Question 1 Not yet answered Marked out of 2.00 Flag question Stevens Company manufactures electronic components used in automobile manufacturing. Each component uses two raw materials. Geo and Clio. Standard usage of the two mate inventory, are shown below. Standard Material Per Unit Geo Clio Price Current Inventory 2.0 pounds $15/lb. 1.5 pounds $10/lb. 5,000 pounds 7,500 pounds Stevens forecasts sales of 20,000 components for each of the next two production periods. Company policy dictates that 25% of the raw materials needed to produce the next period's Based on this information, what would the budgeted direct materials purchases for the coming period be? Select one: a. Geo- $825,000 Clio- $450,000 b. Geo- $675,000 Clio- $400,000 c. Geo- $450,000 Clio- $450,000 d. Geo- $675,000 Clio- $300,000 Save Answers Q Search
Question 1 Not yet answered Marked out of 2.00 Flag question Stevens Company manufactures electronic components used in automobile manufacturing. Each component uses two raw materials. Geo and Clio. Standard usage of the two mate inventory, are shown below. Standard Material Per Unit Geo Clio Price Current Inventory 2.0 pounds $15/lb. 1.5 pounds $10/lb. 5,000 pounds 7,500 pounds Stevens forecasts sales of 20,000 components for each of the next two production periods. Company policy dictates that 25% of the raw materials needed to produce the next period's Based on this information, what would the budgeted direct materials purchases for the coming period be? Select one: a. Geo- $825,000 Clio- $450,000 b. Geo- $675,000 Clio- $400,000 c. Geo- $450,000 Clio- $450,000 d. Geo- $675,000 Clio- $300,000 Save Answers Q Search
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Stevens Company manufactures electronic components used in automobile manufacturing. Each component uses two raw materials. Geo and Clio. Standard usage of the two mate
inventory, are shown below.
Standard
Material Per Unit
Geo
Clio
Price Current Inventory
2.0 pounds $15/lb.
1.5 pounds $10/lb.
5,000 pounds
7,500 pounds
Stevens forecasts sales of 20,000 components for each of the next two production periods. Company policy dictates that 25% of the raw materials needed to produce the next period's
Based on this information, what would the budgeted direct materials purchases for the coming period be?
Select one:
a. Geo- $825,000 Clio- $450,000
b. Geo- $675,000 Clio- $400,000
c. Geo- $450,000 Clio- $450,000
d. Geo- $675,000 Clio- $300,000
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