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Concord Corporation is planning to sell 1100 boxes of ceramic tile, with production estimated at 770 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $23 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Concord has 3800 pounds of clay mix in beginning inventory and wants to have 4600 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? O 33880 O 49200 33080 34660

Concord Corporation is planning to sell 1100 boxes of ceramic tile, with production estimated at 770 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $23 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Concord has 3800 pounds of clay mix in beginning inventory and wants to have 4600 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? O 33880 O 49200 33080 34660

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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Concord Corporation is planning to sell 1100 boxes of ceramic tile, with production estimated at 770 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $23 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Concord has 3800 pounds of clay mix in beginning inventory and wants to have 4600 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? 033880 49200 33080 O 34680
Transcribed Image Text:Concord Corporation is planning to sell 1100 boxes of ceramic tile, with production estimated at 770 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.25 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $23 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Concord has 3800 pounds of clay mix in beginning inventory and wants to have 4600 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? 033880 49200 33080 O 34680
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