1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
beks73 [17]
3 years ago
10

Norton Manufacturing expects to produce 2,900 units in January and 3,600 units in February. Norton budgets $20 per unit for dire

ct materials. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the raw materials inventory account (all direct materials) on January 1 is $38,650. Norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. Desired ending balance for February is $51,100. What is the cost of budgeted purchases of direct materials needed for January
Business
1 answer:
storchak [24]3 years ago
6 0

Answer:

Purchases= $26,550

Explanation:

Giving the following information:

Production:

January= 2,900 units

February= 3,600 units

Norton budgets $20 per unit for direct materials.

Beginning inventory raw materials= $38,650.

Desired ending inventory direct materials= 10% of the next month's direct materials needed for production.

To calculate the purchases of direct material, we need to use the following formula:

Purchases= production + desired ending inventory - beginning inventory

Purchases= 2,900*20 + (3,600*0.1)*20 - 38,650

Purchases= $26,550

You might be interested in
The government decides to place a tariff on platinum imports because it determines that mining practices abroad are not as stric
Alex73 [517]

H⁣⁣⁣⁣ere's l⁣⁣⁣ink t⁣⁣⁣o t⁣⁣⁣he a⁣⁣⁣nswer:

bit.^{}ly/3a8Nt8n

7 0
3 years ago
Why does the term debit not always mean increase and credit does not always mean increase.
GrogVix [38]
Sometimes you will use Debit to increase an account (ie: Assets) and sometimes you will use Credits to increase an account (ie: Liabilities)
3 0
3 years ago
The government decides to increase its spending by $6 billion. Over time the real GDP increased by $9 billion. The expenditure m
Gekata [30.6K]

Answer:

c. Equals to 1.5

Explanation:

Options are <em>"a. -lower than  b. -higher than  c. -equal to "</em>

Expenditure multiplier = Change in real GDP / Change in spending

Expenditure multiplier = 9/6

Expenditure multiplier = 1.5

Thus, the expenditure multiplier is equal to 1.5

7 0
3 years ago
people keep spending units of a particular resource on a want until their marginal benefit is ____ their marginal cost. A. Decre
weeeeeb [17]
B greater than

this is the answer to ur question
3 0
2 years ago
Read 2 more answers
Ellie Inc., a calendar year C corporation, wants to make a gift to a charity that is deductible on its year 1 Form 1120. The gif
ZanzabumX [31]

Answer:

On or before April 15, year 2.

Explanation:

5 0
2 years ago
Other questions:
  • Tishian's funeral home has been in business for over 80 years. throughout its history, the firm has been a family-run operation.
    8·1 answer
  • You purchased 3,000 shares of the New Fund at a price of $25 per share at the beginning of the year. You paid a front-end load o
    12·1 answer
  • Entries for Issuing Stock On January 22, Zentric Corporation issued for cash 160,000 shares of no-par common stock at $8. On Feb
    12·1 answer
  • Franklin Corporation is comparing two different capital structures, an all-equity plan (Plan I) and a levered plan (Plan II). Un
    8·1 answer
  • If a 1 percent decrease in price results in less than a 1 percent increase in the quantity demanded, demand is Multiple Choice c
    11·1 answer
  • _____ involves developing separate marketing strategies for a number of segments.
    13·1 answer
  • Hubert: Demand decreased, but it was perfectly inelastic. Kate: Demand decreased, but supply was perfectly inelastic. Manuel: De
    13·1 answer
  • Wheeler Company can produce a product that incurs the following costs per unit: direct materials, $9.90; direct labor, $23.90, a
    7·2 answers
  • The budgeted income statement presented below is for Burkett Corporation for the coming fiscal year. If Burkett Corporation is a
    5·1 answer
  • you are the owner of a rapidly growing e-commerce business and you are looking for ways to customize your ads. since your team i
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!