The following are budgeted data: January February March Sales in units 15,600 21,200 18,600 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:
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18,420 pounds
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20,020 pounds
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19,180 pounds
Homework Answers
| Particulars | February |
| Production units | 19600 |
| Direct material per unit | 1 |
| Direct materials required for production | 19600 |
| Add : Closing Inventory | 3500 |
| Direct Materials Needed | 23100 |
| Less : Opening Inventory | (3920) |
| Direct Materials Purchased | 19180 |
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The following are budgeted data: January February March Sales in
units 15,600 21,200 18,600 Production in...
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
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 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
The following are budgeted data January February March 15,300 20,600 18,300 18,300 19,300 17,200 Sales in...
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
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have...
TB MC Qu. 8-61 The following are budgeted ... The following are budgeted data: Sales in...
TB MC Qu. 8-61 The following are budgeted ... The following are budgeted data: Sales in units Production in units January February March 16,200 22,400 19,200 19,200 20,200 18,700 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
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.
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...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. E n it requires 3 pounds of raw materials that ar pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month! maintaining a raw materials inventory at the end of each month equal...
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....
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
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have...
TB MC Qu. 8-61 The following are budgeted ... The following are budgeted data: Sales in units Production in units January February March 16,200 22,400 19,200 19,200 20,200 18,700 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
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.
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...
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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....
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