Business, 18.11.2019 18:31 lexus1427

The production department of zan corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year:

1st quarter 2nd quarter 3rd quarter 4th quarter
units to be produced 19,000 22,000 21,000 20,000
in addition, 33,250 grams of raw materials inventory is on hand at the start of the 1st quarter and the beginning accounts payable for the 1st quarter is $7,600.

each unit requires 7 grams of raw material that costs $1.60 per gram. management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter’s production needs. the desired ending inventory for the 4th quarter is 6,000 grams. management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. each unit requires 0.20 direct labor-hours and direct laborers are paid $15.50 per hour.

required:
1-a.
prepare the company’s direct materials budget for the upcoming fiscal year. (round "unit cost of raw materials" answers to 2 decimal places.)

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 09:00

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

Answers: 1

Answer

Business, 22.06.2019 09:00

How does the plaintiff, mrs. wood, try to implicate the gun manufacturer ( who testifies, what do they say, what evidence is introduced)?

Answers: 2

Answer

Business, 22.06.2019 13:10

Trey morgan is an employee who is paid monthly. for the month of january of the current year, he earned a total of $4,538. the fica tax for social security is 6.2% of the first $118,500 earned each calendar year, and the fica tax rate for medicare is 1.45% of all earnings for both the employee and the employer. the amount of federal income tax withheld from his earnings was $680.70. his net pay for the month is .

Answers: 1

Answer

Business, 22.06.2019 13:40

Salge inc. bases its manufacturing overhead budget on budgeted direct labor-hours. the variable overhead rate is $8.10 per direct labor-hour. the company's budgeted fixed manufacturing overhead is $74,730 per month, which includes depreciation of $20,670. all other fixed manufacturing overhead costs represent current cash flows. the direct labor budget indicates that 5,300 direct labor-hours will be required in september. the company recomputes its predetermined overhead rate every month. the predetermined overhead rate for september should be:

Answers: 3

Answer

You know the right answer?

The production department of zan corporation has submitted the following forecast of units to be pro...

Questions