Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. croy inc has the following projected sales for the

Croy Inc has the following projected sales for the next five months Month Sales in...

50.1K

Verified Solution

Question

Accounting

image
image
Croy Inc has the following projected sales for the next five months Month Sales in Units April 3,580 May 3,935 June 4,640 July 4,125 August 3,980 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.40 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,758 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below. Required Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answers to the nearest whole number) April May June Budgeted Production (Units) Determine budgeted cost of materials purchased for April and May. (Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places.) April May Budgeted Cost of Material Purchased

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

A real estate agency is working to sell nine houses. This weekend, three agents are...

Advance Math
Q

A network of spinal nerves is a nerve O plexus O triad O system O...

Biology
Q

a parallel beam of green light of wavelength 546 nm passes through a slit of...

Physics
Q

A single card is drawn from a standard deck of cards Find the probability if...

Basic Math
Q

A die is rolled and a spinner like the one at the right is spun...

Basic Math
Q

On January 2,2021, the Jackson Company purchased equipment to be used in...

Accounting
Q

Comson stock-\$15 par value, 100, vee shares authorized, 50,600 shares issued and outstanding Paid-in capital...

Accounting
Q

Cross Country Movers has just gone public. Under a firm commitment agreement, the firm received...

Accounting
Q

Clara is setting up a retirement fund, and she plans on depositing $4,200 per year...

Accounting
Q

Consider the following information for Maynor Company, which uses a perpetual inventory system: ...

Accounting
Q

Determine the Direct and Indirect exchange rates of any two currencies on the two dates...

Accounting
Q

Which of the following spreadsheet functions will result in the correct answer for the below...

Finance