain monthly ending inventories of sand equal to 20% of the following month's production needs. On August 31, 10,000 pounds of sand were on hand. Instructions How much sand should be purchased in September? Expected sales in units during September Pounds of sand needed per widget Pounds of sand needed for September sales units Add: ending inventory desired Less: beginning inventory on hand Pounds of sand needed to be purchased
Expert Answer:
Answer rating: 100% (QA)
Answer i PURCHASE budget is prepared after production budget ii Th... 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
-
Polik Company makes and sells a single product called Ret. Operating at full capacity will give 30000 units per year. Costs associated at this 30000 level of production are as follows: Direct...
-
Polik company makes and sells a single product called Ret. Operating at full capacity will give 30000 units per year. Costs associated at this 30000 level of production are as follows: Direct...
-
Polik company makes and sells a single product called Ret. Operating at full capacity will give 30000 units per year. Costs associated at this 30000 level of production are as follows: Direct...
-
A fast-food chain randomly attaches coupons for prizes to the packages used to serve french fries. Most of the coupons say Play again, but a few are winners. Seventy-five percent of the coupons pay...
-
What is the first step in any statistical analysis?
-
A sample is a mixture of AgNO 3 , CuCl 2 , and FeCl 3 . When a 1.0000- g sample of the mixture is dissolved in water and reacted with excess silver nitrate, 1.7809 g of precipitate forms. When a...
-
What is object-oriented modeling? How does it differ from Unified Modeling Language (UML)?
-
Consider the following transactions that occurred in February 2012 for Gems, Inc. Feb 3 Purchased inventory on terms 1/5, n/eom, $2,000. 4 Purchased inventory for cash of $1,600. 6 Returned $600 of...
-
Total cost Total activity Serving a Party $ 43,200 Serving a Diner $ 148,000 8,000 parties 20,000 diners Serving Drinks $ 72,000 48,000 drinks Total $ 263,200 Prior to the activity-based costing...
-
Whitestone Company produces two subassemblies, JR-14 and RM-13, used in manufacturing trucks. The company is currently using an absorption costing system that applies overhead based on direct-labor...
-
Water moves with speed 6 m/s in a horizontal pipe with a diameter of 4 cm. The pipe then narrows to a diameter of 1cm. What is the rate of mass of flow through the narrower section of the pipe in...
-
Bryant Oil Company produced a total of 1,000 barrels of oil in June 2022. The expected selling price was $120/bbl. The purchaser pays the severance taxes and the royalty interest owner and remits the...
-
A lease operated by Rocky Oil Company produces a total of 3,000 barrels of oil in June. The oil is sold in October. The posted field price and the actual selling price is $100/bbl. The severance tax...
-
Sam Field, located in northern Alaska, is jointly owned by Smith Company (60% WI) and Joyner Company (40% WI). Smith, which is the operator, estimates that gross gas production during July will be...
-
Michael Oil Company operates Leases X and Y. Michael Oil transfers 60 barrels of oil from Lease X to Lease Y to be used as fuel on Lease Y. The current spot oil price is $110/bbl, and the severance...
-
Referring to the information provided in problem 2, evaluate the following: a. How would a 30 percent ad valorem tariff on power train and chassis imposed by the Vietnam government impact Kubotas...
-
The stress-strain diagram for a ductile material is determined by a tensile test and shown in the figure below. The original diameter of the specimen is measured to be 0.25 in and the original...
-
If the cylinder described in Problem 21.3 were initially heated to 500F, how long would it take for the center of the cylinder to cool to 240F if it were constructed of a. Copper? b. Brass? c. Nickel?
-
Describe new ways for how your college or university can apply the sustainability practices in Exhibit 1.6. Summarize your results in a short paper. Exhibit 1.6 U.S. Employment by Major Industry...
-
Describe the ergonomic features in the automobile that you drive most often. If it is an older model, visit a new-car showroom and contrast those features with those found in some newer models.
-
Rozales Manufacturing Co. is planning to install a new flexible manufacturing system. The activities that must be performed, their immediate predecessors, and estimated activity times are shown...
-
Explain what it means to disestablish paternity. Identify some of the common arguments in favor of and against disestablishment.
-
Identify the three parties with the strongest interests in parentage determinations and describe the nature of those interests.
-
Describe the equitable parent doctrine and explain how it was applied by the Wisconsin Supreme Court in Ay val.
Study smarter with the SolutionInn App