The number of units it would need to manufacture during June? Pinnacle Corporation plans the following beginning and endinginventory levels (in units) for June:June 1 June 30Raw materials85,000 115,000Work in process 42,000 38,000Finished goods 165,000 140,000Three units of raw material are needed to produce each unit ofthe finished product. If the company plans to sell 825,000 unitsduring June, the number of units it would need to manufactureduring June would be

Explanation of Raw Materials: Raw materials are the basic components or ingredients that a company…

Answered: Pinnacle Corporation plans the…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter4: Job Order Costing

Section: Chapter Questions

Problem 7EB: A company estimates its manufacturing overhead will be $840,000 for the next year. What is the...

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Production information shows these costs and units for the smoothing department in August. What is the value of the inventory transferred out to finished goods and the value of the WIP inventory at the end of the month, assuming conversion costs are 30% complete?
If a factory operates at 100% of capacity one month, 90% of capacity the next month, and 105% of capacity the next month, will a different cost per unit be charged to the work-in-process account each month for factory overhead assuming that a predetermined annual overhead rate is used?
Coronado Industries required production for June is 142000 units. To make one unit of finished product, three pounds of direct material Z are required. Actual beginning and desired ending inventories of direct material Z are 35000 and 65000 pounds, respectively. How many pounds of direct material Z must be purchased?
Parwin Corporation plans to sell 23,000 units during August. If the company has 8,000 units on hand at the start of the month, and plans to have 9,000 units on hand at the end of the month, how many units must be produced during the month? a. b. C. d. 24,000 22,000 32,000 31,000
Parwin Corporation plans to sell 36,000 units during August. If the company has 14,500 units on hand at the start of the month, and plans to have 15,500 units on hand at the end of the month, how many units must be produced during the month? Multiple Choice 37,000 35,000 51,500 50,500
The production manager of Rordan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fi scal year:1st Quarter 2nd Quarter 3rd Quarter 4th QuarterUnits to be produced .............................. 8,000 6,500 7,000 7,500Each unit requires 0.35 direct labor-hours, and direct laborers are paid $12.00 per hour.Required:1. Construct the company’s direct labor budget for the upcoming fiscal year, assuming that the directlabor workforce is adjusted each quarter to match the number of hours required to produce theforecasted number of units produced.2. Construct the company’s direct labor budget for the upcoming fiscal year, assuming that the directlabor workforce is not adjusted each quarter. Instead, assume that the company’s direct labor workforceconsists of permanent employees who are guaranteed to be paid for at least 2,600 hours of work eachquarter. If the number of required direct labor-hours is less than this number, the workers are paid…
Please give me answer general accounting question
Benson Corporation expects to incur indirect overhead costs of $98,000 per month and direct manufacturing costs of $13 per unit. The expected production activity for the first four months of the year are as follows. Estimated production in units January 5,300 Required a. Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. Required A Required B b. Allocate overhead costs to each month using the overhead rate computed in Requirement a. c. Calculate the total cost per unit for each month using the overhead allocated in Requirement b. Complete this question by entering your answers in the tabs below. Required C February March 8,500 4,600 April 6,100 per unit Calculate a predetermined overhead rate based on the number of units of product expected to be made during the first four months of the year. Predetermined overhead rate
The table below shows monthly data collected on production costs and on the number of units produced over a twelve month period. Month July August Discussion Question September October November December January February March April May June Total Production Costs $230,000 250,000 260,000 220,000 340,000 330,000 200,000 210,000 240,000 380,000 350,000 290,000 Level of Activity (Units Produced) 3,500 3,750 3,800 3,400 5,800 5,500 2,900 3,300 3,600 5,900 5,600 5,000 a) Determine the variable cost per unit and the fixed cost using the high-low method. b) What is the equation of the total mixed cost function? c) Based on the High-Low method, what is the total production costs if 6,500 units are produced? d) Prepare the scatter diagram and insert the trendline or line of best-fit. Use a scale of 2 cm to represent 1,000 units on the x-axis & 2 cm to represent $50,000 on the y- axis. e) Using the line of best-fit, determine the company's fixed cost per month and the variable cost per unit.…
6. The controller of Jema Company has requested a quick estimate of the manufacturing supplies that it needs for the month of July when the expected production are 470,000 units. Below are the actual data from the prior three months of operations. Production in units Manufacturing supplies P723,060 853,560 766,560 March April May 450,000 540,000 480,000 Using these data and the high-low method, what is the reasonable estimate of the cost of manufacturing supplies that would be needed for July? (Assume that this activity is within the relevant range.) A. P 805,284 P1,188,756 С. Р 755,196 D. P 752,060 В.
RelyaTech Corporation plans to sell 31,000 units during June. RelyaTech has 12,000 units on hand at the start of the month, and plans to have 13,000 units on hand at the end of the mon.... Q) How many units must RelyaTech produce during the month to satisfy its needs above? Multiple Choice 32,000 43,000 O 44,000 O 30,000
Use the following information for questions 33-36: Lovely Manufacturing has scheduled production as follows for the next several months: Months Production January 1,000 February 1,200 March 1,400 Assume that it takes two pounds of raw material to make one finished unit and that ending inventory of raw materials for any month is scheduled to be 25% of next month production needs. 1.The pounds of raw materials purchased during January is? 2. The pounds of raw materials used for February production is?

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