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alexandr1967 [171]
3 years ago
5

Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans pro

duction of 248,000 units in the second quarter and 60,500 units in the third quarter. Raw material inventory is 74,400 pounds at the beginning of the second quarter. Other information follows:
Direct materials Each unit requires 0.60 pounds of raw material, priced at $183 per pound. The company plans to end each quarter with an ending inventory of materials equal to 50% of next quarter’s budgeted materials requirements.
Required:
a. Prepare a direct materials budget for the second quarter.
Business
1 answer:
Ksivusya [100]3 years ago
4 0

Answer:

Purchases (in pounds)= 92,550

Total cost= $16,936,650

Explanation:

Giving the following information:

Budgeted production:

2nd quarter= 248,000 units

3rd quarter= 60,500 units

Beginning inventory= 74,400 pounds

Each unit requires 0.60 pounds of raw material

Buying price= $183 per pound.

Desired ending inventory= 50% of next quarter’s budgeted materials.

To calculate the budgeted purchase of raw materials, we need to use the following formula:

Purchases= sales + desired ending inventory - beginning inventory

Purchases (in pounds)= (248,000*0.6) + (60,500*0.6)*0.5 - 74,400

Purchases (in pounds)= 148,800 + 18,150 - 74,400

Purchases (in pounds)= 92,550

Total cost= 92,550*183= $16,936,650

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Tax rate was 38%.

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3 years ago
Henry, Bekah, and Marcella are on the five-member Benefits Task Force that is researching options for the new benefits package.
xeze [42]

Answer:

groupthink.

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3 years ago
Marshall has received an inheritance and wants to invest a sum of money today that will yield $5,400 at the end of each of the n
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To determine the amount of inheritance Marshall should invest today, we have to calculate the present value of $5,400.

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I hope my answer helps you

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