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Osage Inc.. has actual sales for June and July and forecast sales for August, September, October, and November as follows: Actual: June 4,150 units July 4,350 units Forecasted: August 4,200 units September 4,950 units October 3,900 units November 3,700 units Each unit of finished product requires 5 pounds of raw materials. The firm's policy is to have raw material inventory on hand at the end of each month that is equal to 80% of the next month's estimated usage. It is currently estimated that 13,000 pounds of raw materials will be on hand at the end of July. Calculate the number of pounds of raw materials to be purchased in each of the months of August and September.
Required: Show the necessary entries in the books of Wilz Ventures Plc.
The comparative financial statements prepared at December 31,2004, for Soon Company showed the following summarized data:
Flagstaff Department Store had net credit sales of $13,000,000 and cost of goods sold of $10,000,000 for the year. The average inventory for the year amounted to $2,500,000.
on november 1 wti agreed to do a special six-month course starting immediately for a client. the contract calls for a
the wood furniture company manufactures tables. in march the two production departments had budgeted allocation bases
Moston enterprises sells three chemicals petrol, septine and tridol. Petrols units contribution margin higher than the septine which is higer than tridons which one of the following events is most likely to decrease the company's overall break eve..
List the advantages and disadvantages of Public versus Private Financing.
Compute depreciation expense on the machine for the year ending December 31, 2010, and the year ending December 31, 2011, using the following methods. (Round all answers to 0 decimal places, i.e. 10,510.)
list and briefly describe four of the five differences between managerial accounting and financial
What accounting factors are important before determining whether a pending lawsuit should be accrued as a liability and reflected in the financial statements?
Discuss ideas for a new business in your community. Explain what is the new business will you provide and why your community is need of such a business.
The Rushing Construction Company obtained a construction ontract to build a highway and bridge over the Snake River It was estimated at the biginning of the contract that it would take three years to complete the project at an expected cost of $50..
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