Beginning balance 750
Add supplies purchase 900
Less supplies used 1125
Supplies on hand at the end of february is
750+900−1,125=525...answer
Hope it helps!
Kalim could have avoided this by seeing how much the most popular food product and lease a price it through that range.
For example, Bananas are 14$, and Pizza is 95$
He could have made the price 30 - 60$.
Answer:
$118,000
Explanation:
The formula and the estimation of the direct material used is shown below:
Direct material used = Starting raw material balance + purchase made during the year- ending raw material balance
= $42,000 + $127,000 - $51,000
= $118,000
Adding the purchased amount and deducting the ending raw material balance to the beginning raw material balance for computing the direct material used
Answer:
The correct option is C,sales budget, direct material purchases budget, budgeted income statement
Explanation:
Te correct order in preparing budgets is to first of all have a sales forecast based on information on previous years' sales figures as well as looking at the future economic outlook.
When sales forecasts are made based on educated guess,the sales budget is prepared using the most appropriate selling price per unit.
Thereafter,based on the number of units planned for sales,the required materials needed to accomplish the sales level is forecast,hence direct material purchases budget is prepared with informed unit cost of material.
Lastly,the income statement which encompasses both revenue from sales budget in addition to costs from direct materials purchase budget is finalized.
