Gap'o has projected sales of 650000 hospital gowns in october.each gown requires 2.5 yards of fabric. thebeginning inventory of fabric and gowns, respectively are 10000 yards and 42000 gowns. gap'o wants to have 9100 yards of fabric and 31600 gowns on hand at the end of october. the fabric comes in 15 yards bolts. if gap'o has no beginning or ending work in progress inventory, how many bolts of fabric must the company purchase in october?
Gap'o has projected sales of 650000 hospital gowns in october.each gown requires 2.5 yards of fabric. thebeginning inventory of fabric and gowns, respectively are 10000 yards and 42000 gowns. gap'o wants to have 9100 yards of fabric and 31600 gowns on hand at the end of october. the fabric comes in 15 yards bolts. if gap'o has no beginning or ending work in progress inventory, how many bolts of fabric must the company purchase in october?
Related questions
1. A sporting goods store purchased $9,450 worth of ski boots inOctober. The store had $4,050 of ski boots in inventory at thebeginning of October and expects to have $3,400 of ski boots ininventory at the end of October to cover part of anticipatedNovember sales. What is the budgeted cost of goods sold forOctober? A. 7450 B. 9450 C. 10100 D. 12850 E. 13500
2. Lingstat Company is trying to decide how many units ofmerchandise to order each month. The company's policy is to have20% of the next month's sales in inventory at the end of eachmonth. Projected sales for August, September, and October are10,500 units, 14,250 units, and 6,750 units, respectively. How manyunits must be purchased in September? A. 15600 B. 13500 C. 9000 D.12750 E. 15750 |
A company has beginning inventory of 42 units at a cost of$13.00 each on October 1. On October 5, it purchases 27 units at$14.00 per unit. On October 12 it purchases 37 units at $15.00 perunit. On October 15, it sells 81 units. Using the FIFO periodicinventory method, what is the value of the inventory at October 15after the sale? |
Outdoor Company manufactures camping tents from a lightweightsynthetic fabric. Each tent has a standard materials cost of $21,consisting of 4 yards of fabric at $5.25 per yard. The standardscall for 2 hours of assembly at $10 per hour. The following datawere recorded for October, the first month of operations :
| FABRIC PURCHASED | 9000 YARDS X $5.00 PER YARD |
| FABRIC USED IN PRODUCTION OF 1700 TENTS | 7000 YARDS |
| DIRECT LABOR USED | 3600 HOURS X $10.75 PER HOUR |
REQUIRED
A.) Compute all standard cost variances for material andlabor.
B.) Give one possible reason for each of the precedingvariances.
C.) Determine the standard variable cost of the 1700 tentsproduced, separated into direct materials and labor.
