Answered step by step
Verified Expert Solution
Question
1 Approved Answer
of 4 Question #2 PLANNING Budgeted Sales (units) JAN FEB MAR APR Shirts 100 150 200 300 Pants 80 90 140 190 Skirts 150 200
of 4 Question #2 PLANNING Budgeted Sales (units) JAN FEB MAR APR Shirts 100 150 200 300 Pants 80 90 140 190 Skirts 150 200 300 350 Blouses 200 250 350 500 100 150 Current Inventory: Shirts Pants Skirts Blouses Jan.1 (Units] 120 170 Target Ending Inventory of Finished goods is to be 20% of next month's sales. Raw Material Current Inventory: Wool Cotton Silk Polyester Jan.1 [Kg] 50 70 20 80 Target Ending Inventory (Kg): 50 100 50 100 [each month] Raw Material usage Per unit (in kg): Wool Cotton Silk Polyester Shirts 0 .40 Pants .10 0 .05 Skirts .20 0 Blouses .30 Material cost per kg: Wool Cotton Silk Polyester $4.00 $7.00 $12.00 $2.50 All Materials are bought in 10 kg increments. Materials are paid for 70% in the current month, 30% in the following month. Note: Save Time! Not all the Finished Goods use Silk. REQUIRED: Compute the cash to be paid out for Silk in February. 25 .30 .45 .10 25 0 .20 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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