User Account

All Pages

Calculate the dollar amount of direct materials

Assignment Help Accounting Basics
Reference no: EM131643268

Question - ZZ, Inc. has budgeted sales for the next five months as follows:

                  Budgeted Sales in Units

January             12,000 units

February            15,000 units

March                11,000 units

April                  22,000 units

May                   18,000 units

ZZ, Inc. used the following information in creating its master budget for the year:

1. Ending finished goods inventory for each month should be equal to 10% of the next month's expected sales in units.

2. Ending direct materials inventory for each month should be equal to 25% of the next month's production needs.

3. Each unit produced requires 4 pounds of direct materials.

4. Direct materials are purchased for $2.75 per pound.

Calculate the dollar amount of direct materials to be purchased in January.

Reference no: EM131643268

Questions Cloud

Contact your interviewee and set up a time : Contact your interviewee and set up a time to do the interview. The interview can be done face-to-face, over the phone, or via email.
What qualifications you have or may need to get the position : Why you are interested in the career, what qualifications you have or may need to get this position, and where do you see yourself in this career long-term.
Define online learning strategies : Completing courses in the absence of a physical classroom and frequent face-to-face contact can be challenging
Literature review on internet of things : Your literature should be supported by at least three (3) academic (Journal/Conference) papers chosen from the current state of the art - current or future
Calculate the dollar amount of direct materials : ZZ, Inc. has budgeted sales for the next five months as follows: Calculate the dollar amount of direct materials to be purchased in January
Nurses as leaders in health care reform : Nurses as Leaders in Health Care Reform, the United States continues to evolve, either through mandates
What types of information are include in statistical section : Does the report include "combining statements?" If so what is the nature of these statements? What types of information are included in the statistical section?
Describes the 8 core functions of an ehr : Describes the 8 core functions of an EHR. Please select one of the functions and describe what it does.
Calculate the margin bell division needed to earn in march : Calculate the margin the Bell Division needed to earn in March in order for the residual income in March to be equal to $310,000

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is the forward price and the initial value

Six months later, the price of the stock is $68.45 and the risk-free rate is still 4.25%, what are the forward price and the value of the forward contract

  Different display distinct fallacies

Considering the fallacies discussed in Chapter Four of An Introduction to Logic, construct three different arguments that display distinct fallacies. Give an explanation of why each makes a mistake in drawing the conclusion it does. Review your cl..

  The improvements are paid for by stewart on january

1.On January 1, 2006, Mason Co. entered into a 12 year lease on a building.

  At what amount would the investment be reported

Schoomer Corp. paid $200,000 to purchase 30 percent of the stock of Shape, Inc. this year. At the end of the year, Shape reported net income of $50,000 and declared and paid dividends of $20,000.

  Joiner company issued bonds with a 100000 face value on

joiner company issued bonds with a 100000 face value on january 1 2013. the five-year term bonds were issued at 97 and

  Classify each of the activities above as either a

1. receive raw materials from suppliers.2. manage parts inventories.3. do rough milling work on products4. interview

  Munoz corporation uses activity-based costing to determine

munoz corporation uses activity-based costing to determine product costs for external financial reports. at the

  A business received an offer from an exporter for 20000

a business received an offer from an exporter for 20000 units of product at 15 per unit. the acceptance of the offer

  Aziz corporation produces and sells a single product

Aziz Corporation produces and sells a single product. Data concerning that product appear below.

  How might the use of information technologies it affect how

should organizational leaders adopt an adversarial or a collaborativepartnership philosophy when dealing with other

  The lease contains the following terms and provisions

On January 1, 2010, the Amity Company leases a crane to Baltimore Company. The lease contains the following terms and provisions: The lease is noncancelable and has a term of 10 years. The lease does not contain a renewal or bargain purchase option. ..

  Components of the audit risk model

What are the components of the audit risk model? How does the audit risk model affect an audit plan?

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