User Account

All Pages

How many inches of raw materials should be purchased

Assignment Help Managerial Accounting
Reference no: EM132781338

Problem - C-Cubed had the following information from the end of last year for its Mountain Bikes:

Budgeted Bike Production for October 115 bikes

Budgeted Bike Production for November 100 bikes

Budgeted Bike Production for December 120 bikes

Cash Collected from Sales in November $40,000

Cash Available on November 1 $5,000

Cash Disbursements in November $25,000

Interest Paid During November $500

The ending raw materials inventory equals 25% of the following month's raw material production needs. Each unit of finished goods requires 60 inches of raw materials. The raw materials cost $3.50 per inch. How many inches of raw materials should be purchased in November? Please note the production needs for each month are listed in the table.

a. 6,300

b. 21,630

c. 22,050

d. 21,262.50

Reference no: EM132781338

Questions Cloud

What is Phoenix consolidated retained earnings balance : Each year since the acquisition, Sedona has declared a $13,000 dividend. What is Phoenix's consolidated retained earnings balance at December 31, 2018
What will be the basis for the distribution of profits : If there is no partnership agreement as to the division of profits and losses, what will be the basis for the distribution of profits or losses?
Compute the cost of each machine : Compute the cost of each machine. At the beginning of the year, Grillo Industries bought three used machines from Freeman Incorporated
What the par value per share of common stock will equal : Halseth Corporation has 100,000 shares of $12 par value common stock. If the firm declares a 4 for 1 stock split, the par value per share of common stock will
How many inches of raw materials should be purchased : The raw materials cost $3.50 per inch. How many inches of raw materials should be purchased in November
Calculate rawl foreign tax paid : Calculate Rawl's U.S. tax before foreign tax credit (FTC).The Alpinian branch of Rawl Corporation has foreign source income of $75,000 in Year 1 $100,000
MGT3003 Managing Change Assignment : MGT3003 Managing Change Assignment Help and Solution, Australian Institute of Higher Education - Assessment Writing Service
Prepare the journal entries in the books of the lessee : Prepare the journal entries in the books of the lessee from 30 June 2020 to 30 June 2021. On 30 June 2020 Jerry Limited leased a machine
Explain the nature of e-business : Explain the nature of e-business, comparing and contrasting it with traditional "brick-and-mortar" organizations. Discuss what practical implications

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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