Multiple Choice Question 101 Oriole Company determines that 57000 pounds of direct materials are needed for...
Multiple Choice Question 101 Oriole Company determines that 57000 pounds of direct materials are needed for production in July. There are 4000 pounds of direct materials on hand at July 1 and the desired ending inventory is 3400 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases? 169200. 172800. 176400. 165600.
Homework Answers
Direct material needed=Beginning inventory+purchases-Ending inventory
57000=4000+purchases-3400
Hence purchases=(57000+3400-4000)=56400 pounds
Hence budgeted total cost of direct materials purchases=(56400*$3)
which is equal to
=$169200.
Add Answer to:
Multiple Choice Question 101 Oriole Company determines that
57000 pounds of direct materials are needed for...
15. Haft Construction Company determines that 54,000 pounds of direct materials are needed for production in...
15. Haft Construction Company determines that 54,000 pounds of direct materials are needed for production in July. There are 3,200 pounds of direct materials on hand at July 1 and the desired ending inventory is 2,800 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases?
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
zira Co Direct Materials budget Each finished unit requires five pounds of raw materials and the...
zira Co Direct Materials budget
Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 1041 pounds. Assume direct materials cost $4 per pound Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO. Direct Materials Budget For April,...
QUESTION 1 On the Direct Materials Budget, the total number of direct materials needed is computed...
QUESTION 1 On the Direct Materials Budget, the total number of direct materials needed is computed as: a. Quantity needed for production + desired ending inventory of DM - beginning inventory of DM b. Units to be produced + desired ending inventory of DM - beginning inventory of DM c. Quantity needed for production - desired ending inventory of DM + beginning inventory of DM d. Units to be produced - desired ending inventory of DM + beginning inventory of...
The direct materials budget shows: Units to be produced; 3,000 units Total pounds needed for production;...
The direct materials budget shows: Units to be produced; 3,000 units Total pounds needed for production; 6,000 pounds Total materials required; 6,600 What are the direct materials per unit? (Hint: Don't make this hard!) 1.08 pounds. 2.0 pounds. 2.2 pounds Cannot be determined from the data given. The following information was taken from Sloan Company's cash budget for the month of July: Beginning Cash Balance; $90,000 Cash Receipts; $57,000 Cash Disbursements; $102,000 If the company has a policy of maintaining...
Yem expects to produce 1,700 units in January and 2,180 units in February. The company budgets...
Yem expects to produce 1,700 units in January and 2,180 units in February. The company budgets 3 pounds per unit of direct materials at a cost of $25 per pound. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5,700 pounds. Yem desires the ending balance in Raw Materials Inventory to be 20% of the next month's direct materials needed for production. Desired ending...
Ending inventory, pounds of plastic desired Beginning inventory, pounds of plastic Total pounds of plastic needed...
Ending inventory, pounds of plastic desired Beginning inventory, pounds of plastic Total pounds of plastic needed for production Buckets to be produced during May Pounds of plastic needed to purchase Cost per pound Pounds of plastic needed for each bucket Estimated cost of purchases for May Smoke, Inc. makes and sells buckets. Each bucket uses 1/2 pound of plastic. Budgeted production of buckets in units for the next three months is as follows: April May June Budgeted production 21,000 22,000...
Perine Company has 1,640 pounds of raw materials in its December 31, 2019, ending inventory. Required...
Perine Company has 1,640 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,100 and 5,600 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January. PERINE COMPANY Direct Materials Budget T Units to be produced 4100 T Total...
The direct materials budget shows: Desired ending direct materials 48,000 pounds Total materials required 72,000 pounds...
The direct materials budget shows: Desired ending direct materials 48,000 pounds Total materials required 72,000 pounds Direct materials purchases 63,200 pounds The total direct materials needed for production is Answer
Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct...
Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct materials requirement per unit is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 25% of the units of budgeted production in the following 13 month. There was 7,350 ounces of direct material in inventory at the start of July. The total cost of direct materials...
Each unit requires 4 pounds of direct materials, which cost $5 per pound. The company's policy is to maintain direct materials inventory equal to 40% of the next month's direct materials requirement. As of June 30, the company has 7,520 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July. MIAMI SOLAR Direct Materials Budget 4,700 4 For Month Ended July 31 Budget production (units) Materials requirements per unit Materials needed for...
zira Co Direct Materials budget
Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 1041 pounds. Assume direct materials cost $4 per pound Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO. Direct Materials Budget For April,...
Yem expects to produce 1,700 units in January and 2,180 units in February. The company budgets 3 pounds per unit of direct materials at a cost of $25 per pound. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5,700 pounds. Yem desires the ending balance in Raw Materials Inventory to be 20% of the next month's direct materials needed for production. Desired ending...
Ending inventory, pounds of plastic desired Beginning inventory, pounds of plastic Total pounds of plastic needed for production Buckets to be produced during May Pounds of plastic needed to purchase Cost per pound Pounds of plastic needed for each bucket Estimated cost of purchases for May Smoke, Inc. makes and sells buckets. Each bucket uses 1/2 pound of plastic. Budgeted production of buckets in units for the next three months is as follows: April May June Budgeted production 21,000 22,000...
Perine Company has 1,640 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,100 and 5,600 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January. PERINE COMPANY Direct Materials Budget T Units to be produced 4100 T Total...
Flagstaff Company has budgeted production units of 9,800 for July and 10,000 for August. The direct materials requirement per unit is 3 ounces (oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 25% of the units of budgeted production in the following 13 month. There was 7,350 ounces of direct material in inventory at the start of July. The total cost of direct materials...
Most questions answered within 3 hours.
-
1a) According to the ideal gas law, _______________.
a. a gas has infinite volume at absolute...
asked 55 minutes ago -
Oakdale Fashions, Inc. had $245,000 in 2018 taxable income.
Using the tax schedule in Table 2.3...
asked 1 hour ago -
The marketing class at CSUS had an average score of 150. An
educational analyst determined that...
asked 2 hours ago -
Justin Case has purchased a $250 000 home by putting 20 % down
and taking out...
asked 2 hours ago -
1. In a labor market, marginal cost for a firm is
____________.
a. recruiting cost
b....
asked 3 hours ago -
On January 1, 2019, ABC Company issued $60,000,000 of 20-year,
10.5% bonds when the market rate...
asked 3 hours ago -
39.4% of US homes continue to use a landline in addition to cell
phone service. 3...
asked 4 hours ago -
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 5 hours ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 6 hours ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 6 hours ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 6 hours ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 6 hours ago