Question

Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,600...

Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,600 units in April. Each pole requires a half pound of material, which costs $1.20 per pound. The company’s policy is to have enough material on hand to equal 10% of the next month’s production needs and to maintain a finished goods inventory equal to 25% of the next month’s production needs. What is the budgeted cost of purchases for March? Budgeted cost of purchases $

fill in the blank

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
Cloud Shoes manufactures recovery sandals and is planning on producing 12,000 units in March and 11,500...
Cloud Shoes manufactures recovery sandals and is planning on producing 12,000 units in March and 11,500 in April. Each sandal requires 1.2 yards if material, which costs $3.00 per yard. The company’s policy is to have enough material on hand to equal 15% of next month’s production needs and to maintain a finished goods inventory equal to 20% of the next month’s production needs. What is the budgeted cost of purchases for March?
11) how many units must be produced to also meet the 7000 units required in ending...
11) how many units must be produced to also meet the 7000 units required in ending inventory. ( this is managerial accounting) 2) Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700 in April. Each pole requires a half pound of material, which costs $1.20 per pound. The company’s policy is to have enough material on hand to equal 10% of the next month’s production needs and to maintain a finished goods 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:
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:
Orr Company makes and sells a single product called a Bik. It takes four yards of...
Orr Company makes and sells a single product called a Bik. It takes four yards of Material A to make one Bik. Budgeted production of Biks for the next three months is as follows: Budgeted Biks to be Produced February 15,000 units March 17,000 units April 21,000 units The company wants to maintain monthly ending inventories of Material A equal to 53% of the next month's production needs. Material A costs $1.20 per yard. The company is in the process...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,600 May 3,810 June 4,570 July 4,170 August 4,000 Croy’s finished goods inventory policy is to have 70 percent of the next month’s sales on hand at the end of each month. Direct material costs $2.90 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the...
Tyler Co. Production Budget April, May and June April May June Next month’s budgeted sales (units)...
Tyler Co. Production Budget April, May and June April May June Next month’s budgeted sales (units) % % % 0 0 0 Units to be produced 0 0 0 Tyler Co. predicts the following unit sales for the next four months: April, 3,600 units; May, 4,700 units; June, 6,700 units; and July, 3,000 units. The company’s policy is to maintain finished goods inventory equal to 20% of the next month’s sales. At the end of March, the company had 700...
Becker Bikes manufactures tricycles. The company expects to sell 460 units in May and 590 units...
Becker Bikes manufactures tricycles. The company expects to sell 460 units in May and 590 units in June. Beginning and ending finished goods for May is expected to be 150 and 115 units, respectively. June’s ending finished goods is expected to be 125 units. Each unit requires 3 wheels at a cost of $16 per wheel. Becker requires 20 percent of next month’s material production needs on hand each month. July’s production units is expected to be 560 units. Compute...
Alliance Company’s budgets production of 34,000 units in January and 38,000 units in the February. Each...
Alliance Company’s budgets production of 34,000 units in January and 38,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $3.00 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 40,800 pounds. What is the budgeted materials cost for January?
Croy Inc. has the following projected sales for the next five months: Month Sales in Units...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,590 May 3,800 June 4,560 July 4,145 August 3,950 Croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. Direct material costs $2.60 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT