(Answered) Production and purchases budgets pelican co is forecasting

Accounting

Production and purchases budgets Pelican Co. is forecasting sales of 40,300units of product for October. To make one unit of finished product, 10 pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:

	October 1	October 31
	(Actual)	(Desired)
Raw materials (pounds)	48,550	44,300
Finished goods (units)	3,850	5,400

Required:

a. Calculate the number of units of product to be produced during October.

b. Calculate the number of pounds of raw materials to be purchased during October.

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91052675
Price:- $20

Verified Expert

Priced at $40 Now at $20, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - explain legislation and statutory requirements

Question - Explain legislation and statutory requirements and industry codes of practice including(Australia): Consumer credit code Privacy act Credit act Financial transaction reports act Corporations act (including acc ...

Question - ross company had the following inventory at the

Question - Ross Company had the following inventory at the end of the year: Quantity Unit Price Cost Market Valves: Model Q 180 $11 $9 Model R 150 10 12 Model S 120 7 9 Gaskets: Model Alpha 60 100 105 Model ...

Question - douglas bonds mature in 10 years and have an

Question - Douglas bonds mature in 10 years and have an annual coupon rate of 10.5 percent with semiannual payments. The $1,000 par value bond currently trades at $1,105 in the market. Compute the annual yield to maturit ...

Question - the social security administration increased the

Question - The Social Security Administration increased the taxable wage base from $118,300 to $120,100. The 6.2% tax rate is unchanged. Joe Burns earned over $120,000 each of the past two years. a. What is the percent i ...

Assignment - all workings when appropriate must be shown to

Assignment - All workings, when appropriate, must be shown to substantiate your answers. Question 1 - Consolidation: Non-controlling interests Pepsi Ltd acquired 80% of the shares of Soda Ltd on 1 July 2015 for $115 000. ...

Question - at the beginning of the school year priscilla

Question - At the beginning of the school year, Priscilla Wescott decided to prepare a cash budget for the months of September, October, November, and December. The budget must plan for enough cash on December 31 to pay ...

Question - barbara whitley had great expectations about her

Question - Barbara Whitley had great expectations about her future as she sat in her graduation ceremony in May 2010. She was about to receive her Master of Accountancy degree, and next week she would begin her career on ...

Question - pickle incorporated acquired a 10000 bond

Question - Pickle Incorporated acquired a $10,000 bond originally issued by its 80%-owned subsidiary on January 2, 2013. The bond was issued in a prior year for $11,250, matures January 1, 2018, and pays 9% interest at D ...

Question - els an s corporation reported a business loss of

Question - ELS, an S corporation, reported a business loss of $1,000,000. Ethan, ELS's sole shareholder, is involved in ELS's daily business activities and he reports $1,200,000 of taxable income from sources other than ...

Question - machine b the recorded cost of this machine was

Question - Machine B: The recorded cost of this machine was $201,600. Evers estimates that the useful life of the machine is 4 years with a $11,500 salvage value remaining at the end of that time period. Calculate the am ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert