Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 17, 2024

Marigold Corp. determines that 58000 pounds of direct materials are needed for production in July. There are 3600 pounds of direct materials on hand at

Marigold Corp. determines that 58000 pounds of direct materials are needed for production in July. There are 3600 pounds of direct materials on hand at July 1 and the desired ending inventory is 3200 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases? O 170400. O 177600 O 175200. 172800

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

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

Corporate Financial Accounting

Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac

12th edition

1305041399, 1285078586, 978-1-133-9524, 9781133952428, 978-1305041394, 9781285078588, 1-133-95241-0, 978-1133952411

Students also viewed these Accounting questions

Question

Were the target behaviors representative of problems of long duration that were unlikely to change without direct intervention?

Answered: 1 week ago

Question

★★★★★

Clooney Corp. establishes a petty cash fund for $225. By the end of the month, employees made the following expenditures from the fund: postage, $60; delivery, $85; supplies expense, $50;...

Answered: 1 week ago

Question

★★★★★

E5-1B how do you do it? At year-end, SourceOne estimates there remain $700,000 of sales (with a cost to SourceOne of $245.000) that are still within the 60-day returm period and that, based on past...

Answered: 1 week ago

Question

★★★★★

What is the basic problem with a simple universal coupling and how can it be solved?

Answered: 1 week ago

Question

★★★★★

a. The sales forecast is 2,000; 1,700; 1,600; and 1,500 units for January, February, March, and April, respectively. The unit sales price is $16. All sales are on credit and collections are 40% in...

Answered: 1 week ago

Question

★★★★★

Margaret Chu , general manager of The Times Hotel, has received a phone call from the Service Feedback Agency, which she employs to provide feedback on customer service. The agent from this service...

Answered: 1 week ago

Question

★★★★★

You are performinga study of the percentage of students at NCC that smoke cigarettes.You want to find a 90% confindence interval and you wish to be with 4% of the actual percentage.A similar study...

Answered: 1 week ago

Question

★★★★★

Outsourcing of labor by U.S. companies typically takes place because ___________________. Question 3 options: there is no longer enough space to build factories in the United States most companies...

Answered: 1 week ago

Question

★★★★★

Hi could you please help with the below question. In May 2012, a bank will issue a 4/7 FRA referenced to BBSW with a guaranteed rate of 4.5% p.a.. Bank bill futures for September 2012 delivery are...

Answered: 1 week ago

Previous Question Next Question