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nevsk [136]
2 years ago
6

Each unit requires 2 pounds of direct materials, which cost $6 per pound. The company’s policy is to maintain direct materials i

nventory equal to 20% of the next month’s direct materials requirement. As of June 30, the company has 2,040 pounds of direct materials in inventory, which complies with the policy. Prepare a direct materials budget for July.
Business
1 answer:
ycow [4]2 years ago
5 0

Answer: Budgeted Raw Material to be consumed in July.

Quantity         Price per pound             Total

10,200                 $6                             $61,200

Explanation:

As for the information provided, the material at month end in hand shall be:

20% of upcoming month's sale.

If in June at month end, the inventory in hand = 2,040 pounds of raw material.

Then, this represents 20% of total requirement of July.

Therefore, total requirement in July = \frac{2,040}{0.20} = 10,200\ pounds

This basically means:

Total inventory required =

Quantity         Price per pound             Total

10,200                 $6                             $61,200

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Admission prices to Dollywood are $50 for a one-day ticket, $80 for a two-day ticket, and $100 for an annual pass. Based on thes
Neporo4naja [7]

Answer: b. $30; $20; $0

Explanation:

<em>Admission prices to Dollywood are $50 for a one-day ticket, $80 for a two-day ticket, and $100 for an annual pass. Based on these prices, the marginal cost of visiting Dollywood the second day is </em><em><u>$30</u></em><em>, the third day is </em><em><u>$20</u></em><em>, and the fourth day is </em><em><u>$0.</u></em>

The marginal cost is the extra cost per day of going to Dollywood.

Second day

Marginal cost = Second day price - First day

= 80 - 50

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Third day

Marginal cost = Third day price - Second day

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Fourth Day

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