Answer
--Correct Answer= Option 'B' 67,200 pounds
A = 24000 units x 3 pounds | Budgeted requirement for January production | 72000 |
B = 28000 units x 3 pounds x 40% | Desired ending inventory | 33600 |
C = A+B | 105600 | |
D | Beginning Inventory | 38400 |
E = C-D | Pounds to be purchased | 67200 |
Alliance Company's budgets production of 24,00o0 units in January and 28,000 units in the February. Each...
Alliance Company's budgets production of 28,000 units in January and 32,000 units in February. Each finished unit requires 3 pounds of raw material K that costs $2.00 per pound. Each month's ending raw materials inventory should equal 40% of the following month's budgeted materials. The January 1 inventory for this material is 33,600 pounds. What are the budgeted materials need in pounds for January?
Alliance Company's budgets production of 21,000 units in January and 25,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 29,400 pounds. What is the budgeted materials need in pounds for January? Multiple Choice 89,600 pounds. 84,000 pounds. 54,600 pounds. 119,000 pounds. 64,400 pounds.
Alliance Company budgets production of 30,000 units in January
and 34,000 units in the February. Each finished unit requires 3
pounds of raw material K that costs $3.50 per pound. Each month's
ending raw materials inventory should equal 35% of the following
month's budgeted materials. The January 1 inventory for this
material is 31,500 pounds. What is the budgeted materials needed in
pounds for January?
Multiple Choice
94,200 pounds.
90,000 pounds.
58,500 pounds.
125,700 pounds.
67,200 pounds.
Chocolate Co. reports...
Alliance Company’s budgets production of 26,000 units in January and 30,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $2.00 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 23,400 pounds. What is the budgeted materials cost for January?
Alliance Company’s budgets production of 25,000 units in January and 29,000 units in the 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 40% of the following month’s budgeted materials. The January 1 inventory for this material is 40,000 pounds. What is the budgeted materials cost for January?
1- Webster Corporation's budgeted sales for February are $325,000. Webster pays sales representatives a commission of 6% of sales dollars. The company pays a sales manager a monthly salary of $4,400 and expects advertising expense of $2,000 per month. Compute the total budgeted selling expenses for February. Multiple Choice $19,500. $6,400. $23,900. $25,900. $21,500. 2- Grason Corporation is preparing a budgeted balance sheet for 2018. The retained earnings balance at December 31, 2017 was $533,500. The 2018 budgeted income statement...
QS 22-7 Manufacturing: Direct materials budget P1 Zortek Corp. budgets production of 400 units in January and 200 units in February. Each finished unit requires five pounds of raw material Z, which costs $2 per pound. Each month's ending inventory of raw materials should be 40% of the following month's budgeted production. The January 1 raw materials inventory has 130 pounds of Z. Prepare a direct materials budget for January.
connectmeducation.com/flow/connect m 0 Help Save & Ext Subm Alliance Company's budgets production of 29.000 units in January and 33.000 units in the February. Each finished unit requires 4 pounds of raw material that costs $3.00 per pound. Each month's ending raw materials inventory should equal 30% of the following months budgeted materials. The January 1 inventory for this materiais 34 800 pounds. What is the budgeted material need in pounds for January Multiple Choice o C ) 00.300 pounds o...
Zortek Corp. budgets production of 440 units in January and 290 units in February. Each finished unit requires six pounds of raw material Z. which costs $3 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The January 1 raw materials inventory has 150 pounds of Z. Prepare a direct materials budget for January. ZORTEK CORP. Direct Materials Budget For Month Ended January 31 Budget production (units) units Materials needed for...
Zortek Corp. budgets production of 490 units in January and 260 units in February. Each finished unit requires two pounds of raw material Z. which costs $3 per pound. Each month's ending inventory of raw materials should be 40% of the following month's budgeted production. The January 1 raw materials inventory has 200 pounds of Z. Prepare a direct materials budget for January ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (units) units Materials needed for...