Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Use the following information for questions 13 through 15. Projected sales for Module Company for the next month and beginning and ending inventory data are

Use the following information for questions 13 through 15.

Projected sales for Module Company for the next month and beginning and ending inventory data are as follows: Sales 80,000 units Beginning inventory 6,000 units Targeted ending inventory 14,000 units The selling price is $40 per unit. Each unit requires 8 pounds of material, which costs $2 per pound. The beginning inventory of raw material is 30,000 pounds. The company wants to have 40,000 pounds of material in inventory at the end of the month.

13. Budgeted sales would be _____. a. $ 2,880,000 b. $ 3,520,000 c. $ 1,600,000 d. $ 1,920,000

14. According to the production budget, how many units should be produced? a. 90,000 units b. 70,000 units c. 88,000 units d. 80,000 units

15. Pounds of material to be purchased would be _____. a. 352,000 lbs. b. 362,000 lbs. c. 392,000 lbs. d. 342,000 lbs.

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

Recommended Textbook for

Management Systems Auditing A Practitioners Guide To Quality And Management Systems Audit

Authors: Dr Warren Doudle

1st Edition

B0C6W3G4W4, 979-8397130271

More Books

Students also viewed these Accounting questions