Cost 4 - .10) = 63,200 Question 2 0 out of 0 points The...

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The Tobler Company had budgeted production for the year as follows: Quarter 1 2 3 4 Production in units 10,000 12,000 16,000 14,000 Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,000 lbs. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs in materials. Budgeted purchases of raw materials in the third quarter would be (in lbs.) Answer Selected Answer: 63,200 lbs. Correct Answer: 63,200 lbs. Response Feedback: 16,000 4 = 64,000; 64,000 + (14,000 4 .10) - (16,000 4
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Unformatted text preview: .10) = 63,200 Question 2 0 out of 0 points The Jack Company is preparing its cash budget for the month of June. The following information is available concerning its inventories: Inventories at beginning of June Estimated purchases for June Estimated cost of goods sold for June Estimated payments in June for purchases in May Estimated payments in June for purchases prior to May Estimated payments in June for purchases in June What are the estimated cash disbursements for inventories in June? Answer Selected Answer: $335,250. Correct Answer: $335,250. Response Feedback:...
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This note was uploaded on 12/09/2011 for the course COST ACCOU 101 taught by Professor Dennis during the Spring '11 term at Post.

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Cost 4 - .10) = 63,200 Question 2 0 out of 0 points The...

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