Question

1- If there were 50000 pounds of raw materials on hand on January 1, 120000 pounds...

1- If there were 50000 pounds of raw materials on hand on January 1, 120000 pounds are desired for inventory at January 31, and 500000 pounds are required for January production, how many pounds of raw materials should be purchased in January?

2- The production budget shows expected unit sales of 22000. Beginning finished goods units are 3200. Required production units are 23600. What are the desired ending finished goods units?

3- The direct materials budget shows:

Units to be produced 8000
Total pounds needed for production 10000
Total materials required 10900


What are the direct materials per unit?

4- Waterway Industries reported the following information for 2016:

October November December
Budgeted sales $1330000 $1230000 $1510000
  • All sales are on credit.
  • Customer amounts on account are collected 50% in the month of sale and 50% in the following month.

How much cash will Waterway receive in November?

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