Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
$2,850,000 Question 9 (5 points) XYZ COMPANY ESTIMATES THAT UNIT SALES WILL BE 10,000 IN QUARTER 1, 14,000 IN QUARTER 2, 15,000 IN QUARTER 3
$2,850,000 Question 9 (5 points) XYZ COMPANY ESTIMATES THAT UNIT SALES WILL BE 10,000 IN QUARTER 1, 14,000 IN QUARTER 2, 15,000 IN QUARTER 3 AND 18,000 IN QUARTER 4. THE COMPANY DESIRES ENDING FINISHED GOODS INVENTORY EQUAL TO 10% OF THE NEXT QUARTERS EXPECTED UNIT SALES. WHAT IS THE BUDGETED PRODUCTION IN UNITS FOR QUARTER 2? 14,000 CANNOT BE DETERMINED 14,100 24,000 Question 10 (5 points) XYZ HAS 2,000 POUNDS OF RAW MATERIALS IN ITS DECEMBER 31, 2019 24,000 Question 10 (5 points) XYZ HAS 2,000 POUNDS OF RAW MATERIALS IN ITS DECEMBER 31, 2019 ENDING INVENTORY. REQUIRED PRODUCTION FOR JANUARY AND FEBRUARY OF 2020 ARE 4,000 AND 5,000 UNITS RESPECTIVELY. TWO POUNDS OF MATERIAL ARE NEEDED FOR EACH UNIT AND THE ESTIMATED COST PER POUND IS $4. MANAGEMENT DESIRES AN ENDING INVENTORY EQUAL TO 25% OF THE NEXT MONTHS MATERIAL REQUIREMENTS. WHAT IS THE BUDGETED COST OF DIRECT MATERIALS FOR JANUARY? $32,000 CANNOT BE DETERMINED $34,000 $8,500 Question 11 (5 points) WHEN EVALUATING EMPLOYEE PERFORMANCE AGAINST BUDGETS, WHICH - THE MOST FAIR EVALUATION OF HIS
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started