1

D) $1,121,100 Luchini Corporation makes one product and it provided the following information to help prepare the...

Question

D) $1,121,100 Luchini Corporation makes one product and it provided the following information to help prepare the...

D) $1,121,100 Luchini Corporation makes one product and it provided the following information to help prepare the master budg
If the budgeted cost of raw materials purchases in April is $207,650 and in May is $282,625, then in May the total budgeted c
The estimated finished goods inventory balance at the end of May is closest to: (Round your intermediate calculations to 2 de
D) $1,121,100 Luchini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: eled selling price per unit is $111. Budgeted unit sales for April, May, June, and ,300, and 14,000 units, respectively. All sales are on credit. 2 credit sales, 40% are collected in the month of the sale and 60% in the following a. The budgeted selling price per unit July are 7,100, 10,100, 13,300, and 14,000 units, respectively. b. Regarding credit sales, 40% are ce month. ending finished goods inventory equals 10% of the following month's sales. d. The ending raw materials inventory equ ending raw materials inventory equals 30% of the following month's raw materiais production needs. Each unit of finished goods requires 5 pounds of raw na materials cost $5.00 per pound. e. Regarding raw materials purchases, 40% are paid for in the month of purchase the following month. ect labor wage rate is $18.00 per hour. Each unit of finished goods requires 2.9 dire labor-hours. g. Variable manufacturing overhead is $7.00 per direct labor-hour. Fixed manufacturing overhead is zero. shed goods requires 5 pounds of raw materials. The raw 0% are paid for in the month of purchase and 60% in IT 60,850 pounds of raw materials are required for production in June, then the budgeted law material purchases for May is closest to: A) 52,100 pounds B) 72,155 pounds C) 87,785 pounds D) 56,525 pounds
If the budgeted cost of raw materials purchases in April is $207,650 and in May is $282,625, then in May the total budgeted cash disbursements for raw materials purchases is closest to: A) $124,590 B) $237,640 C) $169,575 D) $113,050
The estimated finished goods inventory balance at the end of May is closest to: (Round your intermediate calculations to 2 decimal places.) A) $102,676 B) $111,986 C) $26,999 D) $129,675 I following information to help

Answers

working Note: Calculation of units to be produced: April May June July units sold 7100 10,100 13,300 14,000 closing stock 101® Budgeted cash disbursements - May: $113050 40% paid in the month of purchase ($ 2.82,625 X 40%) 3 60% of payment to be made


Similar Solved Questions

1 answers
How do you evaluate #(6000)^(2/3)#?
How do you evaluate #(6000)^(2/3)#?...
1 answers
Please show work and explain 2. Gizmo, Inc. is a diversified multinational manufacturer. The CEO is...
Please show work and explain 2. Gizmo, Inc. is a diversified multinational manufacturer. The CEO is considering outsourcing the marketing research function to a global consulting firm. The consulting firm would charge a fixed annual fee of $1,300,000. At present, the costs of operating the marke...
1 answers
When 59.8 g of calcium is reacted with nitrogen gas, 25.6 g of calcium nitride is...
When 59.8 g of calcium is reacted with nitrogen gas, 25.6 g of calcium nitride is produced. What is the percent yield of calcium nitride for this reaction? 3Ca(s)+N2(g)→Ca3N2(s)...
1 answers
Suppose that in 2016, the CPI for energy rose from 183.4 to 193.3 while the CPI...
Suppose that in 2016, the CPI for energy rose from 183.4 to 193.3 while the CPI for all items rose from 236.5 to 241.4. As a result the inflation rate for energy is lower than the overall inflation rate in 2016. Select one: True False For any given year, the CPI is the price of the basket of goods a...
1 answers
What is the molarity of a solution containing 4.0 moles of NaOH in 2.0 L of solution?
What is the molarity of a solution containing 4.0 moles of NaOH in 2.0 L of solution?...
1 answers
Suppose Kristen is researching failures in the restait business. In the city where she lives, the...
Suppose Kristen is researching failures in the restait business. In the city where she lives, the probability that an independent restaurant will fail in the first year is 43%. She obtains a random sample of 66 independent restaurants that opened in her city more than one year ago and determines if ...
1 answers
Check my work Required information The following information applies to the questions displayed below) A company...
Check my work Required information The following information applies to the questions displayed below) A company makes the payment of a one-year insurance premium of $3,144 on March 1, 2019. C. Calculate the amount of prepaid insurance that should be reported on the December 31, 2019, balance sheet ...
1 answers
Part A: 1.83 g H2 is allowed to react with 10.2 g N2, producing 1.00 g...
Part A: 1.83 g H2 is allowed to react with 10.2 g N2, producing 1.00 g NH3. What is the theoretical yield in grams for this reaction under the given conditions? What is the percent yield for this reaction under the given conditions?...
1 answers
A #4.62*L# volume of dinitrogen gas, is mixed with a #15*L# volume of dihydrogen gas. Which is the limiting reagent in ammonia synthesis...?
A #4.62*L# volume of dinitrogen gas, is mixed with a #15*L# volume of dihydrogen gas. Which is the limiting reagent in ammonia synthesis...?...
1 answers
Compare the resonance structures of meta and para position cyclohexadienyl cation with the calculated charge distribution...
Compare the resonance structures of meta and para position cyclohexadienyl cation with the calculated charge distribution from PM3 calculations for each ion by explaining the ways in which they are consistent....
1 answers
Whenever energy is transformed, there is always an increases in the free energy of the system....
Whenever energy is transformed, there is always an increases in the free energy of the system. Free energy of the universe. Entropy of the system. Entropy of the universe enthalpy of the universe. Reactants capable of interacting to form products in a chemical reaction must first overcome a thermody...
1 answers
Ch5 C1 C2 P1 P2 < Question 3 (of 5) 5.00 points Using your accounting knowledge,...
Ch5 C1 C2 P1 P2 < Question 3 (of 5) 5.00 points Using your accounting knowledge, find the missing amounts in the following separate income statements a through e. (Amounts in parentheses do not require a minus sign in front of them. Input all amounts as positive values. Omit the "S" sign ...
1 answers
12. What (two things) must be considered when assessing the danger of a particular acidic solution?...
12. What (two things) must be considered when assessing the danger of a particular acidic solution? ii)...
1 answers
Tennis champion Maria Sharapova is capable of serving a tennis ball at 126 mph. What average...
Tennis champion Maria Sharapova is capable of serving a tennis ball at 126 mph. What average force would an opponent's racquet have to exert in order to return her 126-mph serve at a speed of 55.9 mph, assuming that the opponent's racquet is also in contact with the ball for 0.277 s....
1 answers
Please write clearly and no cursive THANKS In Lesson Five you've learned the basics of probability...
Please write clearly and no cursive THANKS In Lesson Five you've learned the basics of probability theory and how to calculate probabilities of outcomes in various circumstances. Provide a real-world example of classical probability and explain how the example illustrates the concept. (3 points...
1 answers
Kluth C beginning of the year to calculate predetermined overhead rates: tion has two manufacturing departments-Molding...
Kluth C beginning of the year to calculate predetermined overhead rates: tion has two manufacturing departments-Molding and Customizlng. The company used the following data at the 6,000 $15,000 1,200 7,200 Estimated total fixed manufacturing overhead cost $ 2.50 5.00 During the most recent month, th...

-- 0.011008--