Fuson Corporation Makes One Product and Has Provided the Following

question 9

Multiple Choice

Fuson 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 10% of the following month's sales. The ending raw materials inventory should equal 10% of the following month's raw materials production needs.
-If 40,380 pounds of raw materials are required for production in December,then the budgeted raw material purchases for November is closest to:

• A) 32,280 pounds
• B) 38,556 pounds
• C) 31,380 pounds
• D) 35,418 pounds

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Definitions:

Masculinity-Femininity

A cultural dimension that reflects the distribution of roles between the genders in a society.

Long-Term Orientation

A cultural dimension emphasizing the importance of future rewards, perseverance, and savings, as opposed to immediate gratification.

Long-Term Orientation

A cultural dimension indicating the degree to which a society values long-term commitments and respects traditions while adapting to change gradually.

Meglino's Value Schema

A theoretical framework proposed by Meglino et al. that categorizes personal values into specific domains influencing individual behavior and preferences.