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Sheridan Company is planning to sell 500 boxes of ceramic tile, with production estimated at 570 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.50 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $19 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sheridan has 4000 pounds of clay mix in beginning inventory and wants to have 4900 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? 25980 22900 24180 25080

Sheridan Company is planning to sell 500 boxes of ceramic tile, with production estimated at 570 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.50 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $19 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sheridan has 4000 pounds of clay mix in beginning inventory and wants to have 4900 pounds in ending inventory. What is the total amount to be budgeted in pounds for direct materials to be purchased for the month? 25980 22900 24180 25080

FINANCIAL ACCOUNTING
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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Sheridan Company is planning to sell 500 boxes of ceramic tile, with production estimated at 570 boxes during May. Each box of tile requires 44 pounds of clay mix and a 0.50 hour of direct labor. Clay mix costs $0.40 per pound and employees of the company are paid $19 per hour. Manufacturing overhead is applied at a rate of 110% of direct labor costs. Sheridan has 4000 pounds of clay mix in beginning inventory and wants to have 4900 pounds in ending inventory.

What is the total amount to be budgeted in pounds for direct materials to be purchased for the month?

25980
22900
24180
25080
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