Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

22: Some accountants decided to supplement their income by selling beehives. They expect to sell 24,000 hives in 2001. They ended 2020 with 2300 completed

22: Some accountants decided to supplement their income by selling beehives. They expect to sell 24,000 hives in 2001. They ended 2020 with 2300 completed hives in inventory and would like to complete operations in 2021 with at least 1,900 completed hives in inventory. There is no ending work in process inventory. One beehive holds about 250 bees. The bees are purchased for $3 per 1,000 bees. The hives sell for $11 each. What would be the yearly total on the direct materials purchases budget for bees purchases? (Assume fir this question that 18,000 beehives will be produced) A. $216,000 B. $ 13,500 C. 45,000 D. 9,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting, The Financial Chapters

Authors: Tracie Miller Nobles

12th Edition

013449041X, 9780134490410

More Books

Students also viewed these Accounting questions

Question

For each of the following situations, compute the missing amount

Answered: 1 week ago

Question

Go, do not wait until I come

Answered: 1 week ago

Question

Make eye contact when talking and listening

Answered: 1 week ago