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Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 pounds of raw material K
Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $3.50 per pound. Each month's ending raw materials Inventory should equal 30% of the following month's budgeted materials. The January 1 Inventory for this material is 42,000 pounds. What is the budgeted materials cost for January? Multiple Choice O $490.000 O $653,800 O $506.800 O $343.000. o $310.800 Zhang Industries budgets production of 310 units In June and 320 units In July. Each unit requires 1.5 hours of direct labor. The direct labor rate is $14.20 per hour. The Indirect labor rate is $21.20 per hour. Compute the budgeted direct labor cost for July. Multiple Choice O $9,858 O $6.603. $10,176. O O $6.816. O $16.992. Flagstaff Company has budgeted production units of 8,300 for July and 8,500 for August. The direct materials requirement per unit is 2 ounces (Oz.). The company has determined that it wants to have safety stock of direct materials on hand at the end of each month to complete 20% of the units of budgeted production in the following month. There was 3,320 ounces of direct material in Inventory at the start of July. The total cost of direct materials purchases for the July direct materials budget, assuming the materials cost $1.15 per ounce, is: Multiple Choice $19,182 O $23,000 O O $15,272. $18.998 O O $19.090
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