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
ELEN [110]
3 years ago
8

A sporting goods manufacturer budgets production of 48,000 pairs of ski boots in the first quarter and 39,000 pairs in the secon

d quarter of the upcoming year. Each pair of boots require 2 kg of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter's material needs. Beginning inventory for this material is 19,200 kg and the cost per kg is $9. What is the budgeted materials purchases cost for the first quarter
Business
1 answer:
professor190 [17]3 years ago
5 0

Answer:

$831,600

Explanation:

The budget must account for all of the production of the first quarter and 20% of the production of the second quarter, the number of boots considered in the budget is:

b= 48,000 +0.20*39,000\\b=55,800\ boots

Assuming that each boot uses exactly 2kg of raw material and that the company has 19,200 kg on hand, the amount of raw material still required is:

m = 2*55,800-19,200\\m=92,400\ kg

If the cost per kg is $9, then the budgeted materials purchases cost for the first quarter is:

C=92,400*\$9\\C=\$831,600

The budgeted materials purchases cost is $831,600.

You might be interested in
What is capitol gain?
Triss [41]

Explanation:

  • It is the amount of profit gained by the organization by selling the stock, bond or other real estates.
  • If the value of selling price is higher than the cost price then it means that the capital gain is achieved.
  • The gain amount is calculated by subtracting the higher selling price with the lowest cost price
  • Example of capital assets are: mutual fund, stock, house, land, etc
  • If you achieve a capital gain, then you need to pay tax for it.
5 0
3 years ago
The town of matildaville is attempting to reduce the amount of litter on the side of the roads. which proposed program would be
inysia [295]
The proposed program would be a negative incentive is $200 fine for each piece of litter. When a town is attempting to reduce the amount of litter on the side road they need to think of the solution or a program that would be a negative incentive is $200 fine for each piece of litter.
8 0
3 years ago
Read 2 more answers
________ can adopt one of two competitive strategies: they can challenge the leader or they can play along with competitors and
Tcecarenko [31]
I need more evidence or is this just it

6 0
3 years ago
Individual proprietors report their business income and deductions on: Multiple Choice O Form 1065.
lana [24]

Individual proprietors report their business income and deductions on  

Form 1120S.

What is Form 1120S?

Form 1120S is an IRS form used by businesses organized as S corporations to report their income, gains, losses, deductions, and credits to the Internal Revenue Service (IRS). It is a variant of the Form 1120 and is used in place of this form by businesses that have elected to be taxed as an S corporation.

What do you mean by Proprietors?

Individual proprietors are sole proprietors who own and operate a business. They are the sole owners of the business and do not have to answer to any other shareholders or partners. They have complete control over the business and its operations, as well as the profits and losses.

Hence, the correct option is Option D.

To know more about Individual proprietors,

brainly.com/question/27857676

#SPJ4

3 0
1 year ago
M Company manufactures tables. At the beginning of December, the beginning work in process inventory was 300 units, which were 4
katrin2010 [14]

Answer: Equivalent units for conversion = 4870 units

Explanation:

Given that,

Beginning work in process inventory = 300 units

Beginning work in process inventory for conversion = 40% of 300 units

                                                                                       = 120 units

5,000 units were started in December.

Ending work in process = 500 units

Ending work in process inventory for conversion = 50% of 500 units

                                                                                  = 250 units

Units started and completed = 5000 - 500

                                                = 4500 units

Equivalent units for conversion = 4870 units

6 0
3 years ago
Other questions:
  • What role does math play in the insurance industry?
    14·1 answer
  • True/False/Explain – If all production processes were subject to constant returns to scales for all output levels, monopolistic
    5·1 answer
  • Brussels Enterprises issues bonds at par dated January 1, 2019, that have a $1,800,000 par value, mature in four years, and pay
    5·1 answer
  • A company's financial statements may contain errors even if debits and credit balance because:
    14·1 answer
  • In what ways can labor and management resolve disputes
    14·1 answer
  • Gould Enterprises sells computer disks for $1.50 per disk. Unit variable expenses total $0.90. The breakeven sales in units are
    11·1 answer
  • The number of defects after a hotel room cleaning (sheets not straight, smears on a mirror, missed debris on the carpet, etc) sh
    12·1 answer
  • Time management is primarily act of using time
    10·2 answers
  • Farrick and Kenley want to form a business in which they invest money in exchange for stock ownership in their organization. Wha
    15·1 answer
  • At which rate is total utility increasing: a constant rate, a decreasing rate, or an increasing rate
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!