Calculate the number of ounces of ocean scent

Assignment Help Financial Accounting

Reference no: EM131293006

[The following information applies to the questions displayed below.] Each gallon of Old Guard, a popular aftershave lotion, requires 3 ounces of ocean scent. Budgeted production of Old Guard for the first three quarters of 2013 is: Quarter I 14,000 gallons Quarter II 17,000 gallons Quarter III 12,000 gallons Management’s policy is to have on hand at the end of every quarter enough ocean scent inventory to meet 24% of the next quarter’s production needs. At the beginning of Quarter I, 10,080 ounces of ocean scent were on hand.

Required:

a. Calculate the number of ounces of ocean scent to be purchased in each of the first two quarters of 2013.

Reference no: EM131293006

Questions Cloud

Uses absorption-cost approach-what is markup percentage : Maggie Co. has variable manufacturing costs per unit of $20, and fixed manufacturing cost per unit is $15. Variable selling and administrative costs per unit are $4, while fixed selling and administrative costs per unit are $6. Maggie desires an ROI ..

Children tables in a local market : Suppose that you produce and sell children's tables in a local market. Past experience enables you to estimate your demand and marginal cost schedules. This information is presented in the accompanying table.

Explore how individual differences-personality traits : Explore how individual differences, personality traits, and perspectives impact the productivity of an organization.Use technology and information resources to research issues in leadership and organizational behavio

Continue to invest in the market but minimize your risk : The stock market is going up over a long period of time that's this and become complacent but the risk of being a stockholder at the significant decline of the stock market in 2008 people have begun to rethink the risk involved in owning stock what k..

Calculate the number of ounces of ocean scent : Each gallon of Old Guard, a popular afters have lotion, requires 3 ounces of ocean scent. Budgeted production of Old Guard for the first three quarters of 2013 is: Calculate the number of ounces of ocean scent to be purchased in each of the first two..

Demand increases when price decreases : In economics, the demand for a product is considered downward sloping. This implies that demand increases when price decreases. Is this always true? Name some products for which the demand remains unchanged regardless of the price. Also, mention s..

How you would research the growth in the use of credit cards : Indicate how you would research the growth in the use of credit cards and the pricing of retail goods in general.

Discuss relationship between profits innovation and price : Discuss the relationship between profits, innovation and price. In your discussion, offer the direction that these 3 variables move (up, down, etc.) in relation to each other.

Prepare depreciation schedule showing asset cost : On january 3 2015, Azul Enterprises, Inc, paid $281,000 for equipment used in manufacuring automotive supplies. In addition to the basic purchase proce and $2,000 for a special platform on which to place the equipment in the plant. For each depreciai..

User Account

All Pages