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
Verizon [17]
3 years ago
6

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

duction of 240,000 units in the second quarter and 52,500 units in the third quarter. Raw material inventory is 43,200 pounds at the beginning of the second quater. Other information is as follows:
Direct materials . . . . . . . . . . Each unit requires 0.60 pounds of a key raw material, priced at $ 175 per pound. The company plans to end each quarter with an ending inventory of materials equal to 30% of next quarter's budgeted materials requirements.


Prepare a direct materials budget for the second quarter.
Business
1 answer:
exis [7]3 years ago
7 0

Answer and Explanation:

The preparation of the direct material budget for the second quarter is presented below:

                                                 Rida Inc

                     Direct Materials Budget Second Quarter

Units to be produced                                     240,000 units

Materials requirement per unit                     0.60 pounds

Materials needed for production (pounds)   144,000 pounds

Add: Budgeted ending inventory (pounds)   9,450 pounds

(52,500 units × 0.60 pounds × 30%)

Total materials requirements (pounds)          153,450 pounds

Less: Beginning inventory (pounds)              43,200 pounds

Materials to be purchased (pounds)              110,250 pounds

Multiply Material price per pound                  $175

Budgeted cost of direct materials                $19,293,750

We added the ending inventory and deduct the beginning inventory to the production units so that the purchased units could come and then multiply it with the material price per pound so that the budgeted cost could come

You might be interested in
When you gave your friend a fifty-dollar bill for an iPod, you used money as a
Sonbull [250]
<span>When you gave your friend a fifty-dollar bill for an iPod, you used money as a <u>medium of exchange.
</u><u />This is because you exchanged your money for an iPod. 
</span>
4 0
3 years ago
The formula for the production budget is budgeted sales in units plus desired ending merchandise inventory less beginning mercha
Deffense [45]

Answer:

desired ending finished goods units less beginning finished goods units.

Explanation:

production budget can be regarded as budget that gives the calculation of the number of units of particular products which is needed to be manufactured, this is comprises the sales forecast as well as amount of finished goods inventory that is planned to have on hand.

It should be noted that the formula for the production budget is desired ending finished goods units less beginning finished goods units..

7 0
2 years ago
Tom, Mary and Jill have apartments in the same building. A security system for their building costs $750. Tom is willing to pay
SSSSS [86.1K]

Answer: The efficient outcome is to have the security system installed. After the meeting the security system will <em><u>be installed</u></em>, which illustrates the <em><u>free rider problem.</u></em>

Free rider is the burden on resource which is been shared, the problem is created by its usage or over-exploitation by individual who aren't paying their fair share.

∴ Here Tom is a free rider. i.e. He is willing to pay $100 where he should've paid $250.

3 0
3 years ago
Jasper makes a $31,000, 90-day, 6.5% cash loan to Clayborn Co. The amount of interest that Jasper will collect on the loan is:__
pochemuha

Answer:

the amount of interest that is collected is $503.75

Explanation:

The computation of the amount of interest that is collected is shown below:

= Cash loan × number of days ÷ total number of days × rate of interest

= $31,000 × 90 days ÷ 360 days × 6.5%

= $503.75

Hence, the amount of interest that is collected is $503.75

This is the answer but the same is not provided in the given options

We simply applied the above formula so that the correct value could come

And, the same is to be considered

4 0
2 years ago
What kinds of business transactions are NOT summarized in a sole proprietor's books? A. Credits. B. Expenses or deductions. C. G
yan [13]

Answer:

D. Sole proprietor's wages.

Explanation:

The owner of the business is the sole proprietor on the other hand sole proprietor is not an employee. Therefore he receives no salaries as he is the person who is an owner of any company or an organization. Any sum he takes from the company is considered to be withdrawn amount.

Hence, Sole Proprietor's wages are not listed in the ledger of the sole proprietor. So, the correct answer is D.

4 0
3 years ago
Other questions:
  • When rebuilding a steering system, a can of bolts and nuts was somehow lost. Technician A says to simply go to the hardware stor
    12·1 answer
  • Clampett, Inc. has been an S corporation since its inception. On July 15, 2019, Clampett, Inc. distributed $40,500 to J. D. His
    12·1 answer
  • The following information is available on a depreciable asset owned by Mutual Savings Bank: Purchase date July 1, Year 1 Purchas
    13·1 answer
  • Develop an arithmetic example that illustrates how a nation could have an absolute disadvantage in the production of two goods a
    7·1 answer
  • A Seattle-based software firm, Sysco, was growing rapidly and hiring frequently, but it primarily focused on campus recruiting a
    12·1 answer
  • Q 4.41: Pierson Industries has a beginning retained earnings balance of $42,500. An adjusted trial balance shows total expenses
    11·1 answer
  • If a bank sells​ $10 million of bonds to the Fed to pay back​ $10 million on the loan it​ owes, what will be the effect on the l
    9·1 answer
  • Bocelli Co. purchased $120,000 of 6%, 20-year Sanz County bonds on May 11, Year 1, directly from the county, at their face amoun
    13·1 answer
  • Jemimah was having problems with the tight scheduling and timelines given to her for one of her technical writing projects. She
    6·1 answer
  • IKEA has essentially changed the way people shop for furniture. Discuss the pros and cons of this strategy, especially as the co
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!