Winners Company expects to manufacture and sell 30,000 athletic uniforms for £80 each in 2024. Direct materials costs are £20, direct manufacturing labor is £8, and manufacturing overhead is £6 for each uniform. The following inventory levels apply to 2024: Direct materials Beginning inventory 12,000 units Ending inventory 9,000 units Work-in-process inventory O units O units Finished goods inventory 6,000 units 5,000 units What is the amount budgeted for direct material purchases in 2024? a. £520,000 b. £600,000 C. £580,000 d. £760,000

Winners Company expects to manufacture and sell 30,000 athletic uniforms for £80 each in 2024. Direct materials costs are £20, direct manufacturing labor is £8, and manufacturing overhead is £6 for each uniform. The following inventory levels apply to 2024: Direct materials Beginning inventory 12,000 units Ending inventory 9,000 units Work-in-process inventory O units O units Finished goods inventory 6,000 units 5,000 units What is the amount budgeted for direct material purchases in 2024? a. £520,000 b. £600,000 C. £580,000 d. £760,000

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints

Section: Chapter Questions

Problem 2CE: Sterling Corporation has an EOQ of 5,000 units. The company uses an average of 500 units per day. An...

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