Hongse Co. makes paper lanterns. Each lantern requires 1.4 pints of dye to complete. The company...

Hongse Co. makes paper lanterns. Each lantern requires 1.4 pints of dye to complete. The company is now planning raw materials needs for the third quarter. To keep production and sales moving smoothly, the company requires that the raw materials on hand at the end of each month must equal 50% of the following month’s production needs for raw materials. At the beginning of July, there were 10,150 pints of dye on hand. Budgeted sales and production targets are provided for July and August:

	July	August
Sales (in units):	11,600	17,400
Production requirments (in units):	14,500	21,750

How much dye should be purchased in July?

Multiple Choice

18,270 pints
25,375 pints
15,225 pints
35,525 pints

Solutions

Expert Solution

ekkarill92 answered 2 years ago

Next > < Previous

Related Solutions

Complete the below table to calculate the price of a $1.4 million bond issue under each...

Complete the below table to calculate the price of a $1.4 million bond issue under each of the following independent assumptions (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.): 1. Maturity 15 years, interest paid annually, stated rate 10%, effective (market) rate 12% 2. Maturity 15 years, interest paid semiannually, stated rate 10%, effective (market) rate 12% 3. Maturity 5 years, interest...

The Twisty Tie Dye Co. was formed and began operations in September 2017. The company sells...

The Twisty Tie Dye Co. was formed and began operations in September 2017. The company sells one product; a fabulous, ultra soft plush poncho handmade from French cotton terry. All of the Twisty Tie Dye Co. sales are on account. Sixty percent of the credit sales are collected in the month of sale, 25% in the month following sale, and 10% in the second month following sale. The remainder are uncollectible. The following are budgeted sales data for the company...

A certain company makes two products: P₁ and P₂ . Each P₁ requires 5 kg of...

A certain company makes two products: P₁ and P₂ . Each P₁ requires 5 kg of material M and 3 kg of matetrial N. Each P₂ requires 3 kg of M and 3 kg of N. In the warehouse, there are 350 kg of M and 270 kg of N available. The profit is $50 for each P₁ and $40 for each P₂. What mis of P₁ and P₂ products should the company make and sell in order to maximize...

Task 2 requires you to accurately complete the activities described in each question. Complete the answers...

Task 2 requires you to accurately complete the activities described in each question. Complete the answers in your own Excel document, putting your name at the top along with the Task and Task letter appropriate to each answer and submit below for your Assessor. a) Make the Journal entry to record the sale of merchandise that cost $6,000, for $10,000 cash. b) Record journal entries for the following transactions. Purchased office furniture for $3,200, agreed to pay the entire amount...

On April 1, Pane makes a credit sale to Gane Co. and requires Gane to sign...

On April 1, Pane makes a credit sale to Gane Co. and requires Gane to sign a $50,000, 2-year (24-month) note. Interest of 12% is to be assessed in addition to the face value of the note and collected at maturity. The cost of the inventory sold totals $38,000. On May 1, Pane sells $30,000 of stained windows with terms 2/10, n/30. The cost of the inventory equals $19,000 and the company uses a perpetual inventory system. Pane records the...

Variances Our company makes children’s tables. Standards: For each table it requires 7 pounds of plastic...

Variances Our company makes children’s tables. Standards: For each table it requires 7 pounds of plastic each and takes 1.5 hours of DL. The standard cost of plastic is $3 per pound. Our standard labor rate is $12 per hour and our variable overhead rate is $1.50 per hour. Actuals: This month we made 2,000 tables. We purchased 20,000 pounds of plastic for $65,000. We used 15,700 pounds of plastic to make these tables. We paid our employees $36,800 to...

Cloverton Glass Company makes stained glass lamps. Each lamp that it sells for $128 requires $20...

Cloverton Glass Company makes stained glass lamps. Each lamp that it sells for $128 requires $20 of direct materials and $32 of direct labor. Fixed overhead costs are expected to be $72,000 per year. Cloverton Glass expects to sell 1,000 lamps during the coming year. Selling and administrative expenses were zero. Required: Prepare income statements using absorption costing, assuming that Cloverton Glass makes 1,000, 1,250, and 1,500 lamps during the year. Prepare income statements using variable costing, assuming that Cloverton...

The Company makes plain jobs and fancy jobs. Each plain job requires $100 of direct materials,...

The Company makes plain jobs and fancy jobs. Each plain job requires $100 of direct materials, $150 of direct labor, and 4 machine hours. Each fancy job requires $200 of direct materials, $300 of direct labor, and 7 machine hours. The company has $450,000 of total overhead for the year. Currently, the company charges all of the overhead to jobs based on machine hours. During the year, there are 2,000 plain jobs and 1,000 fancy jobs. Using this simplified cost...

Dodd Company makes and sells a single product. Each finished unit requires four pounds of direct...

Dodd Company makes and sells a single product. Each finished unit requires four pounds of direct materials. The budgeted units to be produced for the third quarter of the current year are given below: Budgeted Units to be Produced July 26,000 units August 21,000 units September 33,000 units The company wants to maintain monthly ending inventories of direct materials equal to 35% of the next month's production needs. The cost of the direct materials is $1.75 per pound. Calculate the...

To complete this assignment address each of the following in your paper: Describe the physical, social,...

To complete this assignment address each of the following in your paper: Describe the physical, social, and cognitive changes that occur in middle adulthood for men. Describe the physical, social, and cognitive changes that occur in middle adulthood for women. Describe the psychosocial stage: generativity versus stagnation. Describe how physical, social, and cognitive changes can impact this psychosocial stage. Identify the challenges of the sandwich generation. Provide recommendations 3 to 4 recommendations for someone currently in the sandwich generation. Describe...

Subjects