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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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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