Question
Soxy company is considering its forthcoming projections for budget purposes. Soxy manufactures a product requiring 0.5 grams of platinum per unit. The cost of platinum
Soxy company is considering its forthcoming projections for budget purposes. Soxy manufactures a product requiring 0.5 grams of platinum per unit. The cost of platinum is approximately $360 per gram. Soxy maintains an ending inventory of platinum equal to 10% of the following month's production. The following data were taken from the most recent quarterly production budget.
July
August
September
Planned Production (units)
1,000
1,100
980
If each unit takes 2.5 direct labour hours to produce and Soxy's cost per labour hour is $15, determine the amount that should be budgeted for direct labour in September.
Select one:
a.$115,500
b.$ 36,750
c.$ 14,700
d.$ 18,375
e.$ 5,880
MAM company is preparing budgets for the coming financial year.MHM is considering the relevance of inventory levels.The number of units in the sales budget and the production budget may differ because of a change in
Select one:
a.
sales returns and allowances.
b.
direct material inventory levels.
c.
finished goods inventory levels.
d.
direct material inventory levels.
overhead charges.
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