Top Posters
Since Sunday
5
k
4
c
4
M
3
t
3
i
3
B
3
k
3
m
3
c
3
o
3
l
3
New Topic  
18iq 18iq
wrote...
Posts: 147
Rep: 0 0
A year ago

Rokosz Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations:

  1. The budgeted selling price per unit is $104. Budgeted unit sales for October, November, December, and January are 6,900, 7,100, 11,300, and 15,300 units, respectively. All sales are on credit.
  2. Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month.
  3. The ending finished goods inventory equals 20% of the following month's sales.
  4. The ending raw materials inventory equals 30% of the following month’s raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.00 per pound.
  5. The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.5 direct labor-hours.

The budgeted required production for November is closest to:



▸ 7,940 units

▸ 10,780 units

▸ 9,360 units

▸ 7,100 units
Textbook 
Introduction to Managerial Accounting: Brewer Edition: 9e

Introduction to Managerial Accounting: Brewer Edition: 9e


Edition: 9th
Authors:
Read 163 times
2 Replies
Replies
Answer verified by a subject expert
sbe0921sbe0921
wrote...
Posts: 139
Rep: 0 0
A year ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Anonymous
wrote...
10 months ago
Help! The answer is missing an explanation...
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1002 People Browsing
Related Images
  
 4455
  
 618
  
 3897
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 820