User Account

All Pages

Prepare the direct materials budget by quarter

Assignment Help Accounting Basics
Reference no: EM131763072

Question - Noche Building Blocks is preparing its budget for 2008. Production for the first quarter will be 600,000 blocks. Production for the subsequent quarters will be 625,000 blocks, 700,000 blocks, and 850,000 blocks.

Each block requires 3.0 pounds of the raw material, blockrock, and each pound of blockrock costs $0.50. Noche Building Blocks will have 325,000 pounds of blockrock on hand at the end of 2007 and wants to have 500,000 pounds of blockrock in inventory at the end of 2008. Ending inventory for blockrock for the first, second, and third quarters will be 340,000 pounds, 360,000 pounds and 450,000 pounds.

Prepare the direct materials budget by quarter and in total for the year 2008.

Please Show All Steps. Thank You.

Reference no: EM131763072

Questions Cloud

Determine the number of months needed for payout : Royal Queen Petroleum has the following data for its Bayou Field: Determine the number of months needed for payout on each plan
Discuss how problem arises : Discuss how a problem arises. What are latent and overt problems?
Identify six proposal weaknesses using track changes : Identify at least six proposal weaknesses using track changes. Include a critique paragraph of at least 150 words at the end of the document.
What should be the unit price to quote : An executive from a large merchandising firm has called your vice-president forproduction to get a price quote for an additional 100 units of a given product.
Prepare the direct materials budget by quarter : Noche Building Blocks is preparing its budget for 2008. Prepare the direct materials budget by quarter and in total for the year 2008
Describe the technical and business reasons for each choice : Describe the technical and business reasons for each choice, citing other resources as appropriate.
Describe a company or an incident that demonstrates : Briefly describe a company or an incident that demonstrates how stakeholders' conflicting interests can lead to unethical behavior
How the allocation of joint cost will be prepared : The work supervisor of Mr Abdullah requested him to allocate the joint costs to each product, How the allocation of joint cost will be prepared by Mr Abdullah
Situational factors that facilitate cultural change : What are the situational factors that facilitate cultural change(i.e. that make change easier)?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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