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Boulware Company's budgeted production calls for 6,000 units in October and 9,000 units in November. Each...
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...
Zortek Corp. budgets production of 490 units in January and 260 units in February. Each finished...
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...
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 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....
Masterson Company's budgeted production calls for 71,000 liters in April and 67,000 liters in May of a key raw material...
Masterson Company's budgeted production calls for 71,000 liters in April and 67,000 liters in May of a key raw material that costs $1.85 per liter. Each month's ending raw materials inventory should equal 25% of the following month's budgeted materials. The April 1 inventory for this material is 17,750 liters. What is the budgeted materials need in liters for April?
Masterson Company's budgeted production calls for 58,000 liters in April and 54,000 liters in May of...
Masterson Company's budgeted production calls for 58,000
liters in
April and 54,000 liters in May of a key raw material that costs $1.65 per liter. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 17,400 liters. What is the budgeted materials need in liters for April? Multiple Choice 74,200 liters. 40,600 liters. 59,600 liters. 58,000 liters. 56,800 liters.
Masterson Company's budgeted production calls for 61,000 liters in April and 57,000 liters in May of...
Masterson Company's budgeted production calls for 61,000 liters in April and 57,000 liters in May of a key raw material that costs $1.80 per liter. Each month's ending raw materials inventory should equal 20% of the following month's budgeted materials. The April 1 inventory for this material is 12,200 liters. What is the budgeted materials need in liters for April? Multiple Choice 72,400 liters. 48,800 liters. 63,400 liters. 61,000 liters. 60,200 liters.
The Jung Corporation's production budget calls for the following number of units to be produced each...
The Jung Corporation's production budget calls for the following number of units to be produced each quarter for next year: Budgeted production Quarter 1 45,000 units Quarter 2 38,000 units Quarter 3 34,000 units Quarter 4 48,000 units Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 30% of that quarter's direct material requirements. Budgeted direct materials purchases for the third quarter would...
Paul Corp's budgeted production in units and budgeted raw material purchases over the next three months...
Paul Corp's budgeted production in units and budgeted raw material purchases over the next three months are given below: February Budgeted production (units) Budgeted raw material purchases (in lbs) January 50,000 106,000 March 80,000 188,000 132,000 Materials required to produce one unit of product: The % of materials prepared in the beginning inventory equals to Materials on Jan. 1 2 lbs 30% of that month's production needs 30,000 pounds Budgeted production for February should be: A. 54,000 units 60,000 units...
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...
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 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....
Masterson Company's budgeted production calls for 58,000
liters in
April and 54,000 liters in May of a key raw material that costs $1.65 per liter. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 17,400 liters. What is the budgeted materials need in liters for April? Multiple Choice 74,200 liters. 40,600 liters. 59,600 liters. 58,000 liters. 56,800 liters.
Paul Corp's budgeted production in units and budgeted raw material purchases over the next three months are given below: February Budgeted production (units) Budgeted raw material purchases (in lbs) January 50,000 106,000 March 80,000 188,000 132,000 Materials required to produce one unit of product: The % of materials prepared in the beginning inventory equals to Materials on Jan. 1 2 lbs 30% of that month's production needs 30,000 pounds Budgeted production for February should be: A. 54,000 units 60,000 units...
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