{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T06:50:01-04:00", "answer_date": "2024-06-28 06:50:01", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4256367", "url": "\/study-help\/questions\/dodd-company-makes-and-sells-a-single-product-each-finished-4256367", "question_creation_date_js": "2024-06-28T06:50:01-04:00", "question_creation_date": "Jun 28, 2024 06:50 AM", "meta_title": "[Solved] Dodd Company makes and sells a single pro | SolutionInn", "meta_description": "Answer of - Dodd Company makes and sells a single product. Each finished unit requires four pounds of direct materials. The budget | SolutionInn", "meta_keywords": "dodd,company,makes,sells,single,product,finished,unit,requires,four,pounds,direct", "question_title_h1": "Dodd Company makes and sells a single product. Each finished unit requires four pounds of direct materials. The budgeted units to be produced for the", "question_title": "Dodd Company makes and sells a single product. Each finished unit requires", "question_title_for_js_snippet": "Dodd Company makes and sells a single product Each finished unit requires four pounds of direct materials The budgeted units to be produced for the third quarter of the current year are given below Budgeted Units to be Produced July 26 , 000 units August 21 , 000 units September 33 , 000 units The company wants to maintain monthly ending inventories of direct materials equal to 35 of the next month 's production needs The cost of the direct materials is $1 75 per pound Assume Dodd Company pays for 60 of a month' s purchases of direct materials in the month of purchase and the other 40 is paid in the following month Calculate the total cash budgeted to be paid in August for direct material purchases Do not use decimals in your answer ", "question_description": "
Dodd Company makes and<\/span> sells a single product. Each finished unit requires four pounds of<\/span> direct materials. The budgeted units to be produced for<\/span> the third quarter of<\/span> the current year are given below: Budgeted Units to be Produced July 26<\/span>,000<\/span> units August 21<\/span>,000<\/span> units September 33<\/span>,000<\/span> units The company wants to maintain monthly ending inventories of<\/span> direct materials equal to 35<\/span>% of<\/span> the next month's production needs. The cost of the direct materials is $1.75 per pound. Assume Dodd Company pays for 60% of a month'<\/span>s purchases of<\/span> direct materials in<\/span> the month of<\/span> purchase and<\/span> the other 40<\/span>% is<\/span> paid in<\/span> the following month. Calculate the total cash budgeted to be paid in<\/span> August for<\/span> direct material purchases. Do not<\/span> use decimals in<\/span> your answer. <\/pre>",
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