Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. electro company budgets production of 610,000 elec

Electro Company budgets production of 610,000 electric panels in the second quarter and 680,000 electric...

60.1K

Verified Solution

Question

Accounting

Electro Company budgets production of 610,000 electric panels in the second quarter and 680,000 electric panels in the third quarter. Each panel requires 0.80 pound of direct materlal at a cost of $1.70 per pound. The company desires to end each quarter with an ending inventory of this material equal to 20% of next quarter's budgeted materials requirements. Beginning inventory of this material Is 97,600 pounds.
Prepare a direct materlals budget for the second quarter.
\table[[ELECTRO COMPANY,],[Direct Materials Budget,],[Units to produce,,Second Quarter],[,610,000,units],[Materials needed for production (pounds),,],[,,],[Total materials required,,],[,,],[Materials to purchase (pounds),,],[,,],[Cost of direct materials purchases,,]]
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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

DuPont identity.??For the firms in the popup? window, find the return on equity using the three...

Finance
Q

Steam flows steadily through an adiabatic turbine. The inlet conditions of the steam are 4 MPa, 500°C...

Mechanical Engineering
Q

In simplest radical form 64x X 5 8 A 8x y 5 8 B 32x...

Algebra
Q

Help c Regular nohagon 9 gon Read It

Algebra
Q

In addition to social media and other alternative forms of media, NomNom advertises its products...

Accounting
Q

Upon the recommendation of a physician, George has special windows installed in his personal residence....

Accounting
Q

1 points eBook Hint References Item 3 Item 3 1 points Main Street Distributors, a...

Accounting
Q

Use the following information for the Exercises below. [The following information applies to the questions...

Accounting
Q

Anjani works in Manitoba and her 2018 payroll totals are regular earnings of $55,000.00, regular...

Accounting
Q

correct answer please ...

Accounting
Q

During the year, X Company produced and sold 69,000 units of one of its products....

Accounting
Q

Select an agriculture firm of your own choice and discuss the following: i. Type of...

Finance