Question

Masterson Company's budgeted production calls for 65,000 liters in April and 61000 liters in May of...

Masterson Company's budgeted production calls for 65,000 liters in April and 61000 liters in May of key raw material that costs $2.00per liter. Each month's ending raw materials inventory should equal 25% of the following month's budgeted materials. The April 1 inventory for the material is 16250 liters. What is the budgeted materials purchases for April?
Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
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
Similar Questions
185) Masterson Company's budgeted production calls for 62,000 liters in April and 58,000 liters in May...
185) Masterson Company's budgeted production calls for 62,000 liters in April and 58,000 liters in May of a key raw material that costs $1.85 per liter. Each month's ending raw materials inventory should equal 25% of the following month's budgeted materials. The April 1 inventory for this material is 15,500 liters. What is the budgeted materials purchases for April? Multiple Choice $141,525. $118,400. $86,025. $114,700. $112,850. 186) The Gardner Company expects sales for October of $254,000. Experience suggests that 55%...
14 Kyoto, Inc. predicts the following sales in units for the coming four months:                     April       May...
14 Kyoto, Inc. predicts the following sales in units for the coming four months:                     April       May      June    July Sales in units..........       240        280       300     240 Although each month's ending inventory of finished units should be 60% of the next month's sales, the March 31 finished goods inventory is only 100 units. A finished unit requires four pounds of raw material B. The March 31 raw materials inventory has 200 pounds of B. Each month's ending inventory of raw...
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June...
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in units 240 280 300 240 Each month's ending Finished Goods Inventory in units should be 40% of the next month's sales. March 31 Finished Goods inventory is 96 units. A finished unit requires five pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 200 pounds of direct material B. Each month's...
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June...
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in Units 410 450 470 410 Each month's ending Finished Goods Inventory should be 30% of the next month's sales. March 31 Finished Goods inventory is 123 units. A finished unit requires 5 pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 260 pounds of B. Each month's ending Raw Materials Inventory...
11.Cahuilla Corporation predicts the following sales in units for the coming four months: April May June...
11.Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in Units 360 400 420 360 Each month's ending Finished Goods Inventory should be 40% of the next month's sales. March 31 Finished Goods inventory is 144 units. A finished unit requires 5 pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 210 pounds of B. Each month's ending Raw Materials Inventory...
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June...
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in Units 320 360 380 320 Each month's ending Finished Goods Inventory should be 40% of the next month's sales. March 31 Finished Goods inventory is 128 units. A finished unit requires 5 pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 280 pounds of B. Each month's ending Raw Materials Inventory...
The following are budgeted data: January February March Sales in units 16,900 23,800 19,900 Production in...
The following are budgeted data: January February March Sales in units 16,900 23,800 19,900 Production in units 19,900 20,900 20,000 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:
ZIRA CO. Direct Materials Budget For April, May, and June April May June Budgeted production (units)...
ZIRA CO. Direct Materials Budget For April, May, and June April May June Budgeted production (units) 694 735 727 units Materials requirements per unit 4 4 4 lbs. Materials needed for production (lbs.) 2,776 2,940 2,908 lbs. Budgeted ending inventory (lbs.) 882 872 872 lbs. Total materials requirements (lbs.) 3,658 3,812 3,780 lbs. Beginning inventory (lbs.) 833 882 872 lbs. Materials to be purchased (lbs.) 2,825 2,930 2,908 lbs. Cost per lb. $4 $4 $4 per lb. Total budgeted direct...
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June...
Cahuilla Corporation predicts the following sales in units for the coming four months: April May June July Sales in Units 420 460 480 420 Each month's ending Finished Goods Inventory should be 40% of the next month's sales. March 31 Finished Goods inventory is 168 units. A finished unit requires 5 pounds of direct material B at a cost of $2.00 per pound. The March 31 Raw Materials Inventory has 270 pounds of B. Each month's ending Raw Materials Inventory...
Estimated sales for the secon dquarter will be as follows: April - 2,520 May  - 2,450 June...
Estimated sales for the secon dquarter will be as follows: April - 2,520 May  - 2,450 June - 2,350 Targe ending inventory of finished products is March 31 - 2030 April 30 - 2,220 May 31 - 2,110 June 30 - 2,360 2 units of material are required for each unit of finished product. Proudctino for July is 2,640 units to start building inventory for the fall sales period. Comapny policy is to have an inventory of raw materials at the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT