Estimated sales of a product is 25000 units. Two kinds of raw materials A and B are required for manufacturing the product. Each unit of the product requires 2 units of A and 1 unit of B. The estimated cost of A and B OMR 2 and OMR 3 respectively. The estimated opening balances at the beginning of the next year: finished goods: 4000 units; A: 3000 units; B: 5000 units. The desirable closing balances at the end of the next year: finished goods: 6000 units; A: 5000 units; B: 8000 units. Which of the following shows the total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. A= 56000 and B = 35000 b. A= 112000 and B= 90000 c. None of the Option d. A= 104000 and B = 72000

Estimated sales of a product is 25000 units. Two kinds of raw materials A and B are required for manufacturing the product. Each unit of the product requires 2 units of A and 1 unit of B. The estimated cost of A and B OMR 2 and OMR 3 respectively. The estimated opening balances at the beginning of the next year: finished goods: 4000 units; A: 3000 units; B: 5000 units. The desirable closing balances at the end of the next year: finished goods: 6000 units; A: 5000 units; B: 8000 units. Which of the following shows the total cost of raw materials (OMR) to be purchased in Material Purchase Budget. Select one: a. A= 56000 and B = 35000 b. A= 112000 and B= 90000 c. None of the Option d. A= 104000 and B = 72000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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