MULTIPLE CHOICE. Choose the one alternativ e that best completes the statement o

Question

MULTIPLE CHOICE. Choose the one alternativ e that best completes the statement or answers the question. 2) Beridze Manufacturing expects to produce 2400 units in January and 3700 units in February eis The . Beridze budgets $45 n determined to be per unit for direct materials. The amount of indirect materials needed for production has bee insignificant and will therefore not be considered in the calculation. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $37,250. Beridze desires the ending balance in Raw Materials Inventory to be 70% of the next month's direc February is $51,800. What is the cost of budgeted purchases of direct materials needed for Ja t materials needed for production Desired ending balance for nuary? A) $146,350 B) $187,300 C) $108,000 D) $224,550 ESSAY. Write your answer in the space provided or on a separate sheet of paper. 3) List the three sections of the cash budget for a merchandising company Losh reapts ash disbasements Anancin

Explanation / Answer

Correct answer is B

Next month sales 3700 Unit cost per direct material 45 Total february direct material used 166500 (3700*45) January Ending inventory 116550 (166500*70%) Material used in january 108000 (2400*45) Total material available for use 224550 Beginning inventory 37250 Purchase of direct material 187300

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