11Bentsen Corporation makes one product.JulyBudgeted unit sales8,500August September9,00013,900October11,100013650The ending finished goods Inventory equals 40% of the following month's sales. The ending raw materials Inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 6 pounds of raw materials. The raw materialscost $2.00 per pound. If 76,680 pounds of raw materials are required for production in September, then the budgeted cost of raw material purchases for August is closest to:PrintMultiple ChoiceOоо$133,704$160,008$146,856$131,520

To find the budgeted cost of raw material purchases for August, we need to calculate the raw…

Answered: 11 Bentsen Corporation makes one…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Balmforth Products, Inc. makes and sells a single product called a Bik. It takes three yards of Material A to make one Bik. Budgeted production of Biks for the next five months is as follows: February March. 14,000 units 15,500 units April.. 11,900 units May June. 12,600 units 14,500 units The company wants to maintain monthly ending inventories of Material A equal to 20% of the following month's production needs. On January 31, this target had not been attained since only 2,000 yards of Material A were on hand. The cost of Material A is $0.80 per yard. The company wants to prepare a Direct Materials Purchases Budget. The total cost of Material A to be purchased in February is: $45,200 O $34,320 O $42,900 O $39.440
A9
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Samuel Corporation's budgeted production is 64,000 units per month. Each unit requires 2 hours of direct labor to complete. The direct labor cost is $48 per hour. Calculate the budgeted cost of direct labor for the month. A. 3,072,000 B. 3,071,904 C. 6,144,000 D. 6,400,000
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Orange Corporation has budgeted sales of 23,000 units, targeted ending finished goods inventory of 9,000 units, and beginning finished goods inventory of 6,000 units. How many units should be produced next year? A 38,000 units B. 23,000 units C. 26,000 units D. 32,000 units
2. Muddy Waters Industries has projected sales of its product for the next 6 months: 300 units January February 700 units March 1,000 units April Мay 1,000 units 400 units June 300 units Each unit is sold at $40 per unit. The cost of goods sold is typically 40% of the month's budgeted sales revenue. Muddy Waters tries to maintain a Finished Goods ending inventory equal to the 60% of next month's cost of goods sold. January beginning inventories are expected to conform to company policy. Prepare a purchase budget for March, and April
Ramos Company...
Assume a company’s sales budget for April and May is 39,000 units and 41,000 units, respectively. Its production budget for the same two months is 36,000 units and 37,000 units, respectively. Each unit of finished goods required 5 pounds of raw materials. The company always maintains raw materials inventory equal to 25% of the following months production needs.Also assume the company pays $2.40 per pound of raw material. It always pays for 60% of its raw material purchases in the month of purchase and the remainder in the following month. The accounts payable balance on March 31st is $139,000. How much cash disbursements for raw materials purchases would be shown in the company’s cash budget for April?
Coronado Industries determines that 63000 pounds of direct materials are needed for production in July. There are 4200 pounds of direct materials on hand at July 1 and the desired ending inventory is 3600 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases? O 183600. O 190800. O 187200. O 194400.
11 Bramble Corporation is a small wholesaler of gourmet food products. Data regarding the store's operations follow: • Sales are budgeted at $210,000 for November, $190,000 for December, and $180,000 for January Collections are expected to be 50% in the month of sale and 50% in the month following the sale. The cost of goods sold is 55% of sales. The company would like to maintain ending merchandise inventories equal to 45% of the next month's cost of goods sold. Payment for merchandise is made in the month following the purchase. • Other monthly expenses to be paid in cash are $22,700. Monthly depreciation is $13,700. Ignore taxes. Assets Cash Balance Sheet October 31 Accounts receivable. Merchandise inventory. Property, plant and equipment, net of $574,500 accumulated depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings. Total liabilities and stockholders' equity $ 22,500 72,500 51,975 1,096, 500 $ 1,243,475 $ 256,500. 822,500…
Zeus Corporation has budgeted sales of 20 000 units, targeted ending finished goods inventory of 4 000 units, and beginning finished goods inventory of 5 000 units. How many units should be produced next year? A.20 000 units B. 19 000 units C. 24 000 units D. 29 000 units

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