Ask Question
8 May, 03:19

Magnolia, Inc., manufactures bedding sets. The budgeted production is for 17,700 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 4,870 yards with the desired ending balance of 5,400 yards of material. If the material costs $4.70 per yard, determine the materials budget for the year. $

+1
Answers (1)
  1. 8 May, 03:30
    0
    Calculation of materials budget for 2012

    Budgeted production units (A) 17,700

    Material Required per unit (Yards) (B) 7

    Total Material required (C) = A*B (Yards) 123,900

    Add: Desired Ending material inventory 5,400

    Less: Beginning Material inventory (4,870)

    Material to be purchased (Yards) 124,430

    Price Per yard $4.70

    Cost of Material to be purchased $584,821
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Magnolia, Inc., manufactures bedding sets. The budgeted production is for 17,700 comforters this year. Each comforter requires 7 yards of ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers