Business, 17.04.2020 18:04, keigleyhannah30

Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows.

Month Units

April 2,590
May 2,450
June 2,360

The target ending inventory of finished products is as follows.

March 31 2,030
April 30 2,240
May 31 2,170
June 30 2,330

2 units of material are required for each unit of finished product. Production for July is estimated at 2,620 units to start building inventory for the fall sales period. Rensing’s policy is to have an inventory of raw materials at the end of each month equal to 40% of the following month’s production requirements.

Raw materials are expected to cost $6 per unit throughout the period.

Calculate the May raw materials purchases in dollars.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 22:20, abdulalghazouli

Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?

Answers: 2

continue

Business, 22.06.2019 18:00, maxout67

*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!

Answers: 1

continue

Business, 23.06.2019 02:30, nauticajanke03

The wall street journal reported that over a recent five-month period, a downturn in the economy has caused endowments to decline 23%. what is the estimate of the dollar amount of the decline in the total endowments held by these 10 universities (to the nearest billion)?

Answers: 3

continue

Business, 23.06.2019 09:30, crtlq

Is 6ixnine getting out of jail this year?

Answers: 2

continue

Do you know the correct answer?

Rensing Ltd. estimates sales for the second quarter of 2017 will be as follows.

Month Un...