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koban [17]
3 years ago
13

Masterson Company's budgeted production calls for 56,000 units in April and 52,000 units in May of a key raw material that costs

$1.85 per unit. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 16,800 units. What is the budgeted materials purchases for April
Business
1 answer:
Aleks [24]3 years ago
5 0

Answer:

Total cost= $101,380

Explanation:

Giving the following information:

Production for April= 56,000

Production for May= 52,000

The raw material costs $1.85 per unit.

Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 16,800 units.

We need to determine the budgeted material purchases for April:

Purchases= production for April + ending inventory - beginning inventory

purchases= 56,000 + (52,000*0.3) - 16,800= 54,800 units

Total cost= 54,800*1.85= $101,380

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Straight rebuy

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The products and services purchased are also simple and common products or services, nothing very complex or specialized that requires looking for new information or investigating who the best vendor might be.

5 0
2 years ago
As a sole proprietor, what are the ways in which you can raise money to establish your business, and make it grow?
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Take out a small business loan.

Explanation:

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3 0
3 years ago
Suki health foods has 19,000 shares of $5 par common stock outstanding, which were issued at $12 per share. suki also has a defi
Y_Kistochka [10]

We can calculate for the total stockholders’ equity by using the formula:

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Substituting our given values:

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5 0
3 years ago
Your grandparents would like to establish a trust fund that will pay you and your heirs $215,000 per year forever with the first
Tju [1.3M]

Answer:

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Explanation:

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The formula for the value or price of perpetuity is,

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7 0
2 years ago
Ivanhoe purchased a patent from Vania Co. for $1,240,000 on January 1, 2018. The patent is being amortized over its remaining le
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Answer: $744,000

Explanation:

The amount that should be reported in the balance sheet for the patent, net of accumulated amortization, at December 31, 2020 will be:

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The we calculate the amortization to be recognized in 2020. This will be:

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3 years ago
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