Homework Answers
| Material Need To Purchase | ||||||
| Annual Need | 1980000 | |||||
| (660000 Units * 3 Kilos Per Unit) | ||||||
| Less: | Opening Material | -2000 | ||||
| Add: Closing Material | 3000 | |||||
| Material Need To Be Purchased | 1981000 | |||||
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Multiple Choice Question 97 Crane Company budgets on an annual basis for its fiscal year. The...
Parker Company budgets on an annual basis for its fiscal year. The following beginning and ending...
Parker Company budgets on an annual basis for its fiscal year. The following beginning and ending levels (in units) are planned for the fiscal year January 2020 through December 2020: Raw Materials Work-in-Process Finished Goods January 2020 40,000 15,000 86,000 December 2020 51,000 15,000 59,000 Each unit of finished product requires two pounds of material. If Parker plans to manufacture 530,000 units of finished product during the year, the number of units of materials that need to be pure Multiple...
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending...
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory Ending Inventory Raw material* 54,000 64,000 Finished goods 94,000 64,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 550,000 units during next year, the number of units it would have to manufacture during the year would be:
Paradise Corporation budgets on an annual basis for its fiscal year. The following bfinning and ending...
Paradise Corporation budgets on an annual basis for its fiscal year. The following bfinning and ending inventory levels in units are planned for next year Beginning Inventory 4 6000 6.000 Ending Inventory 56.000 56,000 Raw materia Finished goods Three pounds of raw material are needed to produce each unit of t he product I Paradise Corporation plans to sell 510.000 units during rent year, the number of unit it would have to manufacture dunng the year would be O 464.000...
Tsao Company budgets on an annual basis. The following beginning and ending inventory levels (in units)...
Tsao Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Three units of raw material are required to produce each unit of finished product. Required: If Tsao Company plans to sell 450,000 units during the year, compute the number of units the firm would have to manufacture during the year. If 540,000 finished units were to be manufactured by Tsao Company during the year, determine the amount of...
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units)...
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Two units of raw material are required to produce each unit of finished product. January 1 December 31 Raw material 44,000 46,000 Work in process 17,000 17,000 Finished goods 96,000 78,000 Required: 1. If Bodin Company plans to sell 456,000 units during the year, compute the number of units the firm would have to manufacture during the year....
The following data were taken from the records of Crane Company for the fiscal year ended...
The following data were taken from the records of Crane Company
for the fiscal year ended June 30, 2020.
Prepare a cost of goods manufactured schedule. (Assume all raw
materials used were direct materials.)
Problem 14-04A a-c (Video) (Part Level Submission) The following data were taken from the records of Crane Company for the fiscal year ended June 30, 2020 Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory...
Can you show me how you get each answer and where the numbers come from? The...
Can you show me how you get each answer and where the numbers
come from?
The following data apply to questions 3 and 4. Hester Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1, 2004 through June 30, 2005. Raw material Work in process Finished goods July 1, 2004 40,000 8,000 30,000 June 30, 2005 10,000 8,000 5,000 Three (3) units...
The following data were taken from the records of Clarkson Company for the fiscal year ended...
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017 Raw Materials Inventory 7/1/16 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $51,500 47,900 98,100 27,700 25,200 21,000 145,850 25,260 35,200 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in units) 78,000 ? 80,000 Budgeted raw materials purchases (in pounds) 174,600 200,600 256,600 Two pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 28,000...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending...
Sarafiny Corporation is in the
process of preparing its annual budget. The following beginning and
ending inventory levels are planned for the year. Beginning
Inventory Ending Inventory Finished goods (units) 27,000 37,000 Raw
material (grams) 57,000 47,000 Each unit of finished goods requires
3 grams of raw material. The company plans to sell 340,000 units
during the year. How much of the raw material should the company
purchase during the year?
Sarafiny Corporation is in the process of preparing its...
Parker Company budgets on an annual basis for its fiscal year. The following beginning and ending levels (in units) are planned for the fiscal year January 2020 through December 2020: Raw Materials Work-in-Process Finished Goods January 2020 40,000 15,000 86,000 December 2020 51,000 15,000 59,000 Each unit of finished product requires two pounds of material. If Parker plans to manufacture 530,000 units of finished product during the year, the number of units of materials that need to be pure Multiple...
Paradise Corporation budgets on an annual basis for its fiscal year. The following bfinning and ending inventory levels in units are planned for next year Beginning Inventory 4 6000 6.000 Ending Inventory 56.000 56,000 Raw materia Finished goods Three pounds of raw material are needed to produce each unit of t he product I Paradise Corporation plans to sell 510.000 units during rent year, the number of unit it would have to manufacture dunng the year would be O 464.000...
The following data were taken from the records of Crane Company
for the fiscal year ended June 30, 2020.
Prepare a cost of goods manufactured schedule. (Assume all raw
materials used were direct materials.)
Problem 14-04A a-c (Video) (Part Level Submission) The following data were taken from the records of Crane Company for the fiscal year ended June 30, 2020 Raw Materials Inventory 7/1/19 Raw Materials Inventory 6/30/20 Finished Goods Inventory 7/1/19 Finished Goods Inventory 6/30/20 Work in Process Inventory...
Can you show me how you get each answer and where the numbers
come from?
The following data apply to questions 3 and 4. Hester Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1, 2004 through June 30, 2005. Raw material Work in process Finished goods July 1, 2004 40,000 8,000 30,000 June 30, 2005 10,000 8,000 5,000 Three (3) units...
The following data were taken from the records of Clarkson Company for the fiscal year ended June 30, 2017 Raw Materials Inventory 7/1/16 Raw Materials Inventory 6/30/17 Finished Goods Inventory 7/1/16 Finished Goods Inventory 6/30/17 Work in Process Inventory 7/1/16 Work in Process Inventory 6/30/17 Direct Labor Indirect Labor Accounts Receivable $51,500 47,900 98,100 27,700 25,200 21,000 145,850 25,260 35,200 Factory Insurance Factory Machinery Depreciation Factory Utilities Office Utilities Expense Sales Revenue Sales Discounts Plant Manager's Salary Factory Property Taxes...
Sarafiny Corporation is in the
process of preparing its annual budget. The following beginning and
ending inventory levels are planned for the year. Beginning
Inventory Ending Inventory Finished goods (units) 27,000 37,000 Raw
material (grams) 57,000 47,000 Each unit of finished goods requires
3 grams of raw material. The company plans to sell 340,000 units
during the year. How much of the raw material should the company
purchase during the year?
Sarafiny Corporation is in the process of preparing its...
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