A company is working on their budgets for the year 2021. They produce two unique product Degreaser and Polish. The Degreaser has two Raw Materials: soap and baking soda. The Polis also has two Raw Materials: ketchup and salt. The table below has a few of their expectations for 2021. Expected Finished Goods to produce in 2021 Raw Materials used in production of Soap: 3.8 oz at $0.594 per oz one unit of Degreaser Baking Soda: 7.8 oz at $0.358 per oz Raw Materials used in production of Ketchup: 4.7 oz at $0.533 per oz one unit of Polish Salt: 6.5 oz at $0.434 per oz Estimated beginning quantities of Raw Materials Inventory Desired ending quantities of Raw Materials Inventory Degreaser: 8,876 units Polish: 33,635 units Estimated beginning quantities of Finished Goods Inventory Desired ending quantities of Finished Goods Inventory Soap: 1,572.1 oz Baking Soda: 2,231.4 oz Ketchup: 30,992.8 oz Salt: 49,296.7 oz Soap: 1,700.5 oz Baking Soda: 2,642.2 oz Ketchup: 31,564.6 oz Salt: 43,332.5 oz Degreaser: 11,214 units Polish: 20,513 units Degreaser: 14,071 units Polish: 24,809 units What is the dollar value of budgeted salt purchases? (Round your calculations to a level that makes sense for the situation. Enter your final answer to the nearest whole dollar/input code: 0)
A company is working on their budgets for the year 2021. They produce two unique product Degreaser and Polish. The Degreaser has two Raw Materials: soap and baking soda. The Polis also has two Raw Materials: ketchup and salt. The table below has a few of their expectations for 2021. Expected Finished Goods to produce in 2021 Raw Materials used in production of Soap: 3.8 oz at $0.594 per oz one unit of Degreaser Baking Soda: 7.8 oz at $0.358 per oz Raw Materials used in production of Ketchup: 4.7 oz at $0.533 per oz one unit of Polish Salt: 6.5 oz at $0.434 per oz Estimated beginning quantities of Raw Materials Inventory Desired ending quantities of Raw Materials Inventory Degreaser: 8,876 units Polish: 33,635 units Estimated beginning quantities of Finished Goods Inventory Desired ending quantities of Finished Goods Inventory Soap: 1,572.1 oz Baking Soda: 2,231.4 oz Ketchup: 30,992.8 oz Salt: 49,296.7 oz Soap: 1,700.5 oz Baking Soda: 2,642.2 oz Ketchup: 31,564.6 oz Salt: 43,332.5 oz Degreaser: 11,214 units Polish: 20,513 units Degreaser: 14,071 units Polish: 24,809 units What is the dollar value of budgeted salt purchases? (Round your calculations to a level that makes sense for the situation. Enter your final answer to the nearest whole dollar/input code: 0)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:A company is working on their budgets for the year 2021. They produce two unique products
Degreaser and Polish. The Degreaser has two Raw Materials: soap and baking soda. The Polish
also has two Raw Materials: ketchup and salt.
The table below has a few of their expectations for 2021.
Expected Finished Goods to
produce in 2021
Raw Materials used in production of Soap: 3.8 oz at $0.594 per oz
one unit of Degreaser
Baking Soda: 7.8 oz at $0.358 per oz
Raw Materials used in production of Ketchup: 4.7 oz at $0.533 per oz
one unit of Polish
Salt: 6.5 oz at $0.434 per oz
Estimated beginning quantities of
Raw Materials Inventory
Desired ending quantities of Raw
Materials Inventory
Degreaser: 8,876 units
Polish: 33,635 units
Estimated beginning quantities of
Finished Goods Inventory
Desired ending quantities of
Finished Goods Inventory
Soap: 1,572.1 oz
Baking Soda: 2,231.4 oz.
Ketchup: 30,992.8 oz
Salt: 49,296.7 oz
Soap: 1,700.5 oz
Baking Soda: 2,642.2 oz
Ketchup: 31,564.6 oz
Salt: 43,332.5 oz
Degreaser: 11,214 units
Polish: 20,513 units
Degreaser: 14,071 units
Polish: 24,809 units
What is the dollar value of budgeted salt purchases? (Round your calculations to a level that
makes sense for the situation. Enter your final answer to the nearest whole dollar/input code: 0)
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