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
chubhunter [2.5K]
3 years ago
5

Prestwich Company has budgeted production for next year as follows: First Second Third Fourth Quarter Quarter Quarter Quarter Pr

oduction in Units 60,000 80,000 90,000 70,000 Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 25% of the next quarter's production needs for material A. A total of 30,000 pounds of material A are on hand to start the year. Budgeted purchases of material A for the second quarter would be:
Business
1 answer:
Marina CMI [18]3 years ago
5 0

Answer:

165,000 pounds

Explanation:

The computation of Budgeted purchases of material A for the second quarter is shown below:-

But before that first we need to calculate the raw material production required and total raw material required so that the budgeted purchase could come

Raw materials for production required = Units of required production × Per units of raw material required

= 80,000 × 2

= 160,000

Total raw material required = Desired raw material ending inventory + Raw materials for production required

= (90,000 × 2 pounds per unit × 25%) + 160,000

= 45,000 + 160,000

= 205,000

Budgeted purchases of material A for the second quarter = Total raw material required - Inventory of raw material in beginning

= 205,000 - (80,000 × 2 pounds per unit × 25%)

= 205,000 - 40,000

= 165,000 pounds

You might be interested in
What business approach has enabled walmart to drive prices down and react to market conditions more quickly?
oee [108]

Answer:

C) Supply chain management system

Explanation:

Supply Chain Management (SCM) includes all processes that transform raw materials into final products in order to maximize customer value and gain a competitive advantage in the marketplace. SCM covers everything from production to product development to the information systems needed for the best management.

The supply chain cycle of Wal-Mart includes procurement, manufacturing, distribution, retailing. As a retailer, Wal-Mart has to source its products from vendors domestically and globally, this creates a more effective supply chain that allows for lower prices.

3 0
3 years ago
Read 2 more answers
German automakers Audi, Mercedes-Benz, and BMW all share the same goal of leading the international luxury vehicle market. Audi
Lena [83]

Answer:

A. Attacking Competition.

Explanation:

Audi's approach of targeting younger professionals in established markets is a strategic move aimed at attacking competition because 'target market'is a market positioning strategy. A target market is a particular group of customers that a product or company is aiming at, and in the case of Audi it is young professionals in established markets. Target market is also a marketing strategy which shows the area of the market that a particular competitor wants to focus on, to gain market share.

5 0
3 years ago
In 2018​, Gathering Company repurchased its own stock at a cost of $ 48,000. During the​ year, the company purchased land with c
Bezzdna [24]

Answer:

$327,000

Explanation:

Stocks owned by the Gathering Company after repurchasing = $48,000

Cash paid for the purchase of land = $124,000

Amount of issued bonds payable =  $375,000

Now,

Net cash provided by financing activities for the year would have been

= Amount of issued bonds payable - Stocks owned by the Gathering Company

= $375,000 - $48,000

= $327,000

7 0
4 years ago
On Jan. 2, Callie Taylor invests $40,000 into the business in exchange for common stock. She journalize the transaction as follo
castortr0y [4]

Answer:

See explanation section.

Explanation:

The correct journal to record this transaction is -

Cash                    Debit          $40,000

Common stock   Credit         $40,000

Note: As Callie Taylor invests the amount in exchange for common stock, An asset (cash) will be increased, and equity (common stock) will be increased. An increase in asset means debit, while an increase in equity means credit.

6 0
3 years ago
As the demand for goods and services decreases, job growth _____.
lyudmila [28]

B. Decreases

if demand goes down, nobody is buying anything, so the need to produce/manufacture is down

5 0
4 years ago
Read 2 more answers
Other questions:
  • Janice bought her house in 2008 for $395,000. since then, she has deducted $70,000 in depreciation associated with her home offi
    14·2 answers
  • Which type of small store carries a limited line of high-turnover convenience goods and makes most of its revenues from cigarett
    10·1 answer
  • The philosophical leaders of the quality movement, Philip Crosby, W. Edwards Deming, and Joseph M. Juran, had the same general m
    9·1 answer
  • Assume that a war reduces a country's labor force but does not directly affect its capital stock. Then the immediate impact will
    11·1 answer
  • Y Toys is planning a 30,000 square foot expansion to their manufacturing facility to prepare for the introduction of their Barne
    11·1 answer
  • The fact that more than one type of economic system exists in the world today is attributable MAINLY to the fact that
    11·1 answer
  • There will be a higher equilibrium price and lower quantity if _____.
    13·1 answer
  • The 2018 balance sheet of Speith’s Golf Shop, Inc., showed long-term debt of $5 million, and the 2019 balance sheet showed long-
    9·1 answer
  • According to the eTextbook, in the world of sustainability, the triple bottom line refers to an organization that makes decision
    10·1 answer
  • If the united states experiences lower personal savings rates, then it must be the case that?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!