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Author Question: Wallace Company provides the following data for next year: MonthBudgeted ... (Read 11 times)

ARLKQ

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on: Mar 6, 2021

Question 1

To prepare the direct materials labor costs budget, which of the following budget must be prepared first?
◦ direct material purchase budget
◦ production budget
◦ direct material usage budget
◦ budgeted manufacturing overhead

Question 2

Wallace Company provides the following data for next year:

MonthBudgeted Sales
January$120,000
February108,000
March140,000
April147,000

The gross profit rate is 35% of sales. Inventory at the end of December is $29,600 and target ending inventory levels are 10% of next month's sales, stated at cost.

What is the amount of purchases budgeted for January?
◦ $70,980
◦ $55,420
◦ $78,000
◦ $85,020
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by ARLKQ on Mar 6, 2021

mceravolo

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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ARLKQ

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Reply 2 on: Mar 6, 2021
Great answer, keep it coming :)

Dinolord

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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