Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribedimage text in transcribed

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

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

Principles Of Financial And Managerial Accounting Volume 2

Authors: Thomas D Hubbard

3rd Edition

0873934911, 978-0873934916

More Books

Students also viewed these Accounting questions

Question

What additional information do we need?

Answered: 1 week ago

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago

Question

Define line and staff authority

Answered: 1 week ago