Alliance Company budgets production of 33,000 units in January and 37,000 units in February. Each finished unit requires 4 pound of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 46,200 pounds. What is the budgeted materials cost for January? -$330,000 -$459,500 -$344,000 -$214,500 -$245,000

Alliance Company budgets production of 33,000 units in January and 37,000 units in February. Each finished unit requires 4 pound of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 46,200 pounds. What is the budgeted materials cost for January? -$330,000 -$459,500 -$344,000 -$214,500 -$245,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 5EA: Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700...

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