managerial accounting

Anonymous
timer Asked: Feb 13th, 2015

Question Description

I’m working on a Accounting question and need guidance to help me study.

Whistle manufactures referee whistles.  At the end of February, Whistle has 2,000 pounds of steel for whistles inventory.  Whistle expects to produce and sell 50,000 whistles in March.  Each whistle requires a standard quality of .2 lbs of steel.  Whistle wants to have 5,000 pounds of steel in inventory at the end of March.  Whistle has no whistles in beginning finished goods inventory and doesn’t plan to have any whistles in ending finished goods inventory.  Each pound of steel has a standard cost of $7.  Prepare Whistle’s purchase budget for steel in March.  How much does Whistle expect to spend on steel in March?

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

This question has not been answered.

Create a free account to get help with this and any other question!

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors