Homework Answers
| Budgeted sales | 50150 | |
| Add: Desired ending inventory | 28190 | |
| Less: Beginning inventory | -19090 | |
| Budgeted production | 59250 | |
| Budgeted production | 59250 | |
| X Materials per unit | 4 | |
| Budgeted materials for production | 237000 | |
| Add: Desired ending inventory | 158110 | |
| Less: Beginning inventory | -111390 | |
| Direct material purchases | 283720 | units |
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John Company expects to sell 50,150 units of finished goods over the next three-month period. The...
Northern Illinois Company expects to sell 36,000 units of finished goods over the next 6-month period....
Northern Illinois Company expects to sell 36,000 units of finished goods over the next 6-month period. The company has 12,000 finished units on hand and its managers want to have 14,000 units on hand at the end of the period. To produce one unit of finished product, two pounds of direct materials are needed. Northern Illinois has 80,000 pounds of direct material on hand and has budgeted for an ending inventory of 120,000 pounds of direct material. What is the...
12 What is the amount of direct material to be purchased (in units)? a. 38,000 b....
12 What is the amount of direct material to be purchased (in units)? a. 38,000 b. 46,000 66,000 d. 18,000 و ن Use the following information for the next 2 questions. Matz Company expects to sell 24,000 units of finished goods over the next 6-month period. The company has 10,000 units on hand and its managers want to have 14,000 units on hand at the end of the period. To produce one unit of finished product, two units of direct...
The Rouse Company has prepared a sales budget of 45,000 finished units for a 3-month period....
The Rouse Company has prepared a sales budget of 45,000 finished units for a 3-month period. The company has an inventory of 11,000 units of finished goods on hand at December 31 and has a target finished goods inventory of 14,000 units at the end of the succeeding quarter It takes 4 gallons of direct materials to make one unit of finished product. The company has inventory of 61,000 gallons of direct materials at December 31 and has a target...
Becker Bikes manufactures tricycles. The company expects to sell 510 units in May and 640 units in June. Beginning and e...
Becker Bikes manufactures tricycles. The company expects to sell 510 units in May and 640 units in June. Beginning and ending finished goods for May is expected to be 175 and 140 units, respectively. June’s ending finished goods is expected to be 150 units. Each unit requires 3 wheels at a cost of $21 per wheel. Becker requires 20 percent of next month’s material production needs on hand each month. July’s production units is expected to be 610 units. Compute...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in units) 78,000 ? 80,000 Budgeted raw materials purchases (in pounds) 174,600 200,600 256,600 Two pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 28,000...
Shadee Corp. expects to sell 590 sun visors in May and 310 in June. Each visor sells for $21. Shadee’s beginning and ending finished goods inventories for May are 75 and 40 units, respectively. Ending finished goods inventory for June will be 55 units.
Shadee Corp. expects to sell 590 sun visors in May and 310 in June. Each visor sells for $21. Shadee’s beginning and ending finished goods inventories for May are 75 and 40 units, respectively. Ending finished goods inventory for June will be 55 units.E8-6 (Algo) Preparing Direct Materials Purchases and Manufacturing Overhead Budgets [LO 8-3c, e]Each visor requires a total of $4.50 in direct materials that includes an adjustable closure that the company purchases from a supplier at a cost...
4.Assume that a company expects to produce 11,400, 12,400, and 14,400 units of finished goods in...
4.Assume that a company expects to produce 11,400, 12,400, and 14,400 units of finished goods in January, February, and March, respectively. Each unit of finished goods requires 3 pounds of raw material and each pound of raw material costs $4.50. The company always maintains an ending raw materials inventory equal to 20% of next month’s production needs. What is the amount of expected raw materials purchases for February? Multiple Choice $172,800 $134,400 $169,200 $122,520 1.Assume a company is preparing a...
The Alderman Company has prepared a sales budget of 48,000 finished units for a 3-month period....
The Alderman Company has prepared a sales budget of 48,000 finished units for a 3-month period. The company has an inventory of 14,000 units of finished goods on hand at December 31 and has a target finished goods inventory of 16,000 units at the end of the succeeding quarter. It takes 2 gallons of direct materials to make one unit of finished product. The company has inventory of 68,000 gallons of direct materials at December 31 and has a target...
Becker Bikes manufactures tricycles. The company expects to sell 350 units in May and 480 units...
Becker Bikes manufactures tricycles. The company expects to sell 350 units in May and 480 units in June. Beginning and ending finished goods for May is expected to be 95 and 60 units, respectively. June’s ending finished goods is expected to be 70 units. Each unit requires 3 wheels at a cost of $5 per wheel. Becker requires 20 percent of next month’s material production needs on hand each month. July’s production units is expected to be 450 units. Compute...
Iuuestion Help The McKnight Company has prepared a sales budget of 48,000 finished units for a...
Iuuestion Help The McKnight Company has prepared a sales budget of 48,000 finished units for a 3 month period. The company has an inventory of 13.000 units of finished goods on hand at December 31 and has a target finished goods inventory of 18.000 is at the end of the succeeding quarter kes galions of direct materials to make one unto finished product. The company has inventory of 65.000 palons of direct materials at December 31 and has a target...
Northern Illinois Company expects to sell 36,000 units of finished goods over the next 6-month period. The company has 12,000 finished units on hand and its managers want to have 14,000 units on hand at the end of the period. To produce one unit of finished product, two pounds of direct materials are needed. Northern Illinois has 80,000 pounds of direct material on hand and has budgeted for an ending inventory of 120,000 pounds of direct material. What is the...
12 What is the amount of direct material to be purchased (in units)? a. 38,000 b. 46,000 66,000 d. 18,000 و ن Use the following information for the next 2 questions. Matz Company expects to sell 24,000 units of finished goods over the next 6-month period. The company has 10,000 units on hand and its managers want to have 14,000 units on hand at the end of the period. To produce one unit of finished product, two units of direct...
The Rouse Company has prepared a sales budget of 45,000 finished units for a 3-month period. The company has an inventory of 11,000 units of finished goods on hand at December 31 and has a target finished goods inventory of 14,000 units at the end of the succeeding quarter It takes 4 gallons of direct materials to make one unit of finished product. The company has inventory of 61,000 gallons of direct materials at December 31 and has a target...
The Alderman Company has prepared a sales budget of 48,000 finished units for a 3-month period. The company has an inventory of 14,000 units of finished goods on hand at December 31 and has a target finished goods inventory of 16,000 units at the end of the succeeding quarter. It takes 2 gallons of direct materials to make one unit of finished product. The company has inventory of 68,000 gallons of direct materials at December 31 and has a target...
Iuuestion Help The McKnight Company has prepared a sales budget of 48,000 finished units for a 3 month period. The company has an inventory of 13.000 units of finished goods on hand at December 31 and has a target finished goods inventory of 18.000 is at the end of the succeeding quarter kes galions of direct materials to make one unto finished product. The company has inventory of 65.000 palons of direct materials at December 31 and has a target...
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