User Account

All Pages

Determine the amount of direct material

Assignment Help Managerial Accounting
Reference no: EM132534053

Budgeting production and direct material purchases: manufacture Dante ltd prepare annual budgets. The following beginning and ending inventory level (in units) are planned foe next year. Four kilograms of direct material are required to produce each unit of finished product.

                                    1 January                   31 December

Direct material                     80 000                     100 000

Work in process                     20 000                    20 000

Finished goods                    160 000                        100 000

Required.

Question 1) If Dante plane to sell 480 000 unit during the year, calculate the number of units the firm would have manufacture.

Question 2) If 600 000 finished units are to be manufactured by Dante during the year, determine the amount of direct material that needs to be purchased.

Reference no: EM132534053

Questions Cloud

Explain the operation of the federal reserve : Explain the operation of the Federal Reserve and describe how monetary policy is used in the U.S. and other countries to manage the economy.
Feedback methods of control : Define and explain the feedforward, concurrent, and feedback methods of control. Then explain how these would work for any TWO of the following:
Describe between public accounting and managerial accounting : Describe the difference between public accounting and managerial accounting, provide in-text citations. Provide a hypothetical example.
Change the shipping division : How will the new approach to the job likely change the shipping division?
Determine the amount of direct material : If 600 000 finished units are to be manufactured by Dante during the year, determine the amount of direct material that needs to be purchased.
What is the total Annual inventory cost : The carrying cost per unit per year is 25% of the unit cost and the ordering cost per order is $27.50. What is the total Annual inventory cost
The best evaluations contain both subjective : The best evaluations contain both subjective [i.e. qualitative] and objective data [i.e. quantitative] and serve as evidence of Project success
Handle a crisis effectively and earn high marks : Despite being given very little advance information, you handle a crisis effectively and earn high marks.
Why has it taken so long for these gender barriers : In the past decade or so, many have begun to "open their doors" to other genders such as the military, nursing, sports media/broadcasting, law enforcement

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Which one of the choices correctly depicts the relative use

Which one of the choices correctly depicts the relative use of fixed costs (as opposed to variable costs) for the two companies and the percent

  Prepare a budgeted partial income statement

Axiom Mobile Plus company approached you as Management Accounting expert to assist them in preparing their 2013 budget. Prepare a budgeted partial income statement till "Gross Profit Line"

  Product-sustaining activities

List and describe four potential problems with a "traditional" overhead allocation system and list and describe four "red flags" that may indicate you should consider revising your overhead allocation system.

  Find what is the firm margin of safety

Find What is the firm margin of safety?Selling price per unit (package of 2 CDs),Forecasted annual sales volume (120,000 units)

  How do we close the manufacturing overhead account

The term material describes a relatively large amount. How do we close the manufacturing overhead account when the amount is material?

  Calculate the budgeted purchases of wheels in units

Calculate the budgeted purchases of wheels in units and in dollars. Calculate the number of bicycles to be produced. Calculate the budgeted revenues in dollars.

  How many pounds of raw materials should be purchased

If 106,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

  Calculate the maximum depreciation deduction

Assume that Kicker has sufficient income to avoid any limitations. Calculate the maximum depreciation deduction including §179 expensing

  Determine the lowest transfer price

Part 43X costs the Southern Division of Norris Corporation $27 to produce. Making up that cost are direct materials of $9, direct labor of $5

  What are the collections from customers during first quarter

What are the collections from customers during the first quarter (item a), in thousands of dollars? Carney Corporation Cash Budget

  Gazelle corporation''s financial statements

1.Refer to Gazelle Corporation's financial statements and related information in Problem 16- 1B. In Problem 16- 1B, Gazelle Corporation,

  Recognize types of responsibility centers

Recognize types of responsibility centers as a cost center, a profit center, a revenue center or an investment center.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd