Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

b. Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: October November December Units to be produced

image text in transcribedb.

image text in transcribed

Whistle Works manufacturers safety whistle keychains. They have the following information available to prepare their master budget: October November December Units to be produced 4,900 5,050 5,320 Whistle Works sells each whistle for $6. It takes 2 ounces of metal to produce each whistle at a cost of $0.20 per ounce. They prefer to have 10% of materials required for the following month's production in ending inventory as well. How many ounces of direct materials does Whistle Works need to purchase in October to meet production needs? O A. 4,900 ounces O B. 9,830 ounces OC. 5,350 ounces OD. 9,770 ounces Natcher Corporation collects 60% of a month's sales in the month of sale, 30% in the month following sale, and 5% in the second month following sale. The company has found that 5% of their sales are uncollectible. Budgeted sales for the upcoming four months are: August budgeted sales September budgeted sales October budgeted sales November budgeted sales $310,000 $300,000 $330,000 $230,000 The amount of cash that will be collected in November is budgeted to be O A. $138,000 O B. $290,500 OC. $218,500 OD. $252,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions