Business, 15.04.2020 01:19 ChanceJ

Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,470 May 3,830 June 4,570 July 4,170 August 3,970 Croy’s finished goods inventory policy is to have 50 percent of the next month’s sales on hand at the end of each month. Direct materials costs $2.80 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,650 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May.

Answers: 3

Show answers

Answers

Answer from: brylove5490

1. Production units for April 3,650 units

Production units for May 4,200 units

Production units for June 4,370 units

2. Budgeted cost of materials for April = $ 21,980

Budgeted cost of materials for April = $ 23,996

Explanation:

Computation of budgeted production units

April May June

Units Units Units

Ending Inventory - 50 % of next month 1,915 2,285 2,085

Add: Sales 3,470 3,830 4,570

Less: Opening Inventory-50% of current month ( 1,735) (1,915) (2,285)

Production units for the month 3,650 4,200 4,370

Computation of cost of materials

Units production 3,650 4,200 4,370

Material requirement per unit - 2 pounds

Total material requirement for production 7,300 8,400 8,740

Closing inventory-50% next month production 4,200 4,370

Opening inventory-50% of current production ( 3,650) (4,200)

Total material requirement for production 7,850 8,570

Cost per pound of direct material $ 2.80

Total direct material Budget $ 21,980 $ 23,996

Answer from: Quest

unique selling propisition

Answer from: Quest

i tried to get the answer but i could not find it

Another question on Business

Business, 22.06.2019 12:50

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

Answers: 2

Answer

Business, 22.06.2019 12:50

There is a small, family-owned store that sells food and household goods in a small town. the owners have good relations with the community, especially with local farmers who supply much of the food. the farmers aren't organized into a cooperative or union, and the store deals with each individually. suppose the store wanted to buy some farms to control the supply of certain vegetables. how would you classify this strategic move? select one: a. horizontal integration b. forward integration c. backward integration d. concentric integration

Answers: 2

Answer

Business, 22.06.2019 17:30

Emery pharmaceutical uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. emery uses 825 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $48 per order. the cost schedules of two suppliers are as follows: vendor 1 vendor 2 quantity price/lb quantity price/lb 1-499 $17 1-399 $17.10 500-999 $16.75 400-799 $16.85 1000+ $16.50 800-1199 $16.60 1200+ $16.25 (a) what is the economic order quantity for each supplier? (b) what quantity should be ordered and which supplier should be used? (c) the total cost for the most economic order sire is $

Answers: 2

Answer

Business, 23.06.2019 02:30

Arguments made against free trade include all of the following exceptdumping is an unfair trade practice that puts domestic producers of substitute goods at a disadvantage that they should be protected against.national defense considerations justify producing certain goods domestically whether the country has a comparative advantage in their production or not.free trade is inflationary and should be restricted in the domestic interest. if foreign governments subsidize their exports, foreign firms that export are given an unfair advantage that domestic producers should be protected against.infant industries should be protected from free trade so that they may have time to develop and compete on an even basis with older, more established foreign industries.

Answers: 3

Answer

You know the right answer?

Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,4...

Questions