Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the budget components for marigold company for the

The budget components for Marigold Company for the quarter ended June 30 appear...

80.2K

Verified Solution

Question

Accounting

The budget components for Marigold Company for the quarter ended June 30 appear below. Marigold sells high performance coolers for $120 each. Budgeted sales and production for the next three months are:
\table[[,Sales,Production],[April,21,700 units,26,300 units],[May,50,000 units,45,300 units],[June,31,300 units,28,500 units]]
Marigold desires to have coolers on hand at the end of each month equal to 20 percent of the following month's budgeted sales in units. On March 31, Marigold had 4,340 completed units on hand. Five pounds of plastic are required for each cooler. At the end of each month, Marigold desires to have 10 percent of the following month's production material needs on hand. At March 31, Marigold had 13,150 pounds of plastic on hand. The materials used in production cost $0.55 per pound. The production of each cooler requires 0.10 hours of direct labor.
Determine the budgeted cost of direct materials purchases for the month of April.
Budgeted cost of direct materials purchases for April $
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Basic Math
1.2K views

b Write the decimal in expanded form 2 88 2 8 10 8 1000 8...

Physics
1.2K views

3 A beam of electromagnetic radiation of intensity 6 4 x 10 5 W cm...

Physics
1.2K views

An 0 010 kg bullet is fired down the barrel of a gun which is...

Basic Math
1.2K views

A nurse hangs a 1000 milliliter IV bag which is set to drip at 125...

Statistics
1.2K views

A researcher would like to estimate the mean weight of all adult female American alligators...

Calculus
1.2K views

Considery + In(xy) = 2Determine the equation of the tangent line at (e, 1). Report...

Calculus
1.2K views

Stan lim 7 sin x x 0 em Choose the correct answer below and if...

Algebra
1.2K views

Suppose you have been given the following set of data representing the test scores of...

Accounting
1.2K views

On which financial statement will you find the following accounts? Clear...

Accounting
1.2K views

For Pharoah Corporation, year-end plan assets were $2,000,000. At the beginning of the year, plan...

Accounting
1.2K views

Bristol Retail Group begins the year with inventory of $50,000 and ends the year with...

Accounting
1.2K views

Bailey Corporation uses the double declining balance method of depreciation. For the fiscal year ending...