The budget components for Marigold Company for the quarter ended June 30 appear below Marigold sells high performance coolers for $120 each, Budgeted sales and production for the next three months are April May June Sales 21.700 units 50.000 units 31,300 units Production 26,300 units 45,000 units 26.500 units Marigold desires to have coolers on hand at the end of each month equal to 20 percent of the following month's budgeted sales in units On March 31. Marigold had 4.340 completed units on hand. Five pounds of plastic are required for each cooler. At the end of each month, Marigold desires to have 10 percent of the following month's production material needs on hand. At March 31, Marigold had 13.450 pounds of plastic on hand. The materials used in production cost $0.55 per pound. The production of each cooler requires 0.10 hours of direct labor Determine the budgeted cost of pract materials purchases for the month of April Textbook and Media Budgeted cost of direct materials purchases for April 5

The budget components for Marigold Company for the quarter ended June 30 appear below Marigold sells high performance coolers for $120 each, Budgeted sales and production for the next three months are April May June Sales 21.700 units 50.000 units 31,300 units Production 26,300 units 45,000 units 26.500 units Marigold desires to have coolers on hand at the end of each month equal to 20 percent of the following month's budgeted sales in units On March 31. Marigold had 4.340 completed units on hand. Five pounds of plastic are required for each cooler. At the end of each month, Marigold desires to have 10 percent of the following month's production material needs on hand. At March 31, Marigold had 13.450 pounds of plastic on hand. The materials used in production cost $0.55 per pound. The production of each cooler requires 0.10 hours of direct labor Determine the budgeted cost of pract materials purchases for the month of April Textbook and Media Budgeted cost of direct materials purchases for April 5

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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please step by step answer.
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