What is the budgeted raw material purchases for next period

Assignment Help Financial Accounting

Reference no: EM131215731

A Company manufactures and sells one product which requires 8 kg of raw material in its manufacture. The budgeted data relating to the next period are as follows:

Units

Sales 19,000

Opening inventory of finished goods 4,000

Closing inventory of finished goods 3,000

Opening inventory of raw materials 50,000

Closing inventory of raw materials 53,000

What is the budgeted raw material purchases for next period (in kg)?

A 141,000

B 147,000

C 157,000

D 163,000

Reference no: EM131215731

Questions Cloud

Find the financial statements for a publicly traded company : Find the financial statements for a publicly traded company, and examine its statement of cash flows. Prepare the cash ratios and prepare an overview (300 words) of what is revealed about the company by its statement of cash flows and cash ratios. Po..

Find the financial statements of college or hospital : Research and find the financial statements of a college or hospital and see how their reporting differs from other governmental organizations you have learned about in this class. Post both the financial statement and your listing of the differences.

Is the testimony valid : The decedent, father of the infant Plaintiff, was killed in a train accident. Testimony showed he was a good and reliable man. Through a representative, the decedent’s surviving child, age five, recovered judgment against the railroad (Defendant). Is..

What checks and balances should have been in place : A company, out of Florida, was run by two gentleman. One was the CEO, the other was the President. They both had a salary of $ 200K per year. However, they never took there full salary; in fact, it was only a small percentage that they drew upon ever..

What is the budgeted raw material purchases for next period : A Company manufactures and sells one product which requires 8 kg of raw material in its manufacture. What is the budgeted raw material purchases for next period (in kg)?

Responsible for governing financial reporting : What organizations are responsible for governing financial reporting? What is the role of each organization? How have the roles changed in the last 20 years? How might their roles change in the next 20 years?

Generally accepted accounting principle and accounting cycle : What is the purpose of generally accepted accounting principles (GAAP) and the accounting cycle? Is it possible to deviate from GAAP and the accounting cycle and still prepare financial statements? Why? What are some possible consequences of this cou..

Quickbooks automatically calculates paychecks : Quickbooks automatically calculates paychecks using information from all of the following source except

Objective of a systems survey : Which of the following is an objective of a systems survey?

User Account

All Pages