Homework Answers
$807614 is correct answer
| Computation of Material Budget | |
| Budgeted Production | 30200 |
| Yards require per Unit | 7 |
| Total Need (30200X7) | 211400 |
| Add: Desired Ending Inventory | 5700 |
| Less; Beg Inventory | -4570 |
| Required Material Purchase | 212530 |
| Cost per Yard | $3.80 |
| Material Purchase Cost (21250X3.80) | $807,614.00 |
Add Answer to:
Magnolia, Inc., manufactures bedding sets. The budgeted production is for 30,200 comforters this year. Each comforter...
1. Magnolia, Inc. manufactures bedding sets. The budgeted production is for 16,100 comforters this year. Each...
1. Magnolia, Inc. manufactures bedding sets. The budgeted production is for 16,100 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 5,970 yards with the desired ending balance of 3,700 yards of material. If the material costs $5.80 per yard, determine the materials budget for the year. $ 2. Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 626,000 units, estimated beginning inventory is 106,000 units,...
Sleep Tight, Inc. manufactures bedding sets. The budgeted production is for 48,500 comforters this year. Each...
Sleep Tight, Inc. manufactures bedding sets. The budgeted production is for 48,500 comforters this year. Each comforter requires 1.5 hours to cut and sew the material. The cost of cutting and sewing labor is $21.70 per hour. Determine the direct labor budget for this year. $
ACC 102 Problem 3-25 points Bicycle Manufacturers, Inc. projected sales of 55,000 bicycles for 2008. The...
ACC 102 Problem 3-25 points Bicycle Manufacturers, Inc. projected sales of 55,000 bicycles for 2008. The estimated January 1, 200 inventory is 4,000 units, and the desired December 31, 2008, inventory is 6,000 units. What is the budgeted production (in units) for 2008? ACe 102 Pobdem 32s pones Ble Manufactes he eieted sales of 53,000 bicyctes for 200s The estimaed Jaary 1.2008 mventory is 4,000its and the sdesired December 31, 2008, inventory is 6.000 is What is the budgeted poduction...
Magnolia Candle Inc. budgeted production of 74,200 candles in 20Y4. Wax is required to produce a candle. Assume that eig...
Magnolia Candle Inc. budgeted production of 74,200 candles in
20Y4. Wax is required to produce a candle. Assume that eight ounces
(one-half of a pound) of wax is required for each candle. The
estimated January 1, 20Y4, wax inventory is 2,500 pounds. The
desired December 31, 20Y4, wax inventory is 2,100 pounds. Candle
wax costs $4.10 per pound.
Each candle requires molding. Assume that 12 minutes are
required to mold each candle. Molding labor costs $14.00 per
hour.
Prepare a...
Calculator Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in...
Calculator Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $36,000, $32,000 and $24,000 respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $42,000, $34,000 and $22,000 respectively. Direct material purchases were $555,000. Direct labor was $219,000 for the year. Factory overhead was $150,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc. Cost of Goods Sold Budget...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, pape inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 2016. Paper...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 2016. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 2016, paper inventory is 40,400 square yards. The desired December 31, 2016, paper inventory is 38,900 square yards. Paper costs $0.40 per square Yard Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
Instructions Cost of Goods Sold Budget Instructions Cost of Goods Sold Budget Magnolia Candle Inc. budgeted...
Instructions Cost of Goods Sold Budget Instructions Cost of Goods Sold Budget Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Wax is required to produce a candle. Assume eight ounces (one half of a pound) of wax is required for each candle. The estimated January 1, 2016, wax inventory is 2,500 pounds. The desired December 31, 2016, wax inventory is 2,100 pounds. Candle wax costs $4.10 per pound. Each candle requires molding. Assume that 12 minutes are required...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards. Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
Magnolia Candle Inc. budgeted production of 74,200 candles in 20Y4. Wax is required to produce a candle. Assume that eig...
