Calculate the total cost of material a

Assignment Help Accounting Basics
Reference no: EM131643227

Problem - Orr Company makes and sells a single product called a Bik. It takes three yards of Material A to make one Bik.  Budgeted production of Biks for the next three months is as follows:

                  Budgeted Biks to be Produced

February               15,000 units

March                  18,000 units

April                    17,000 units

The company wants to maintain monthly ending inventories of Material A equal to 20% of the next month's production needs. The cost of material A is $1.25 per yard. The company is in the process of preparing a direct materials purchases budget.

Calculate the total cost of material A budgeted to be purchased in March. Do not use decimals in your answer.

Reference no: EM131643227

Questions Cloud

Explain a large part of the change in retained earnings : Thus, net income for any one year should explain a large part of the change in retained earnings from the beginning of the year to the end.
Explain how the theory or model : A summary of the article that you located and explain how the theory or model
State the interquartile range : The following data are the number of pages in 40 books on a shelf. Construct a box plot using a graphing calculator, and state the interquartile range.
Why the us constitution is referred as a living constitution : After stating 3 different "repeated injury and usurpations" in the Declaration of Independent please briefly explain why the US constitution is referred.
Calculate the total cost of material a : Calculate the total cost of material A budgeted to be purchased in March. Do not use decimals in your answer
Explore the national institute of nursing research : Explore the National Institute of Nursing Research, Review their publication Bringing science to life: NINR strategic plan
Interpret percentile in the context of given situation : During a season, the 40th percentile for points scored per player in a game is eight. Interpret the 40th percentile in the context of this situation.
Calculate the amount of the note payable at december : Calculate the amount of the note payable at December 31, 2017 that would be classified as a long-term liability. Do not use decimals in your answer
Explain what each ratio and piece of financial data means : Explain what each ratio and piece of financial data means and explain trends in each; are they increasing or decreasing and is this trend positive for the firm?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Appreciated property without gain recognition

Relative to corporate formation, how one can contribute appreciated property without gain recognition to the Transferor?

  Gain or loss did bogus recognize on the exchange

What gain or loss did Bogus recognize on the exchange, assuming no commercial substance 48,600 loss 24,000 gain 0 gain/loss none of the above

  Global motors is a us corporation that purchases

global motors is a u.s. corporation that purchases automobiles from european manufactureres for distribution in the

  Ignoring all other future events

Ignoring all other future events, what is the amount of rent expense that would be recognized in 2014?

  Specify when deferred income taxes would need to be

this year gumowski company has each of the following items in its income statement.1. gross profits on installment

  On nov 12 ms don amp co sold merchandise on account to

complete all the steps of journalizing based on the information provided below.on december 15 ms. corne amp co.

  Review the literature of a particular subject

Review the literature of a particular subject - demonstrate the quality and depth of reading that you have done.

  Determining the operating income

Kaiser's Kraft Korner sells a single product. 7,000 units were sold resulting in £70,000 of sales revenue, £28,000 of variable costs, and £12,000 of fixed costs. The number of units that must be sold to achieve £60,000 of operating income is (Calcu..

  Identify a risk that may have created the problem

For each of these concerns, identify a risk that may have created the problem. Recommend an internal control procedure to prevent the problem in the future

  Why is this gain subtracted from net income

A company reports net income of $15,000 that includes a $3,000 gain on the sale of plant assets. Why is this gain subtracted from net income in computing cash.

  Forecast mileage for next year using year moving average

Forecast the mileage for next year using a2-year moving average. Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 2,900miles.

  Prepare the journal entry to record payment

Prepare the April 1, 2012, journal entry for Prince Company - Prepare the journal entry to record this payment.

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd