Ask Question
BusinessBusiness
26 October, 22:04

Masterson Company's budgeted production calls for 66,000 units in April and 62,000 units in May of a key raw material that costs $1.60 per unit. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 19,800 unit. What is the budgeted materials needed in units for April?

+2
Answers (1)
  1. 26 October, 22:33
    0
    The budgeted materials needed in units for April is 64,800 units

    Explanation:

    In order to calculate the budgeted materials needed in units for April we would have to use the following formula:

    Budgeted Materials = Materials needed + ending inventory - beginning inventory available

    To calculate the ending inventory we would have to use the following formula:

    Ending inventory=0.3*Following month budgeted materials

    Ending inventory=0.3*62,000

    Ending inventory=18,600

    Therefore, Budgeted Materials = 66,000+18,600-19,800

    Budgeted Materials = 64,800 units

    The budgeted materials needed in units for April is 64,800 units
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Masterson Company's budgeted production calls for 66,000 units in April and 62,000 units in May of a key raw material that costs $1.60 per ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Durham offers to sell his pick-up truck to estelle for $1,500. estelle agrees. they complete and sign a printed form titled "contract," and estelle gives durham a check for the price. this check is
Answers (1)
In analyzing the financial statements of a company, a single item on the financial statementsa. should be reported in bold-face type. b. is more meaningful if compared to other financial information. c. is significant only if it is large. d.
Answers (2)
Among the following, which is the most important strategy for an underweight person who wishes to achieve a healthy body weight?
Answers (1)
Swifty Company had net credit sales during the year of $1450000 and cost of goods sold of $700000. The balance in accounts receivable at the beginning of the year was $200000, and the end of the year it was $90000.
Answers (1)
Management of Wee Ones (WO), an operator of day-care facilities, wants the company's profit to be subdivided by center.
Answers (1)
New Questions in Business
Which of the following statements is correct? Materials flow into an organization, are processed in some way and distributed to the consumer. All of the above are correct. The supply, production and distribution functions are part of a total system.
Answers (1)
Pharoah Company lends Concord industries $64800 on August 1, 2022, accepting a 9-month, 9% interest note.
Answers (1)
The balance sheet identifies the productive resources (assets) that a firm uses to generate income, as well as the sources of funding from creditors (liabilities) and owners (shareholders' equity) that were used to buy the assets. A) TrueB) False
Answers (1)
Raegan Sisemore said consumer protection laws for vehicles are applied when a car has which type of problem? Electronic problem Engine problem Aesthetic problem Reoccurring problem
Answers (1)
Products sold on alibabas website to foreign countries may be subject to taxes or
Answers (1)
Home » Business » Masterson Company's budgeted production calls for 66,000 units in April and 62,000 units in May of a key raw material that costs $1.60 per unit. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials.
Sign Up Forgot Password?