The next quarter production needs for material, Accounting Basics

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The next quarter production needs for material

Prestwich Company has budgeted production for next year as follows: Quarter First Second Third Fourth Production in units 76,000 96,000 106,000 86,000 Two pounds of material A are required for each unit produced. The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 25% of the next quarter's production needs for material. A total of 38,000 pounds of material A are on hand to start the year. Budgeted purchases of material A for the second quarter would be.

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Accounting Basics: The next quarter production needs for material

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Accounting Basics: The next quarter production needs for material

Reference No:- TGS0674610

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Recent Questions Asked Accounting Basics

Q : Calculate cost of goods available for sale

Q : What amounts would be reported in the income statement

Q : Calculated using the simple costing system

Q : Declared a cash dividend per share

Q : The next quarter production needs for material

Q : What amount of sales will be necessary in order

Q : What should be the overall effect on the company

Q : The company net operating income

Q : Stetson expected to use the patent

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Ask an Expert for Answer!!

Accounting Basics: The next quarter production needs for material

Reference No:- TGS0674610

Recent Questions Asked Accounting Basics

Q : Calculate cost of goods available for sale

Q : What amounts would be reported in the income statement

Q : Calculated using the simple costing system

Q : Declared a cash dividend per share

Q : The next quarter production needs for material

Q : What amount of sales will be necessary in order

Q : What should be the overall effect on the company

Q : The company net operating income

Q : Stetson expected to use the patent

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