Estimated sales of a product is 30000 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 of Q. The estimated cost of the P and Q OMR 2 and OMR 3 respectively. 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 total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. P = 162000 and Q = 181000 b. P= 136000 and Q= 390000 c. P = 124000 and Q = 324000 d. P = 134000 and Q = 334000
Estimated sales of a product is 30000 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 of Q. The estimated cost of the P and Q OMR 2 and OMR 3 respectively. 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 total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. P = 162000 and Q = 181000 b. P= 136000 and Q= 390000 c. P = 124000 and Q = 324000 d. P = 134000 and Q = 334000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Estimated sales of a product is 30000 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 of Q. The estimated cost of the P and Q OMR 2 and OMR 3 respectively.
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 total cost of raw materials (OMR) to be purchased in Material Purchase Budget.
Select one:
a. P = 162000 and Q = 181000
b. P= 136000 and Q= 390000
c. P = 124000 and Q = 324000
d. P = 134000 and Q = 334000
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