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I have go threw the lectures and notes again but I did not get the idea ,,
actually I did not find the mean score in the notes and lectures!!! can you help me to find this lecture ,to help me to get the idea please.
may be related
task 3Kinn Co budgets to produce 3,175,000 units in Quarter 3 to meet sales demand and to achieve a closing finished goods inventory of 175,000 units.
What is the budgeted cost for raw material usage in Quarter 3 (to the nearest thousand dollars)?
answer
Raw material usage budget = production budget x material usage per unitx standard cost per kg= 3,175,000 x 3kg x $6 = $57,150,000
its multi task question
Kinn Co produces a single product. Each finished product requires 3 kg of raw materials. The raw material costs $6 per kg
You are given the following information.1.Kinn Co prepares budgets on a quarterly basis. Each quarter consists of 13 weeks, with five working days per week
2.it is the company’s policy to maintain an inventory of finished goods at the end of each quarter equal to five days demand for the next quarter whenever possible
3.It is not possible to hold raw material inventory because of its perishable nature, but it is possible to hold inventory of finished goods at any level
4.Forecast sales units for the next four quarters are:
quarter 1
1,950,000
Quarter 2
2,275,000
Quarter 3
3,250,000
Quarter 4
2,275,000
5)Selling price is $56 per unit
6)Kinn Co aims to maximise its profits.
task 4 and 5:
The company’s raw material supplier has informed them that due to restrictions on the manufacture of the material, the supply to the company will be restricted to 6,600,000 kg per quarter for the foreseeable future beginning from Quarter 1. Kinn Co decides to purchase the maximum amount of material available in each quarter and build up inventory of finished goods whenever possible.
Calculate a revised closing finished goods inventory for Quarter 3 (to the nearest unit), taking into account the restrictions on the raw material supply.(units)answer: 0 units
As 6,600,000kg of material is available then the company can only produce 2,200,000 units as each unit requires 3kg.Even taking into account the opening inventory of 325,000 units, the company will only be able to sell 2,525,000 units of its forecast Quarter 3 sales. This means that closing inventory will be 0.
I already have book & Revision Kit from one of the ACCA approved ,& that answer from the book that I have.
if the balance in the question is -(15,500)
so,should be -(15,500) -(4,200)=55,700
but if they record it as a receipt will be -(15,500) +4,200=47,800
therefore 55,700 -47,800=8,400 less than it should be
& this will lead to wrong answer ! because must be 8,400 more than it should be to get the right answer.they want expense for one year and this total interest for 15 month (ie more than one year)!
I wonder what in the question says that 500,000$ at par (or something like that )?and why calculating interest from 1-october to 30-june ,not from 1-october to 31-march only?
