The following budget information is provided for Gary Company Quarter...........
ID: 2472296 • Letter: T
Question
The following budget information is provided for Gary Company Quarter...........................1................2....................3
Production in units......23,000..........24,000.............21,000 Each finished unit requires 3 lbs of material.
The inventory of material at the end of each quarter should equal to 10% of the following quarter's production needs. How many pounds of material should be purchased for the second quarter? Select one: A. 71,100 lbs B. 75,000 lbs C. 72,000 lbs D. 74,400 lbs
Explanation / Answer
quarter 1 quarter 2 quarter 3 prod units 23000 24000 21000 material per unit 3 3 3 material units 69000 72000 63000 Add:closing units 7200 6300 0 Less:opening units 0 7200 6300 units to be purchased 71100 so option a is correct
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