Asked by Jonathan Richardson on Jul 08, 2024
Verified
The total cost of Jurislon to be purchased in August is:
A) $1,839,600
B) $1,014,300
C) $1,208,700
D) $1,017,000
Total Cost
The aggregate amount of money spent on or required for goods or services, including direct and indirect costs.
- Ascertain the forecasted selling and administrative expenditures.
Verified Answer
SS
Sunil SunkariJul 10, 2024
Final Answer :
B
Explanation :
Reference: CH08-Ref20
Coles Corporation, Inc.makes and sells a single product, Product R.Three yards of Material K are needed to make one unit of Product R.Budgeted production of Product R for the next five months is as follows: The company wants to maintain monthly ending inventories of Material K equal to 20% of the following month's production needs.On July 31, this requirement was not met since only 2,500 yards of Material K were on hand.The cost of Material K is $0.85 per yard.The company wants to prepare a Direct Materials Purchase Budget for the rest of the year.
Coles Corporation, Inc.makes and sells a single product, Product R.Three yards of Material K are needed to make one unit of Product R.Budgeted production of Product R for the next five months is as follows: The company wants to maintain monthly ending inventories of Material K equal to 20% of the following month's production needs.On July 31, this requirement was not met since only 2,500 yards of Material K were on hand.The cost of Material K is $0.85 per yard.The company wants to prepare a Direct Materials Purchase Budget for the rest of the year.
Learning Objectives
- Ascertain the forecasted selling and administrative expenditures.
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