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Calculate the cost of materials used for production

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Reference no: EM131694247

The following data on production, materials required for products A and B, and inventory pertains to the budget of Spider Industry:

                                                 Product A            Product B

Production (units)                            2,000 units          3,000 units

Materials (units)                               100,000                 50,000

                X                                             3.0                          1.0

                Y                                              4.0                          6.5

                                                           Beginning            Desired Ending                  Price/Unit

Materials inventory:

                X                                             2,000                     3,000                                     $20

                Y                                              6,000                     6,000                                     $12

1) Determine the number of material units needed to product products A and B.

2) Calculate the cost of materials used for production.

3) Determine the number of materials units to be purchased.

4) Calculate the cost of materials to be purchased.

Reference no: EM131694247

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