how to get purchase of raw material?
topcat
Trusted RegularRegistered Posts: 452
Hello,
I thought this would be a nice easy one but i was wrong. The model answer is 100,700kg but i can only get 100,450kg
Info:
My workings:
20,000 * 4.75kg = 95,000kg
Increase this by 5% for wastage 95,000 + 4750 = 99,750kg
Already have 9,800kg so took this off to leave 99,750  9800 = 89,950kg
Need 10,500kg to be left thus 89,950kg + 10,500kg = 100,450kg
where am i off :confused1:
Thank you!
I thought this would be a nice easy one but i was wrong. The model answer is 100,700kg but i can only get 100,450kg
Info:
 20,000 units of finished product are to be manufactured
 Each unit of finished product contains 4.75kg of raw material
 5% of raw material is wasted during manufacture
 The opening inventory of raw material is 9,800 kg
 The closing inventory of raw material is to be 10,500 kg
My workings:
20,000 * 4.75kg = 95,000kg
Increase this by 5% for wastage 95,000 + 4750 = 99,750kg
Already have 9,800kg so took this off to leave 99,750  9800 = 89,950kg
Need 10,500kg to be left thus 89,950kg + 10,500kg = 100,450kg
where am i off :confused1:
Thank you!
0
Comments

Hi
its Friday and nearly quitting time, so this is a quick workings. apologies if wrong
you have 5% wastage during manufacture. 4.75/95% (finished)x100% starting =5
the rest is the same as you have.
Hope this helps.0 
Hi its Friday and nearly quitting time, so this is a quick workings. apologies if wrong you have 5% wastage during manufacture. 4.75/95% (finished)x100% starting =5 the rest is the same as you have. Hope this helps.0