Bonkowski Corporation Makes One Product and Has Provided the Following

question 37

Multiple Choice

Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Credit sales are collected:
30% in the month of the sale
70% in the following month
Raw materials purchases are paid:
30% in the month of purchase
70% in the following month
The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.
The budgeted required production for February is closest to:

• A) 12,390 units
• B) 19,590 units
• C) 15,990 units
• D) 12,000 units

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Definitions:

Racial Differences

Variations among groups of people that are often categorized based on physical characteristics attributed to their genetic ancestry.

Western Countries

Nations generally considered part of the Western world, typically including those in Europe, North America, and other regions sharing similar economic, political, and cultural traits.

Asians

Refers to individuals from the continent of Asia, encompassing a diverse range of cultures, languages, and ethnicities.

Learned Helplessness

A condition resulting from the perception that we have no control over our environment.