Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5)Feild Corporation pays for 70% of its raw materials purchases in the month of purchase and 30% in the following month. If the budgeted cost

5)Feild Corporation pays for 70% of its raw materials purchases in the month of purchase and 30% in the following month. If the budgeted cost of raw materials purchases in July is $248,750 and in August is $280,050, then in August the total budgeted cash disbursements for raw materials purchases is closest to:
A) $258,140
B) $270,660
C) $174,125
D) $ 84,015
6) Hotel California a Sub S Corporation manufactures and sells dresses. Each dress (unit) requires 2.5 yards of cloth. Selected data from the master budget for next quarter are shown below:
Budgeted sales (in units)
July 6,000, August 9,000, September 12,000
Budgeted produccion (in units)
July 8,000 August 10,500 September 14,000
Each unit requires 0.9 hours of direct labor, and the average hourly cost of Hotel's direct labor is $20. What is the cost of Hotel Cal. direct labor in September?
A) $468,000
B) $252,000
C) $216,000
D) $185,000
image text in transcribed
5) Foghat Corporation pays for 70% of its raw materials purchases in the month of purchase and 30% in the following month. If the budgeted cost of raw materials purchases in July is $248,750 and in August is $280,050, then in August the total budgeted cash disbursements for raw materials purchases is closest to: A) $258,140 B) $270,660 C) $174,125 D) $84,015 6) Fotel Califormia a Sub S Corporation manufactures and sells dresses. Each dress (unit) requires 2.5 yards of cloth. Selected data from the master budget for next quarter are shown below: Each unit requires 0.9 hours of direct labor, and the average hourly cost of Hotel's direct labor is $20. What is the cost of Hotel Cal. direct labor in September? A) $468,000 B) $252,000 C) $216,000 D) $185,000

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

College Accounting Chapters 1-30

Authors: John Price, M. David Haddock, Michael Farina

15th edition

1259994975, 125999497X, 1259631117, 978-1259631115

More Books

Students also viewed these Accounting questions