Estimated sales of a product is 30000 units. Two kinds of raw materials X and Z are required for manufacturing the product. Each unit of the product requires 3 units of X and 3 units of Z. The estimated cost of the X and Z OMR 4 and OMR 5 respectively. The estimated opening balance in the beginning of the next year: finished goods: 4000 units; X: 6000 units; Z: 10000 units. The desirable closing balance at the end of the next year: finished product: 6000 units; X: 10000 units; Z: 12000 units. Which of the following shows the total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. X = 462000 and Z = 481000 b. X = 424000 and Z = 404000 c. P = 434000 and Q = 454000 d. X= 400000 and Z= 490000
Estimated sales of a product is 30000 units. Two kinds of raw materials X and Z are required for manufacturing the product. Each unit of the product requires 3 units of X and 3 units of Z. The estimated cost of the X and Z OMR 4 and OMR 5 respectively. The estimated opening balance in the beginning of the next year: finished goods: 4000 units; X: 6000 units; Z: 10000 units. The desirable closing balance at the end of the next year: finished product: 6000 units; X: 10000 units; Z: 12000 units. Which of the following shows the total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. X = 462000 and Z = 481000 b. X = 424000 and Z = 404000 c. P = 434000 and Q = 454000 d. X= 400000 and Z= 490000
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 X and Z are required for manufacturing the product. Each unit of the product requires 3 units of X and 3 units of Z. The estimated cost of the X and Z OMR 4 and OMR 5 respectively.
The estimated opening balance in the beginning of the next year: finished goods: 4000 units; X: 6000 units; Z: 10000 units.
The desirable closing balance at the end of the next year: finished product: 6000 units; X: 10000 units; Z: 12000 units.
Which of the following shows the total cost of raw materials (OMR) to be purchased in Material Purchase Budget.
Select one:
a. X = 462000 and Z = 481000
b. X = 424000 and Z = 404000
c. P = 434000 and Q = 454000
d. X= 400000 and Z= 490000
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