8-15 Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 8.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows:AugustSeptember24, 100 units22,800 unitsOctober24,200 units25, 400 unitsNovemberDecember25, 100 unitsThe company wants to maintain monthly ending inventories of Jurislon equal to 25% of the following month's production needs. On July 31, this requirement was not met since only 12,300 kilograms of Jurislon wereon hand. The cost of Jurislon is $22 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.The total cost of Jurislon to be purchased in August is:Multiple Choice$5,302.000$4,506,700$5,572600$1,488,850

The materials budget (or materials purchases budget) is employed to plan what quantity raw materials…

Answered: 24,100 units 22,800 units 24, 200 units…

24,100 units 22,800 units 24, 200 units 25,400 units per er er 25,100 units

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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