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Part II. raw materials purchases over 6. Marple Company's budgeted production in units and budgeted the next three months are given below: January February March
Part II. raw materials purchases over 6. Marple Company's budgeted production in units and budgeted the next three months are given below: January February March 60,000 129,000 Budgeted production (in units). Budgeted raw materials purchases (in pounds)... Two pounds of raw materials are required to produce raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 36,000 pounds of raw materials on hand on January 1. Budgeted production for February should be: ( 100.000 165.000 188,000 one unit of product. The company wants ) A. 105,000 units B. 82,500 units C. 150,000 units D. 75,000 units Show your work! 7. Hanson Company processing department, the Welding Department, started the month with 17,000 units in its beginning work in process inventory that were 60 % complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $90,780. An additional 84,000 units were started into production during the month and 82,000 units were completed in the Welding Department and transferred to the next processing department. There were 19,000 units in the ending work in process inventory of the Welding Department that were 40% complete with respect to conversion costs. A total of $690,780 in conversion costs were incurred in the department during the month. The cost per equivalent unit for conversion costs is closest to: ( uses the weighted-average method in its process costing system. The first ) A. $6.707 B. $8.224 C. $8.900 D. $8.723 Show your work
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