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Question
Addams, Inc., is preparing its master budget for the second quarter. The following sales and production data have been forecasted:| April | May | June | July | August | |
| Unit sales "u00a6"u00a6 | 400 | 500 | 520 | 480 | 540 |
Finished goods inventory on March 31: 120 units
Raw materials inventory on March 31: 450 pounds
Desired ending inventory each month:
Finished goods: 30% of next month's sales
Raw materials: 25% of next month's production needs
Number of pounds of raw material required per finished unit: 4 lbs.
How many pounds of raw materials should be purchased in April?
Answer
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Direct labor X X
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Variable manufacturing overhead
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Direct materials
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Match the following
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Q:
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Given the Cool Pools Company data, what is net income using absorption costing?
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Given the Galaxy, Inc. data, what is net income using absorption costing?
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