Zhang Industries budgets production of 300 units in June and 310 units in July. Each finished unit requires 4 pounds (lbs.) of raw material K, which costs $5 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The June 1 raw materials inventory has 360 pounds of raw material K. Compute the budgeted purchases for raw material K in pounds for June.
A. 880 lbs.
B. 1,220 lbs.
C. 1,240 lbs.
D. 1,200 lbs.
E. 1,212 lbs.
Answer: E
You might also like to view...
Which of the following adjusting entries would not be reversed in the following accounting period?
A) an entry that recognized an accrued expense of the current period B) an entry that allocated the expired portion of a long-lived asset to the current year's income statement C) an entry that transferred a portion of a revenue account to a liability account D) an entry that recognized an accrued revenue earned during the current period
The fraud triangle represents a geographic area in Southeast Asia where international fraud is prevalent
Indicate whether the statement is true or false
You can detect overly long sentences by reading your message out loud
Indicate whether the statement is true or false
When the economy is expanding too quickly and the Federal Reserve (Fed) wants to control future growth in the economy, the Fed will:
A. decrease the money supply. B. reduce the taxes levied on the public. C. increase the expenditure incurred on social benefits. D. purchase securities from the public. E. provide subsidies to the corporations.