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WINSTONCH [101]
3 years ago
8

A company budgeted unit sales of 204,000 units for January, 2017 and 240,000 units for February 2017. The company has a policy o

f having an inventory of units on hand at the end of each month equal to 30% of next month's budgeted unit sales. If there were 61,200 units of inventory on hand on December 31, 2016, how many units should be produced in January, 2017 in order for the company to meet its goals? 214,800 units 204,000 units 193,200 units 276,000 units
Business
1 answer:
tatuchka [14]3 years ago
4 0

Answer:

214,800 units should be produced in January, 2017 in order for the company to meet its goals

Explanation:

Prepare a Production Budget for January 2017 as follows ;

                                                                                 January

Budgeted Sales                                                      204,000

Add Budgeted Closing Stock(240,000×30%)        72,000

Total Production Needed                                       276,000

Less Budgeted Opening Inventory (December)   (61,200)

Budgeted Production                                              214,800

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Answer:

C Certain groups of employees only

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3 0
3 years ago
Magnolia, Inc., manufactures bedding sets. The budgeted production is for 17,700 comforters this year. Each comforter requires 7
sladkih [1.3K]

Answer:

Explanation:

Calculation of materials budget for 2012

Budgeted production units (A)  17,700

Material Required per unit (Yards) (B)  7

Total Material required (C) = A*B (Yards)  123,900

Add: Desired Ending material inventory  5,400

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Material to be purchased (Yards)  124,430

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4 0
3 years ago
Read 2 more answers
Lawrence is a photographer. He has $230 to spend and wants to buy either a flash for his camera or a new tripod. Both the flash
Mandarinka [93]

Answer:

This illustrates the principle that;

c.people face trade-offs.

Explanation:

Commercial transaction especially in business involve various situations that can mirror underlying economic principals, An example of the many economic principals is trade-off. This principal is explained in detail below;

1. Trade-off

A trade-off is a compromise between two desirable products that are incompatible. A trade-off usually involves the foregoing of one choice for the other, it usually involves the sacrifice of one of two products which have the same qualities but one only limited to picking one choice. A trade-off usually happens in business dealings. An example is a situation where one needs to purchase two items that have the same cost and the amount of money the buyer wants to buy can only be enough for one of the products. In this case, the buyer will have to sacrifice one product for the other based on the prevailing financial status limiting him/her from purchasing both of them.

Lawrence's case is a classic trade-off scenario since he is torn between buying a flash for his camera or a new tripod. He needs both of them with equal measure but he can only afford one at a time. This means that he will have to choose one over the other, a principle known as a trade-off.

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3 years ago
Which of the following statements is CORRECT?
Tatiana [17]
The answer is E. i might be wrong
3 0
3 years ago
Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
Drupady [299]

Answer:

$816

Explanation:

Calculation for Dunbar Incorporated Ending inventory

Formula for Ending inventory units using FIFO method:

Ending inventory units = Beginning balance + Purchase -sales

Leg plug in the formula

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Ending inventory = 300*2.72

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