ZuoTi.Pro
Question

Towson Company manufactures book cases, and each requires 36 board feet of lumber. Towson expects that...

Towson Company manufactures book cases, and each requires 36 board feet of lumber. Towson expects that 1,700 and 1,850 book cases will be built in June and July, respectively. Towson keeps lumber on hand at 25% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company should buy in June. (Round & enter final answers to the nearest whole number.)

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1
Solution:
June July
required production in units of finished goods 1700 1850
x units of raw material needed per unit of finished goods 36 36
units of raw material needed to meet production 61200 66600
Add: Desired Ending Inventory(25% of next month production need) =66600*0.25 16650
Total Needs 77850
Less: Beginning Inventory=61200*0.25 15300
Required Inventory Purchase 62550
0 0
Add a comment
Know the answer?
Add Answer to:
Towson Company manufactures book cases, and each requires 36 board feet of lumber. Towson expects that...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Towson Company manufactures book cases, and each requires 36 board feet of lumber. Towson expects that...

    Towson Company manufactures book cases, and each requires 36 board feet of lumber. Towson expects that 1,800 and 1,850 book cases will be built in June and July, respectively. Towson keeps lumber on hand at 45% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company should buy in June. (Round & enter final answers to the nearest whole number.)

  • Towson Company manufactures book cases, and each requires 32 board feet of lumber. Towson expects that...

    Towson Company manufactures book cases, and each requires 32 board feet of lumber. Towson expects that 2,000 and 1,750 book cases will be built in June and July, respectively. Towson keeps lumber on hand at 40% of the next month's production needs. Use this information to determine number board feet of lumber that Towson Company should buy in June. (Round & enter final answers to the nearest whole number.)

  • Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and...

    Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: The Marketing Department has estimated sales as follows for the remainder of the year (in units): July 33,000 October 23,000 August 76,000 November 9,500 September45,000 December 10,000 The selling price of the beach umbrellas is $15 per unit. b. All sales are on account. Based on past experience, sales are collected in the...

  • Becker Bikes manufactures tricycles. The company expects to sell 350 units in May and 480 units...

    Becker Bikes manufactures tricycles. The company expects to sell 350 units in May and 480 units in June. Beginning and ending finished goods for May is expected to be 95 and 60 units, respectively. June’s ending finished goods is expected to be 70 units. Each unit requires 3 wheels at a cost of $5 per wheel. Becker requires 20 percent of next month’s material production needs on hand each month. July’s production units is expected to be 450 units. Compute...

  • Becker Bikes manufactures tricycles. The company expects to sell 520 units in May and 650 units in June. Beginning and e...

    Becker Bikes manufactures tricycles. The company expects to sell 520 units in May and 650 units in June. Beginning and ending finished goods for May is expected to be 180 and 145 units, respectively. June’s ending finished goods is expected to be 155 units. Each unit requires 3 wheels at a cost of $22 per wheel. Becker requires 20 percent of next month’s material production needs on hand each month. July’s production units is expected to be 620 units. Compute...

  • Becker Bikes manufactures tricycles. The company expects to sell 520 units in May and 650 units in June. Beginning and e...

    Becker Bikes manufactures tricycles. The company expects to sell 520 units in May and 650 units in June. Beginning and ending finished goods for May is expected to be 180 and 145 units, respectively. June’s ending finished goods is expected to be 155 units. Each unit requires 3 wheels at a cost of $22 per wheel. Becker requires 20 percent of next month’s material production needs on hand each month. July’s production units is expected to be 620 units. Compute...

  • Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and...

    Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): July 34,000 August 78,000 September 47,000 October 24,000 November 10,500 December 11,000 The selling price of the beach umbrellas is $11 per unit. b. All sales are on account. Based on past experience, sales are collected...

  • Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and...

    Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): July 34,000 August 78,000 September 47,000 October 24,000 November 10,500 December 11,000 The selling price of the beach umbrellas is $11 per unit. b. All sales are on account. Based on past experience, sales are collected...

  • Becker Bikes manufactures tricycles. The company expects to sell 510 units in May and 640 units in June. Beginning and e...

    Becker Bikes manufactures tricycles. The company expects to sell 510 units in May and 640 units in June. Beginning and ending finished goods for May is expected to be 175 and 140 units, respectively. June’s ending finished goods is expected to be 150 units. Each unit requires 3 wheels at a cost of $21 per wheel. Becker requires 20 percent of next month’s material production needs on hand each month. July’s production units is expected to be 610 units. Compute...

  • Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has asse...

    Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): July August September 40,500 91,000 60,000 October November December 30,500 17,000 17,500 The selling price of the beach umbrellas is $12 per unit. b. All sales are on account. Based on past experience, sales are collected...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT