Homework Answers
(1) Sales budget
| April | May | June | Period end | |
| sales units | 440 | 520 | 480 | 1440 (440+520+480) |
| sale price per unit | $75 | $75 | $90 | |
| Total sales | $33,000(440*75) | $39,000(520*75) | $43,200(480*90) | $115,200(33000+39000+43200) |
(2) production budget
| April | May | June | Period end | July | |
| sales | 440 | 520 | 480 | 1440 | 510 |
| Add: desired ending inventory | 104(520*20%) | 96(480*20%) | 102(510*20%) | 102 | 60(300*20%) |
| Less: beginning inventory | 100 | 104 | 96 | 100 | 102 |
| Production budget in units | 444 | 512 | 486 | 1442 | 468 |
(3) direct material budget
| April | May | June | End period | |
| Production budget | 444 | 512 | 486 | 1442 |
| Direct material per unit(yard) | 2.5 | 2.5 | 2.5 | 2.5 |
| Direct material required in unit for production | 1110(444*2.5) | 1280(512*2.5) | 1215(486*2.5) | 3605(1442*2.5) |
| Add: desired ending inventory | 256(1280*20%) | 243(1215*20%) | 234(468*2.5*20%) | 234 |
| Less: Beginning inventory | 300 | 256 | 243 | 300 |
| Raw material purchase budget in yards | 1066 | 1267 | 1206 | 3539 |
direct material purchasing budget
| April | May | June | End period | |
| Raw material purchase budget in yards | 1066 | 1267 | 1206 | 3539 |
| Price per yard | $12 | $12 | $12 | $12 |
| Raw material purchase in dollars | $12,792(1066*$12) | $15,204(1267*$12) | $14,472(1206*$12) | $42,468(3539*$12) |
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