Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. abc company's budgeted sales for june, july, and a

ABC Company's budgeted sales for June, July, and August are 13,400,17,400, and 15,400 units, respectively....

50.1K

Verified Solution

Question

Accounting

ABC Company's budgeted sales for June, July, and August are 13,400,17,400, and 15,400 units, respectively. ABC requires 30% of the next month's budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 4,020 units. Each unit that ABC Company produces uses 3 pounds of raw material. ABC requires 25% of the next month's budgeted production as raw material inventory each month.
Required:
Calculate the number of pounds of raw material to be purchased in June.
Number of pounds
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

Q

1 Archaeologists recently discovered what appear to be the ruins of an ancient ceremonial temple...

Geometry
Q

Refer to the table to find the missing probability and then find the expected value...

Basic Math
Q

A rectangular box with no top is to have a surface area of 64 m2.  Find the...

Advance Math
Q

In 200 words State if you agree or disagree with the comments made about the answer...

Psychology
Q

Show that g(x) = 1/2sin(x-1) has a unique fixed point on the interval [-1,1] Estimate the number...

Advance Math
Q

Viral classification has changed over the years and while they are given genus names, the...

Biology
Q

Refer to the following scenario and diagram below to solve the following problems A ski...

Basic Math
Q

Mandrake is interested in evaluating the course s effectiveness in propagating safety in the laboratories...

Statistics
Q

\begin{tabular}{|c|c|c|} \hline \\ \hline Valdez Fashion & & \\ \hline \multicolumn{3}{|l|}{ 31-Dec-25 } \\ \hline...

Accounting
Q

Bam! Board Corporation is a company that manufactures and sells bodyboards. On 1/1/23, the company...

Accounting
Q

Foreign Bank Reporting-Who should report these bank accounts? What types of penalties are associated with...

Accounting
Q

Consider the following information about a risky portfolio that you manage and a risk-free asset:...

Finance