Magnolia Candle Inc. budgeted production of 74,200 candles in 20Y4. Wax is required to produce a candle. Assume that eight ounces (one-half of a pound) of wax is required for each candle. The estimated January 1, 20Y4, wax inventory is 2,500 pounds. The desired December 31, 20Y4, wax inventory is 2,100 pounds. If candle wax costs $4.10 per pound, determine the direct materials purchases budget for 20Y4.
ACC 102 Problem 3-25 points Bicycle Manufacturers, Inc. projected sales of 55,000 bicycles for 2008. The estimated January 1, 200 inventory is 4,000 units, and the desired December 31, 2008, inventory is 6,000 units. What is the budgeted production (in units) for 2008? ACe 102 Pobdem 32s pones Ble Manufactes he eieted sales of 53,000 bicyctes for 200s The estimaed Jaary 1.2008 mventory is 4,000its and the sdesired December 31, 2008, inventory is 6.000 is What is the budgeted poduction...
Magnolia Candle Inc. budgeted production of 74,200 candles in
20Y4. Wax is required to produce a candle. Assume that eight ounces
(one-half of a pound) of wax is required for each candle. The
estimated January 1, 20Y4, wax inventory is 2,500 pounds. The
desired December 31, 20Y4, wax inventory is 2,100 pounds. Candle
wax costs $4.10 per pound.
Each candle requires molding. Assume that 12 minutes are
required to mold each candle. Molding labor costs $14.00 per
hour.
Prepare a...
Calculator Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $36,000, $32,000 and $24,000 respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $42,000, $34,000 and $22,000 respectively. Direct material purchases were $555,000. Direct labor was $219,000 for the year. Factory overhead was $150,000. Prepare a cost of goods sold budget for Sleep Tight, Inc. Sleep Tight, Inc. Cost of Goods Sold Budget...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, pape inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 2016. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 2016, paper inventory is 40,400 square yards. The desired December 31, 2016, paper inventory is 38,900 square yards. Paper costs $0.40 per square Yard Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
Instructions Cost of Goods Sold Budget Instructions Cost of Goods Sold Budget Magnolia Candle Inc. budgeted production of 74,200 candles in 2016. Wax is required to produce a candle. Assume eight ounces (one half of a pound) of wax is required for each candle. The estimated January 1, 2016, wax inventory is 2,500 pounds. The desired December 31, 2016, wax inventory is 2,100 pounds. Candle wax costs $4.10 per pound. Each candle requires molding. Assume that 12 minutes are required...
Cost of Goods Sold Budget Daybook Inc. budgeted production of 403,500 personal journals in 20Y6. Paper is required to produce a journal. Assume six square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards. Paper costs $0.40 per square yard. Each journal requires assembly. Assume that eight minutes are required to assemble each journal. Assembly labor costs $13.00 per...
Most questions answered within 3 hours.
-
Write a program to solve the Josephus problem, with the following
modification:
Sample Input:
./a.out n...
asked 9 minutes ago -
At the start of a CD it is spinning at a rate of 525 rpm
(revolutions...
asked 45 minutes ago -
4. Without doing any calculations, predict whether the observed
∆T would increase, decrease or remain the...
asked 2 hours ago -
Based on the range, which of the following sets of scores has
the greatest variability? 3,...
asked 3 hours ago -
Ripples in a pond travel at a velocity of 3 m/s with one peak
passing a...
asked 2 hours ago -
A man stands on the roof of a building of height 13.0 mm and
throws a...
asked 3 hours ago -
The extent to which assets are financed by borrowed funds and
other liabilities is indicated by:...
asked 4 hours ago -
Explain in detail
Germany is the fifth largest economy
explain what goods and services Germany specializes...
asked 4 hours ago -
The density of platinum is 21.45 g/mL. If a cube of platinum
with a mass of...
asked 4 hours ago -
Accounts Receivable
Sales
A/R Posting
Extended Sales Invoice
Packing Slip
Compare invoice to packing slip 2...
asked 4 hours ago -
Michaella, age 23, is a full-time law student and is claimed by
her parents as a...
asked 4 hours ago -
Why are polymers not typically casted into products?
asked 4 hours ago