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…

Business

Accounting

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

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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Question

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:
August
September
24, 100 units
22,800 units
October
24,200 units
25, 400 units
November
December
25, 100 units
The 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 were
on 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

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