The following are budgeted data:
January | February | March | |||||||
Sales in units | 16,800 | 23,600 | 19,800 | ||||||
Production in units | 19,800 | 20,800 | 19,700 | ||||||
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:
Garrison 16e Rechecks 2017-10-03
Multiple Choice
20,680 pounds
21,020 pounds
18,220 pounds
20,580 pounds
February | ||
Production in units | 20800 | |
Materials per unit | 1 | |
Total materials for production | 20800 | |
Add: Desired ending inventory for materials | 3940 | =19700*1*20% |
Total materials required | 24740 | |
Less: Beginning inventory for materials | 4160 | =20800*20% |
Purchases of raw materials for February | 20580 | |
Option 4 20,580 pounds is correct | ||
The following are budgeted data: January February March Sales in units 16,800 23,600 19,800 Production in...
The following are budgeted data: January February March Sales in units 15,600 21,200 18,600 Production in units 18,600 19,600 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: 18,420 pounds 20,020 pounds 19,180 pounds
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
The following are budgeted data January February March 15,300 20,600 18,300 18,300 19,300 17,200 Sales in units Production in units 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 producttion needs Purchases of raw materials for February would be budgeted to be Multiple Choice 1880 pounds 720 pounds 420 pounds 0 nd
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