2. Rollers Inc. uses a continuous budget. The month of March is about to end, so the company is now preparing estimates for April. Figures for the period January to March pertaining to factory supplies are as follows: Factory Supplies P144,612 Production January February March 90,000 108,000 P170,712 96,000 P153,312 If the budgeted production for April is 94,000 units, how much should be the budgeted factory supplies be?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Question
2. Rollers Inc. uses a continuous budget. The month of March is about to end, so
the company is now preparing estimates for April. Figures for the period January
to March pertaining to factory supplies are as follows:
Production
Factory Supplies
P144,612
January
February
March
90,000
108,000
96,000
P170,712
P153,312
If the budgeted production for April is 94,000 units, how much should be the
budgeted factory supplies be?
Your answer
Transcribed Image Text:2. Rollers Inc. uses a continuous budget. The month of March is about to end, so the company is now preparing estimates for April. Figures for the period January to March pertaining to factory supplies are as follows: Production Factory Supplies P144,612 January February March 90,000 108,000 96,000 P170,712 P153,312 If the budgeted production for April is 94,000 units, how much should be the budgeted factory supplies be? Your answer
Expert Solution
steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Budgeting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education