Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. beckett industries manufactures stuff animals for

Beckett Industries manufactures stuff animals for children that requires three computer chips inside each toy....

80.2K

Verified Solution

Question

Accounting

Beckett Industries manufactures stuff animals for children that requires three computer chips inside each toy. Beckett industries pays $2 for each computer chip. Beckett industries has a policy that states that ending inventory of computer chips should be at least 15% of the following months production needs. The purchases are paid 30% in the month of purchase and the remaining 70% in the next month.
December 31st ending inventory was 2250.
The production schedule for the first three months of the year is as follows
Stuffed animals to be produced
January 5000
February 4400
March 4800
April 4200
Required
Prepare a purchase budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget.
Prepare a schedule of cash disbursements for materials purchases

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

7. In humans, ABO blood type is controlled by a single gene with 2 codominant alleles...

Biology
Q

Calculate the pH of each of the following solutions: a. 0.00184M H+ b. 6.23 x 10-4M HCl c....

Chemistry
Q

1) Define the sets X ={ 1, 2, 3} and Y = {4, 5, 6}....

Advance Math
Q

34 Two long and parallel straight wires A and B carrying currents of 4A and...

Physics
Q

Chan s new balance is 567 89 He made a payment of 123 45 He...

Basic Math
Q

Which of the following statements is a possible null hypothesis O The population mean is...

Statistics
Q

The Stevens Company provided $49,000 of services on account during 2014, its first year in...

Accounting
Q

charlie roberts owns charlies pets, a small retail shop selling pet supplies, on december 31,2018...

Accounting
Q

Year 3 Double Declining Method: Depreciation Expense=1944 Accumulated Depreciation=10584 Book Value=2916 ...

Accounting
Q

QUESTION 1 The normal balance for Sales is: . Debit e Credit QUESTION 2 Increase...

Accounting
Q

Question 9 1 pts You are short on money so you go to a "cash...

Finance
Q

Natcher Corporation's accounts receivable at the end of Year 2 was $136,000 and its accounts...

Accounting