User Account

All Pages

What is the cost of budgeted purchases of direct materials

Assignment Help Managerial Accounting
Reference no: EM132956620

Problem 1: Dean Manufacturing expects to produce 12,900 units in January and 14,200 units in February. The company budgets $15 per yard for direct materials and each unit has been budgeted 1 yard of material. The amount of indirect materials needed for production has been determined to be insignificant and will therefore not be considered in the calculation. The balance in the Raw Materials Inventory account? (all direct? materials) on January 1 is 3,800 yards. The company desires the ending balance in Raw Materials Inventory to be 23?% of the next? month's direct materials needed for production. What is the cost of the budgeted purchases of direct materials needed for? January?

a. $185,490
b. $193,500
c. $48,990
d. $242,490

Reference no: EM132956620

Questions Cloud

What is the importance of good corporate : What is the importance of good corporate and tax planning for a business group?
Estimate commonwealth bank of australia weighted average : Estimate Commonwealth Bank of Australia weighted average cost of capital (WACC). Secondly, investigate a project in which your company has recently invested. Do
Calculate the firm inventory conversion cycle : An analyst has recently been hired to improve the performance of SL Energy Corporation, which has been experiencing a severe cash shortage. As one part of your
Define bench marking : Define bench marking, employee empowerment and value-chain analysis. Use your own application to explain the definition, use examples for each definition.
What is the cost of budgeted purchases of direct materials : 23?% of the next? month's direct materials needed for production. What is the cost of the budgeted purchases of direct materials needed for? January?
Should production manager be penalized for poor performance : Given that the company uses a responsibility accounting system, should the production manager be penalized for poor performance?
Analyse one of commonwealth bank of bank : Firstly, compute the credit spread of this bond, by comparing the yield on this bond with the yield on Treasury Bonds of comparable duration. To simplify your c
Should golden company accept the offer : If the outside supplier offers to sell glups for $65 each, should Golden Company accept the offer? Should the center be closed?
Analyse commonwealth bank of australia shares : -Firstly, provide a graph and comment on the company's stock price changes in the previous three years. Explain what factors have caused the stock price to dev

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