Please provide correct answer general accounting Pluta Company plans the following beginning and ending inventory levels (in units)for April:April 1 April 30Raw materials 90,000 110,000Work in Process 25,000 25,000Finished Goods 170,000 110,000If the company plans to sell 970,000 units during April, the number of units it wouldneed to manufacture during April would be:A. 1,030,000 units.B. 885,000 units.C. 970,000 units.D. 910,000 units.

Step 1: Define Finished GoodsFinished Goods are the goods the company manufactures by using the raw…

Answered: Pluta Company plans the following…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter8: Budgeting

Section: Chapter Questions

Problem 2CMA

See similar textbooks

Similar questions

Pattison Products, Inc., began operations in October and manufactured 40,000 units during the month with the following unit costs: Fixed overhead per unit = 280,000/40,000 units produced = 7. Total fixed factory overhead is 280,000 per month. During October, 38,400 units were sold at a price of 24, and fixed marketing and administrative expenses were 130,500. Required: 1. Calculate the cost of each unit using absorption costing. 2. How many units remain in ending inventory? What is the cost of ending inventory using absorption costing? 3. Prepare an absorption-costing income statement for Pattison Products, Inc., for the month of October. 4. What if November production was 40,000 units, costs were stable, and sales were 41,000 units? What is the cost of ending inventory? What is operating income for November?
Total Pops data show the following information: New machinery will be added in April. This machine will reduce the labor required per unit and increase the labor rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next months requirements. Direct material requires 2 pounds per unit at a cost of $3 per pound. The ending inventory required for direct materials is 15% of the next months needs. In January, the beginning inventory is 3,000 units of finished goods and 4,470 pounds of material. Prepare a production budget, direct materials budget, and direct labor budget for the first quarter of the year.
Pluta Company plans the following beginning and ending inventory levels (in units) for January: Raw materials April 1 April 30 80,000 100,000 Work in process 20,000 20,000 Finished goods 160,000 100,000 Two units of raw material are needed to produce each unit of the finished product. If the company plans to sell 960,000 units during April, the number of units it would need to manufacture during April would be
Production estimates for August for Jay Company are as follows: Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The number of pounds of Materials A and B required for August production is a.225,000 lbs. of A; 37,500 lbs. of B b.216,000 lbs. of A; 72,000 lbs. of B c.234,000 lbs. of A; 39,000 lbs. of B d.216,000 lbs. of A; 36,000 lbs. of B
Production and sales estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 17,800 Desired inventory (unit), March 31 19,300 Expected sales volume (units): Area M 6,100 Area L 8,800 Area O 7,800 Unit sales price $12 The number of units expected to be manufactured in March is
Production and saies estimates for March for the Robin Co. are as follows: Estimated inventory (units), March 1 17,700 Desired inventory (unit), March 31 19,100 Expected sales volume (units): Area M 6,500 Area L 8,300 Area O 7,900 Unit sales price $13 The number of units expected to be manufactured in March is Ob. 41,800 OC 22.700 Od. 24,100
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July 76,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The number of pounds of Materials A and B required for July production is a.216,000 lbs. of A; 72,000 lbs. of B b.216,000 lbs. of A; 36,000 lbs. of B c.225,000 lbs. of A; 37,500 lbs. of B d.234,000 lbs. of A; 39,000 lbs. of B
Please help me
Production estimates for August for Jay Company are as follows: Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is a. $1,080,000 for A; $648,000 for B b. $1,080,000 for A; $1,296,000 for B O Od. $1,170,000 for A; $702,000 for B C. $1,125,000 for A; $675,000 for B
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 Desired inventory (units), July 31 Expected sales volume (units), July For each unit produced, the direct materials requirements are as follows: 3.0 lbs. 0.5 lb. The total direct materials purchases of Materials A and B (assuming no beginning or ending materials inventory) required for July production is Oa. $1,170,000 for A: $702,000 for B Ob. $1,080,000 for A: $1,296,000 for B Oc. $1,125,000 for A: $675,000 for B Od. $1,080,000 for A: $648,000 for B Material A ($5 per lb.) Material B ($18 per lb.) 8,500 10,500 76,000
Production estimates for July for Starling Co. are as follows: Estimated inventory (units), July 1 8,500 Desired inventory (units), July 31 10,500 Expected sales volume (units), July 76,000 For each unit produced, the direct materials requirements are as follows: Material A ($5 per lb.) 3.0 lbs. Material B ($18 per lb.) 0.5 lb. The total direct materials purchases of Materials A and B (assuming no beginning or ending materials inventory) required for July production is a.$1,125,000 for A; $675,000 for B b.$1,080,000 for A; $1,296,000 for B c.$1,170,000 for A; $702,000 for B d.$1,080,000 for A; $648,000 for B
Based on the following production and sales estimates for May for Heron Company, determine the number of units expected to be manufactured in May. Estimated inventory (units), May 1 30,000 Desired inventory (units), May 31 25,000 Expected sales volume (units): South region 20,000 West region 40,000 North region 20,000 Unit sales price $10 a. 75,000 units Ob. 105,000 units C. 85,000 units d. 80,000 units

SEE MORE QUESTIONS

Recommended textbooks for you

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Managerial Accounting

Accounting

ISBN:

9781337912020

Author:

Carl Warren, Ph.d. Cma William B. Tayler

Publisher:

South-Western College Pub

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning

Principles of Accounting Volume 2

Accounting

ISBN:

9781947172609

Author:

OpenStax

Publisher:

OpenStax College

Financial Accounting Intro Concepts Meth/Uses

Finance

ISBN:

9781285595047

Author:

Weil

Publisher:

Cengage

SEE MORE TEXTBOOKS