Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

QUESTION 13 Rocket Plating Company plans to sell 120,000 units of its Gidget Spinners at a price of $6 per unit. There are 10,000 units

image text in transcribed

QUESTION 13 Rocket Plating Company plans to sell 120,000 units of its Gidget Spinners at a price of $6 per unit. There are 10,000 units in finished goods inventory on January 1 and management wants to increase this inventory by 20% during the year. What is the budgeted number of units to be manufactured in the upcoming year? QUESTION 14 Rocket Plating Company plans to manufacture 130,000 units during the year. Two types of materials are used to make Gidget Spinners: four ounces of Material A, costing $0.30 per ounce and two ounces of Material B, costing $0.40. On January 1, there are 8,000 ounces of Material A and 4,000 ounces of Material B on hand. It is planned to have 10,000 ounces of Material A and 6,000 ounces of Material B in inventory on December 31. What is the budgeted cost of purchasing Material B in the upcoming year? QUESTION 15 Krier Industries has just completed its sales forecasts and its marketing department estimates that the company will sell 48,000 units during the upcoming year. In the past, management has maintained inventories of finished goods at approximately three months sales. However, the estimated inventory at the start of the budget period is only expected to be 6,000 units. Sales occur evenly throughout the year. What is the estimated production level (units) for the first month of the upcoming budget year? 10,000

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