Production estimates for August 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: Direct material A ($5 per Ib.) 3 Ibs. Direct materialB ($15 per Ib.) 1/2 lb. The total direct materials purchases of materials A and B required for August production is Oa. $1,260,000 for A: $630,000 for B Ob. $1,080,000 for A: $540,000 for B Oc. $1,170,000 for A: $585,000 for B Od. $1.12s.000 for A: $562,500 for B

Production estimates for August 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: Direct material A ($5 per Ib.) 3 Ibs. Direct materialB ($15 per Ib.) 1/2 lb. The total direct materials purchases of materials A and B required for August production is Oa. $1,260,000 for A: $630,000 for B Ob. $1,080,000 for A: $540,000 for B Oc. $1,170,000 for A: $585,000 for B Od. $1.12s.000 for A: $562,500 for B

Name: Production estimates for August are as follows: Estimated inventory (units), August 1 12,000 Desired inventory (units), August 31 9,000 Expected sales volume (units), August 75,000…
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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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