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As a management accountant who specializes in restating operational budgets, you have been asked to work on Preparing the budget for direct raw materials purchases for the year 2012.

As a management accountant who specializes in restating operational budgets, you have been asked to work on Preparing the budget for direct raw materials purchases for the year 2012.

FINANCIAL ACCOUNTING
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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example (1) The production quantity of wooden tables was estimated during the four seasons of the year 2012 in a 200, 5200, 5800, 4600, and wooden chairs 1980, 20800, 23200, row 1990. The table needs (4) meters of wood, and the chair needs (2) meters of wood. The business establishment follows the policy of keeping the stock of raw materials at the end of each semester equal to (10%) of the quantity of materials required during the following quarter, bearing in mind that the stock of 1/1/2012 was (5,000) meters of wood. As for the planned production for the first semester of 2013, it is (5,100) tables. And (20,500) chairs Note that the purchase price per meter of wood is (6) dinars. Required : As a management accountant who specializes in restating operational budgets, you have been asked to work on Preparing the budget for direct raw materials purchases for the year 2012.
Transcribed Image Text:example (1) The production quantity of wooden tables was estimated during the four seasons of the year 2012 in a 200, 5200, 5800, 4600, and wooden chairs 1980, 20800, 23200, row 1990. The table needs (4) meters of wood, and the chair needs (2) meters of wood. The business establishment follows the policy of keeping the stock of raw materials at the end of each semester equal to (10%) of the quantity of materials required during the following quarter, bearing in mind that the stock of 1/1/2012 was (5,000) meters of wood. As for the planned production for the first semester of 2013, it is (5,100) tables. And (20,500) chairs Note that the purchase price per meter of wood is (6) dinars. Required : As a management accountant who specializes in restating operational budgets, you have been asked to work on Preparing the budget for direct raw materials purchases for the year 2012.
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