Prepare a direct materials purchases budget for boxes

Assignment Help Managerial Accounting
Reference no: EM132873339

Problem - Tulum Inc. makes a Mexican chocolate mix sold in 4-pound boxes. Planned production in units for the first 3 months of the coming year is: Each box requires 4.2 pounds of chocolate mix and one box. Company policy requires that ending inventories of raw materials for each month be 10% of the next month's production needs. That policy was met for the ending inventory of December in the prior year. The cost of 1 pound of chocolate mix is $1.50. The cost of one box is $0.10.

Required - Prepare a direct materials purchases budget for boxes for the months of January and February.

Reference no: EM132873339

Questions Cloud

Calculate basic earnings per share of common stock for year : Ringmeup Inc. had net income of $101,000 for the year ended December. Calculate basic earnings per share of common stock for the year ended December 31, 2019.
Calculate the ending inventory of boxes for December : Tulum Inc. makes a Mexican chocolate mix sold in 4-pound boxes. Calculate the ending inventory of boxes for December
What is the forward price you negotiated at the beginning : The continuously compounded interest rate is 10% per annum. What is the forward price you negotiated at the beginning of the contract?
How does the adjusting entry recorded at december : Wiil Company made an adjusting entry to account, How does the adjusting entry recorded at December 31 by Wiil Company affect the elements of the balance sheet?
Prepare a direct materials purchases budget for boxes : The cost of 1 pound of chocolate mix is $1.50. The cost of one box is $0.10. Prepare a direct materials purchases budget for boxes
What the pension expense to be reported is : What the pension expense to be reported for 2020 is? Presented is pension information related to Banana Inc. for the calendar year 2020.
Overall impression of assigned youtube video : What is your overall impression of this assigned YouTube video? You are free to have any opinion that you please; simply be sure to support your impression
Interview the hr manager or other manager : Approach an organisation that uses an electronic HR Information Systems.
Strategies for maximizing leadership effectiveness good boss : Strategies for Maximizing Leadership Effectiveness Good Boss, Bad Boss According to (Robert Sutton), there are three simple suggestions for becoming

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Should will act according to his initial instinct

What should will do to determine whether the purchasing manager's performance is especially good and the plant manager's performance is poor?

  Rank order them in of cost to a firm a

Firms can finance their operation using different sources. Rank order them in terms of cost to a firm and justify why they have that cost structure.

  What would be the profit of a new entrant

What would be the profit of a new entrant if the subsidy is eliminated and Barnacle continues to produce the monopoly level of output?

  Creating a business plan for a startup company

Compare the process of creating a business plan for a startup company and the process of creating a capital budget proposal. Explain three similarities

  Prepare necessary journal entry assuming perpetual inventory

Prepare the necessary journal entries assuming perpetual inventory system is used. Total payroll of the company for a period $ 180,000. Payroll was paid

  Find what is the cost of the abnormal spoilage for january

Find What is the cost of the abnormal spoilage for January? Factory uses process costing to determine its product costs. In its processing department

  Prepare a statement of financial position for the business

Drawings for the year to 30 September 2010 15,000 Using this information, prepare a statement of financial position for the business using the standard layout illustrated in Example 2.5 on p.48 of Atrill, P., & E. McLaney, (2011) Accounting and Fi..

  Predetermined overhead rate to be used in each department

Compute the predetermined overhead rate to be used in each department.

  Analyze four factors that drive changes in hsb

Examine TWO (2) pressures that influencing the change of Miss Lailatul's role as a new management accountant. Analyze FOUR factors that drive changes in HSB

  Find what the direct materials price variance is

What the direct materials price variance is? Alpha Company produces a product that requires 2 standard pounds per unit. The standard price is $3.75 per pound.

  Calculate the amount of substitution and income effects

What is the new utility maximizing quantity of X and Y following the increase in the price of X? Calculate the amount of substitution and income effects.

  Calculate the bid price per dose using total cost

Calculate the bid price per dose using total cost and the maximum allowable return specified by Wyant Memorial Hospital

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!

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