Projected sales for Tony Co. Ltd for next year and beginning and ending inventory data are as follows: Sales20,000 units Beginning Inventory1,000 units Targeted ending inventory5,000 units The selling price is $15 per unit.   Each unit requires 3 kilograms of material which costs $2 per kg.   The beginning inventory of raw materials is 3,000 kg.   The company wants to have 2,400 kg of material in inventory at the end of the year. According to the production budget, how many units should be produced?:Question 9Select one:a. 16,000b.20,000c.21,000d.24,000

Assume for a firm that budgeted production for July and August is 180 000 and 200 000 units respectively. It takes half a kilogram of direct material to make one unit of finished product. Materials inventory is maintained at 10 per cent of the next month's budgeted production needs. If the 30 June inventory of materials was 9000 kg, how many kilograms of direct material should be purchased during July?

A manufacturing firm is preparing its production budget for the year. Projected sales are as follows: Q1 Q2 Q3 Q4 Sales budget (units) 75 122 203 188 The firm's policy is to have finished goods inventory equal to 25% of next month's projected sales. The opening inventory in Q1 is 120 units. How many units need to be produced in Q3? (hint - you need to remember to calculate the opening inventory for Q3)

A manufacturer desires ending finished goods inventory of 5,000 units. Their budgeted unit sales are 20,000 units and beginning finished goods inventory is 3,000 units. The units to be produced isMultiple choice question.18,00022,00025,00030,000

During its first month of operations, a manufacturer incurs the following costs (in dollars) related to activities within its factory:Direct materials $15,000Direct labor $30,000Manufacturing overhead $40,000What amount should be reported as cost of goods sold on the income statement if 5,000 units are produced and 4,000 are sold? $56,000 $68,000 $70,000 $85,000

Fill in the Blank QuestionFill in the blank question.A manufacturing company has budgeted production of 5,000 units for May and 4,400 units in June. Each unit requires 3 pounds of materials at a cost of $10 per pound. On May 1, there are 2,750 pounds of materials on hand. The company desires an ending materials inventory of 60% of the next month's materials requirements. The total cost of direct materials purchases for May will be $.