Masterson Company's budgeted production calls for 66,000 units in April and 62,000 units in May of a key raw material that costs $1.60 per unit. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The April 1 inventory for this material is 19,800 unit. What is the budgeted materials needed in units for April?

Answers

Answer 1

Answer:

The budgeted materials needed in units for April is 64,800 units

Explanation:

In order to calculate the budgeted materials needed in units for April we would have to use the following formula:

Budgeted Materials =Materials needed +ending inventory −beginning inventory available

To calculate the ending inventory we would have to use the following formula:

Ending inventory=0.3×Following month budgeted materials

Ending inventory=0.3×62,000

Ending inventory=18,600

Therefore, Budgeted Materials =66,000+18,600−19,800

Budgeted Materials= 64,800 units

The budgeted materials needed in units for April is 64,800 units

Answer 2

The budgeted materials needed in units for April are 64,800 units.

To determine the budgeted materials needed in units for April for Masterson Company, we need to calculate the raw materials required for production and the desired ending inventory for April. Here's a step-by-step breakdown:

1. Calculate the desired ending inventory for April:

  - May's budgeted production: 62,000 units

  - Desired ending inventory for April (30% of May's production):

    [tex]\[ \text{Ending inventory for April} = 0.30 \times 62,000 = 18,600 \text{ units} \][/tex]

2. Calculate the total raw materials required for April:

  - April's budgeted production: 66,000 units

  - Beginning inventory for April: 19,800 units

3. Formula to calculate the budgeted raw materials needed:

[tex]\[ \text{Materials needed for production} + \text{Desired ending inventory} - \text{Beginning inventory} = \text{Budgeted materials needed} \][/tex]

  - Materials needed for production in April: 66,000 units

  - Desired ending inventory for April: 18,600 units

  - Beginning inventory for April: 19,800 units

4. Plug the values into the formula:

 [tex]\[ \text{Budgeted materials needed} = 66,000 + 18,600 - 19,800 \][/tex]

5. Calculate the result:

[tex]\[ \text{Budgeted materials needed} = 66,000 + 18,600 - 19,800 = 64,800 \text{ units} \][/tex]


Related Questions

Alpha Division had the following information: Average operating asset base in Alpha Division $500,000 Operating income in Alpha Division $60,000 Cost of capital 14% Target return on investment (ROI) 16% Margin for Alpha Division 21% If the asset base is decreased by $120,000, with no other changes, what will Alpha Division's return on investment be? (Note: Round answer to two decimal places.)

Answers

Answer:

15.79%

Explanation:

The computation of the return on investment is shown below:

Return on investment  = Operating Income ÷  New operating asset base

where,

Operating income is $60,000

And, the new operating asset is

= $500,000 - $120,000

= $380,000

So, the return on investment is

= $60,000 ÷ $380,000

= 15.79%

By dividing the operating income from the new operating asset base we can get the return on investment

4.1 Measuring Interest Rates 1) The concept of ________ is based on the common-sense notion that a dollar paid to you in the future is less valuable to you than a dollar today. A) present value B) future value C) interest D) deflation

Answers

Answer:

The correct answer is letter "A": present value.

Explanation:

The Present Value of Money concept states that it is better to have a dollar today than a dollar tomorrow. This happens because having money today implies it can be deposited in a bank account to benefit from the interest rate or invest it so at a certain point in time the same amount of money will have a higher value.

Having the money available tomorrow may not provide the same returns as if the started to be invested yesterday.

A 100,000 loan is being repaid in 360 monthly installments at a 9% nominal annual interest rate compounded monthly. The first payment is due at the end of the first month. Determine which payment is the first where the amount of principal repaid exceeds the amount of interest paid.

Answers

Answer:

The payment after 1 year will be

F=P(1+i)^n

n=1 year

P=100,000

F=100000(1+0.09)

F=109000 after 1 year

interest=9/100*100000=90000

exceeded payment=109000-90000=19000

Answer: The 269th

Explanation:

payment= 100000×(9%/12)/(1-1/(1+9%/12)^360)

=804.6226169

Note that,

payment equal to the sum of principal and interest.

Payment= Principal + interest.

principal>interest

payment - interest >interest

interest<payment/2

Therefore,

Interest <804.6226169/2

Interest<402.3113085

The oustanding loan at the beginning of the month<402.3113085 × 12/9%

The loan oustanding at the beginning of the month < 53641.5078

So, the first month will be month after the month where loan oustanding after the monthly payment is less than 53641.5078

Time taken for the balance to reach less than 53641.5078 is NPER(9%/12,-804.6226169,100000,-53641.5078)=267.234234 or 268 months

Hence, first month is 268+1=269

Ninety-eight homeowners brought action seeking to enjoin as a nuisance the construction and operation of a ready-mix concrete plan on property adjacent to a residential area. Plaintiffs live southwest, west and east across the highway from the plant. The plant is bounded immediately on the north and south by other business concerns. The trial court found for the plaintiffs.


Did the defendant's operation of a concrete plant in an area zoned for light to general industrial use constitute a nuisance?


Why?

Answers

Answer:

The spirit of personal irritation is associate intervention with the utilization and pleasure of land. So long because the intervention is considerable and unreasoning, and love would be aggressive or problematic to the conventional individual, nearly any disruption to the satisfaction of property could quantity to a nuisance.

Final answer:

Whether the operation of a concrete plant constitutes a nuisance depends on several factors such as the extent of interference and zoning laws. Similar principles were applied in the Grayned v. City of Rockford case, which upheld an ordinance as constitutional. Zoning regulations must be reasonable and related to public welfare.

Explanation:

The operation of a ready-mix concrete plant adjacent to a residential area, even in a zone designated for light to general industrial use, may constitute a nuisance if it significantly interferes with homeowners' use and enjoyment of their property. Courts generally assess whether such an operation is a nuisance by considering factors such as the type and degree of interference, the character of the neighborhood, and the plant's operation's compliance with existing regulations.

In a similar vein, the Grayned v. City of Rockford case held that an ordinance prohibiting disturbances near a school was constitutional because it was narrowly tailored to serve a significant government interest and did not restrict more speech than necessary.

In assessing environmental justice and nuisances, it's also important to consider the principle of 'Not In My Back Yard' (NIMBY), community responses to undesirable facilities, and the impacts of zoning regulations. For instance, land-use and zoning regulations are limited and must be reasonable, bearing substantial relation to the public welfare without being arbitrary.

________ refer to the marketing communications element that involves company-sponsored activities and programs designed to create daily or special brand-related interactions with consumers. A. Advertisements B. Publicity campaigns C. Events and experiences D. Trade promotions

Answers

Answer:

Option "A" is correct.

Explanation:

Advertisements is the only correct answer in the context of Marketing Communication. Thank you.

Answer:

Events and experiences

Explanation:

Marketing communications can be defined as the different methods and approach that is employed by various companies to persuade potential customers to purchase their products.

Marketing communications helps to obtain new set of customers for businesses by building a great sense of awareness and encouraging the customers to test out the product.

A lot of different organisations sponsor variety of events such as sports, entertainment, with the sole purpose of strengthening their brand in the minds of the potential customers and also to create a long term association with the customers.

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