Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. fuson corporation makes one product and has provid

Fuson Corporation makes one product and has provided the following information to help prepare the...

80.2K

Verified Solution

Question

Accounting

image
image
Fuson Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credit sales are collected: 30% in the month of the sale 70% in the following month Raw materials purchases are poid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 10\% of the following month's sales, The ending raw materials inventory should equal 10\% of the following month's raw materials production needs. If the budgeted cost of raw materials putchases in October is $116,772 and in November is $129120, then in November the total budgeted cash disbursements for raw materials purchases is closest to: Multiple Choice 581740 590,384 Multiple Choice $81,740 $90,384 $38,736 $120,476

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

In order for fertilization to occur, we need haploid spermatozoa's and a haploid ovum. Describe (in...

Medical Sciences
Q

You are to design a thin lens for eyeglasses that will have a focal length of...

Physics
Q

Explain briefly the term ‘Ergonomics’ and why it is important in the implementation of Occupational Safety...

Mechanical Engineering
Q

3. Under the JCT Standard Building Contract, 2016 edition, the parties have to complete and sign...

General Management
Q

Illustrative Example: Retailer Ltd: Preparation of financial statements Retailer Ltd, recorded the following transactions during the year: Rm Sales :57,959 Other...

Accounting
Q

A E LU C B The area of rhombus ABCD is 120 square units AE...

Geometry
Q

What is the sum of all of the terms from the 10th term through the...

Basic Math
Q

The city planning commission is looking to put in sidewalks where the three medians of...

Basic Math
Q

10 8 2 figure above shows the plot of the points 1 4 2 1...

Algebra
Q

6 Scientists use the following formula when examining skeletal remains H 66 4 2 26...

Algebra
Q

Complete page 1 of Form 1040 (through line 9) for Ken. Ken...

Accounting
Q

Current Attempt in Progress Sheridan Hardware reported cost of goods sold as follows. Beginning inventory...

Accounting