ZuoTi.Pro
Question

Use the information below for Mandy Corporation to answer the question that follow. Mandy Corporation sells...

Use the information below for Mandy Corporation to answer the question that follow.

Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 635,000 units, estimated beginning inventory is 107,000 units, and desired ending inventory is 81,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below.

Material A: 0.50 lb. per unit @ $0.54 per pound
Material B: 1.00 lb. per unit @ $2.16 per pound
Material C: 1.20 lb. per unit @ $0.87 per pound

The dollar amount of Material B used in production during the year is

a.$1,578,528

b.$1,052,352

c.$1,315,440

d.$1,973,160

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

Homework Answers

Answer #1

Budgeted production = Budgeted sales + Desired ending inventory - Beginning inventory

= 635,000 + 81,000 - 107,000

= 609,000 units

Materials to be used = 609,000 * 1 * 2.16

= 1,315,440

Option C

0 0
Add a comment
Know the answer?
Add Answer to:
Use the information below for Mandy Corporation to answer the question that follow. Mandy Corporation sells...
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

  • Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 689,000...

    Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 689,000 units, estimated beginning inventory is 100,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.56 per pound Material B 1.00 lb. per unit @ $2.08 per pound Material C 1.20 lb. per unit @ $0.89 per pound The dollar...

  • Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 696,000 units, estimate...

    Mandy Corporation sells a single product. Budgeted sales for the year are anticipated to be 696,000 units, estimated beginning inventory is 105,000 units, and desired ending inventory is 90,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.64 per pound Material B 1.00 lb. per unit $1.69 per pound Material C 1.20 Ib, per unit $1.23 per pound The dollar amount of...

  • Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 671,000...

    Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 671,000 units, estimated beginning inventory is 107,000 units, and desired ending inventory is 80,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A: 0.50 lb. per unit @ $0.67 per pound Material B: 1.00 lb. per unit @ $1.82 per pound Material C: 1.20 lb. per unit @ $1.26 per pound The dollar...

  • Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 616,000...

    Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 616,000 units, estimated beginning inventory is 100,000 units, and desired ending inventory is 85,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.50 per pound Material B 1.00 lb. per unit @ $1.53 per pound Material C 1.20 lb. per unit @ $0.98 per pound The dollar...

  • Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 662,000...

    Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 662,000 units, estimated beginning inventory is 103,000 units, and desired ending inventory is 88,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.53 per pound Material B 1.00 lb. per unit @ $2.31 per pound Material C 1.20 lb. per unit @ $0.79 per pound The dollar...

  • Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 669,000...

    Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 669,000 units, estimated beginning inventory is 104,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A: 0.50 lb. per unit @ $0.72 per pound Material B: 1.00 lb. per unit @ $1.61 per pound Material C: 1.20 lb. per unit @ $1.08 per pound The dollar...

  • Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 688,000...

    Stephanie Corporation sells a single product. Budgeted sales for the year are anticipated to be 688,000 units, estimated beginning inventory is 110,000 units, and desired ending inventory is 87,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A 0.50 lb. per unit @ $0.74 per pound Material B 1.00 lb. per unit @ $1.91 per pound Material C 1.20 lb. per unit @ $0.88 per pound The dollar...

  • Cape Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000...

    Cape Corporation sells a single product. Budgeted sales for the year are anticipated to be 640,000 units, estimated beginning inventory is 98,000 units, and desired ending inventory is 80,000 units. The quantities of direct materials expected to be used for each unit of finished product are given below. Material A .50 lb. per unit @ $0.60 per pound Material B 1.00 lb. per unit @ $1.70 per pound Material C 1.20 lb. per unit @ $1.00 per pound The amount...

  • 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,...

  • Purple Co.'s production budget for Product X for the year ended December 31 is as follows: Product X Sales (in units) 6...

    Purple Co.'s production budget for Product X for the year ended December 31 is as follows: Product X Sales (in units) 640,000 Plus desired ending inventory 85,000 Total 725,000 Less estimated beginning inventory, January 1 90,000 Total production 635,000 In Purple's production operations, Materials A, B, and C are required to make Product X. The quantities of direct materials expected to be used for each unit of product are as follows: Material A Material B Material C 0.50 lb. per...

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