Answers
1.
January | |
Budgeted production | 30000 |
Raw material per unit (pound) | 3 |
Total material required for Budgeted production | 90000 |
Add: Ending inventory required (34000*3*35%) | 35700 |
Less: Beginning inventory | (31500) |
Budgeted material needed in pounds in January | 94,200 |
2.
September | |
Cash sales (112000*25%) | $28,000 |
Add: Cash received from august sales (102000*75%) | 76,500 |
Cash expected to be received from customers in September | $104,500 |
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