In Acti's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown?

A) $780,000
B) $564,000
C) $468,000
D) $588,000

Question

In Acti's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown?A) $780,000B) $564,000C) $468,000D) $588,000

Macar Coloma · Accepted Answer

Final Answer : C, Explanation :  The question does not provide any information about the amount of accounts payable for raw materials. Therefore, we need to look at Acti's budgeted balance sheet to find this information. Out of the given options, only option C has the value of accounts payable for raw materials listed as $468,000. Accounts payable = $780,000 × 60% = $468,000Reference: CH08-Ref22Smith Corporation makes and sells a single product called a Pod.Each Pod requires 1.4 direct labor-hours at $9.60 per direct labor-hour.The direct labor workforce is fully adjusted each month to the required workload.Smith Corporation is preparing a Direct Labor Budget for the second quarter of the year.

In Acti's budgeted balance sheet at December 31, at what amount will accounts payable for raw materials be shown?

A) $780,000
B) $564,000
C) $468,000
D) $588,000

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