Accounting Assignment | College Homework Help
March 17th, 2020
CALCULATOR PRINTER VERSION BACK NEXT SOURCES Exercise 5-14 Marigold Chemicals has developed a new window cleaner that requires two ingredients, AM972 and CA38. Based on forecasted sales, Marigold has developed the following budgeted production for the coming year. 1st Quarter 5,030 2nd Quarter 7,910 3rd Quarter 9.000 4th Quarter 13,260 Ist Quarter Next Year 6,070 Forecasted production (gallons) Each gallon of window cleaner requires 145 ounces of AM972 and 28 ounces of CA38. An ounce of AM972 costs Marigold 50.15.
An ounce of CA38 costs the company $0.25. Marigold’s inventory policy requires ending inventory equal to 20% of the next quarter’s production needs. At the beginning of the year, Marigold expects to have 80,000 ounces of AM972 and 30,000 Ounces of CA 38 on hand, Prepare Marigold’s AM972 purchases budget for the coming year. (Round answers to decimal places, e.g. 5,275 and enter price per ounce to 2 decimal places, e.g. 0.35.) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual by Study Click if you would like to Show Work for this question work LINK TO TEXT Get Accounting Homework Help today