Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sevenbergen Corporation more product and has provided the following information to help prepare the master budget for the ninet four months of operation guttelling price

image text in transcribed
Sevenbergen Corporation more product and has provided the following information to help prepare the master budget for the ninet four months of operation guttelling price per unit Bogot unit us all on credit) Joly August September October 9.000 11.300 10.400 10,800 Raw natural requirement per unit of 4 pounds output RAW materials cast $1.00 per pound Direct labor requirement per unit of output 3.5 direct labor-hours Direct lahor wage rate $22.00 per direct labor hour Variable selling and administrative expenne $ 1.50 per unit wald Fixed selling and administrative expense $70.000 per month Credit as we collected 405 in the month of the sale 60% in the following month Raw materials purchases are paid 30% in the month of purchase 70% in the following month The ending tinished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should al 30of the following month's maw materials production needs 41.920 pounds of low materials are required for production in September, then the budgeted raw material purchases for August is closest to

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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