Saved Help Save & Exit Subm MC Qu. 154 Zhang Industries budgets production... Zh

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Saved Help Save & Exit Subm MC Qu. 154 Zhang Industries budgets production... Zhang Industries budgets production of 300 units in June and 310 units in July. Each finished unit requires 5 pounds (lbs) of raw material K which costs $6 per pound. Each month's ending inventory of raw materials s The June 1 raw materials inventory has 450 pounds of raw material K. Compute budgeted purchases for hould be 30% of the following month's budgeted production. raw material K in pounds for June. 48:27 Multiple Choice 1,500 lbs. 1,550 lbs. )1,515 lbs

Explanation / Answer

Ans 1515 lbs

JUNE JULY PRODUCTION (IN UNITS) 300 310 MATERIAL K REQUIREMENT @ 5 per units 1500 1550 JUNE MATERIAL K STATEMENT (Lbs) PRODUCTION 1500 ADD CLOSING 465 (30% of 1550) LESS OPENING 450 (Given) PURCHASE 1515

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