Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2)ABC ABC Corp has following data for preparing the materials purchase budget Q1 Required Production in units 6,084.00 Q2 Required Production in units 5,304.00 Q3
2)ABC ABC Corp has following data for preparing the materials purchase budget Q1 Required Production in units 6,084.00 Q2 Required Production in units 5,304.00 Q3 Required Production in units 4,836.00 Q4 Required Production in units 5,694.00 1st Quarter Beg raw materials inventory 2433.60 kg 1st Quarter Beg Accounts Payable $11,559.600 Each unit materials weight 1.56kg Each kg costs $3.12 Desired Inventory is 15.60% of next quarter purchase Desired ending inventory for 4th quarter 2449.20 kg 80% Current quarter purchase paid in current quarter 20% Current quarter purchase paid in next quarter Please prepare the materials purchase budget.
2)ABC ABC Corp has following data for preparing the materials purchase budget
Q1 Required Production in units 6,084.00
Q2 Required Production in units 5,304.00
Q3 Required Production in units 4,836.00
Q4 Required Production in units 5,694.00
1st Quarter Beg raw materials inventory 2433.60 kg
1st Quarter Beg Accounts Payable $11,559.600
Each unit materials weight 1.56kg
Each kg costs $3.12
Desired Inventory is 15.60% of next quarter purchase
Desired ending inventory for 4th quarter 2449.20 kg
80% Current quarter purchase paid in current quarter
20% Current quarter purchase paid in next quarter
Please prepare the materials purchase budget.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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
Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
24th Edition
1260158608, 9781260158601
