ZuoTi.Pro
Question

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 the following information from its sales budget: Expected sales: July August September $ 82,000 102,000

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

Homework Answers

Answer #1

1.

January
Budgeted production 30000
Raw material per unit (pound) 3
Total material required for Budgeted production 90000
Add: Ending inventory required (34000*3*35%) 35700
Less: Beginning inventory (31500)
Budgeted material needed in pounds in January 94,200

2.

September
Cash sales (112000*25%) $28,000
Add: Cash received from august sales (102000*75%) 76,500
Cash expected to be received from customers in September $104,500
0 0
Add a comment
Know the answer?
Add Answer to:
Alliance Company budgets production of 30,000 units in January and 34,000 units in the February. Each...
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

  • Alliance Company's budgets production of 21,000 units in January and 25,000 units in the February. Each...

    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's budgets production of 24,00o0 units in January and 28,000 units in the February. Each...

    Alliance Company's budgets production of 24,00o0 units in January and 28,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $2.50 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 38,400 pounds. What is the budgeted materials purchase in pounds for January? Select one: A. 57,600 pounds. B. 67,200 pounds C. 96,000 pounds. D. 140,800 pounds. E....

  • Alliance Company's budgets production of 28,000 units in January and 32,000 units in February. Each finished...

    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 26,000 units in January and 30,000 units in the February. Each...

    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...

    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?

  • connectmeducation.com/flow/connect m 0 Help Save & Ext Subm Alliance Company's budgets production of 29.000 units in...

    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...

  • 1- Webster Corporation's budgeted sales for February are $325,000. Webster pays sales representatives a commission of...

    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...

  • Zortek Corp. budgets production of 400 units in January and 200 units in February

    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.

  • The following are budgeted data: Sales in units Production in units January 15,600 18,60e February 21,200...

    The following are budgeted data: Sales in units Production in units January 15,600 18,60e February 21,200 19,600 March 18,600 17,500 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be: Multiple Choice 19.180 pounds 20.020 pounds CT 18,420 pounds 20.280 pounds

  • Zortek Corp. budgets production of 440 units in January and 290 units in February. Each finished...

    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...

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