Hesterman Corporation Makes One Product and Has Provided the Following

question 6

Multiple Choice

Hesterman 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:
40% in the month of the sale
60% in the following month
The ending finished goods inventory should equal 40% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs.
-If 39,720 pounds of raw materials are required for production in June,then the budgeted cost of raw material purchases for May is closest to:

• A) $145,224
• B) $124,992
• C) $101,160
• D) $104,760

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Definitions:

Career Plan

A structured approach to developing individual career paths, goals, and strategies for achieving personal career objectives.

Continuing Education

Continuing education is the process of learning new skills or acquiring knowledge that occurs after the completion of formal schooling.

Competitive

A term describing a market or environment where entities vie against each other to achieve a particular objective, such as a higher market share or superior legal outcome.

Online Communication Skills

These refer to the abilities required to effectively communicate, engage, and interact with others through digital platforms, including email, social media, and video conferencing tools.