Estimated sales of a product is 25000 units. Two kinds of raw materials P and Q are required for manufacturing the product. Each unit of the product requires 2 units of P and 4 units ofQ. The estimated opening balance in the beginning of the next year: finished goods: 4000 units; P: 6000 units; Q: 10000 units. The desirable closing balance at the end of the next year: finished product: 6000 units; P: 10000 units; Q: 12000 units. Which of the following shows the Quantity of Raw Materials to be purchased in Material Purchase Budget? Select one: a. P = 31000 and Q = 27000 %3D b. P 62000 and Q = 108000 c. None of the options d. P= 58000 and Q= 110000

Estimated sales of a product is 25000 units. Two kinds of raw materials P and Q are required for manufacturing the product. Each unit of the product requires 2 units of P and 4 units ofQ. The estimated opening balance in the beginning of the next year: finished goods: 4000 units; P: 6000 units; Q: 10000 units. The desirable closing balance at the end of the next year: finished product: 6000 units; P: 10000 units; Q: 12000 units. Which of the following shows the Quantity of Raw Materials to be purchased in Material Purchase Budget? Select one: a. P = 31000 and Q = 27000 %3D b. P 62000 and Q = 108000 c. None of the options d. P= 58000 and Q= 110000

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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