Zan Corporation | ||||||||||
Direct Materials Budget | ||||||||||
1st | 2nd | 3rd | 4th | Year | ||||||
Qtr | Qtr | Qtr | Qtr | |||||||
Required production in units of finished goods | 5,000 | 8,000 | 7,000 | 6,000 | 26,000 | |||||
unit of raw materials needed per unit of finished | 8 | 8 | 8 | 8 | 8 | |||||
units of raw materials needed to meet prodcution | 40000 | 64000 | 56000 | 48000 | 208000 | |||||
Add:Desired units of ending raw materials inventory | 16000 | 14000 | 12000 | 8,000 | 8,000 | |||||
total units of raw materials needed | 56000 | 78000 | 68000 | 56000 | 216000 | |||||
less:units of beginning raw materials inventory | 6,000 | 16000 | 14000 | 12000 | 6,000 | |||||
units of raw materials to be purchased | 50,000 | 62000 | 54000 | 44000 | 210,000 | |||||
units cost of raw materials | 1.2 | 1.2 | 1.2 | 1.2 | 1.2 | |||||
Cost of raw materials to be purchased | 60000 | 74400 | 64800 | 52800 | 252000 | |||||
Estimated grams of raw material to be purchased | 50,000 | 62000 | 54000 | 44000 | 210,000 | |||||
cost of raw materials to be prucased | 60000 | 74400 | 64800 | 52800 | 252000 | |||||
total cash disbursement for materails | ||||||||||
1st | 2nd | 3rd | 4th | Year | ||||||
Qtr | Qtr | Qtr | Qtr | |||||||
Accounts payable | 2,880 | 2,880 | ||||||||
first (60000*60%;40%) | 36000 | 24000 | 60000 | |||||||
second (74400*60%;40%) | 44640 | 29760 | 74400 | |||||||
third (64800*60%;40%) | 38880 | 25920 | 64800 | |||||||
foruth (52800*60%) | 31680 | 31680 | ||||||||
total cash disbursement for materials | 38,880 | 68640 | 68640 | 57600 | 233,760 | answer | ||||
total direct labor cost | ||||||||||
1st | 2nd | 3rd | 4th | Year | ||||||
Qtr | Qtr | Qtr | Qtr | |||||||
units produced | 5,000 | 8,000 | 7,000 | 6,000 | 26,000 | |||||
direct labor hours per unit required | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | |||||
total direct labor hours required | 1000 | 1600 | 1400 | 1200 | 5200 | |||||
cost per direct labor hour | 11.5 | 11.5 | 11.5 | 11.5 | 11.5 | |||||
total direct labor cost | 11500 | 18400 | 16100 | 13800 | 59800 | answer | ||||
15 The production department of Zan Corporation has submitted the following forecast of units to be...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 5,000 2nd Quarter 8,000 3rd Quarter 7,000 4th Quarter 6,000 Units to be produced In addition, 6,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $2,880. Each unit requires 8 grams of raw material that costs $1.20 per...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 5,000 2nd Quarter 8,888 3rd Quarter 7.ee Units to be produced 4th Quarter 6, eee In addition, 6.000 grams of raw materials Inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $2.880. Each unit requires & grams of raw material that costs $1.20...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 20,000 2nd Quarter 23,000 3rd Quarter 22,000 4th Quarter 21,000 In addition, 40.000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $7,800. Each unit requires 8 grams of raw material that costs $1.80 per...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. 1st Quarter 16,880 2nd Quarter 19,089 3rd Quarter 4th Quarter 1 8,000 17,889 Units to be produced In addition, 16,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $7,000 Each unit requires 4 grams of raw material that costs $180...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 22, 2nd Quarter 25,000 3rd Quarter 24.ee 4th Quarter 23,000 In addition, 27.500 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $8,200. Each unit requires 5 grams of raw material that costs $1.40 per...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter2nd Quarter3rd Quarter4th QuarterUnits to be produced10,000 13,000 12,000 11,000 In addition, 20,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $5,800. Each unit requires 8 grams of raw material that costs $1.40 per gram. Management desires to end...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 10,000 2nd Quarter 13,000 3rd Quarter 12,000 4th Quarter 11,000 In addition, 20,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $5,800. Each unit requires 8 grams of raw material that costs $1.40 per...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 18,000 21,000 20,000 19,000 In addition, 27,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $7,400. Each unit requires 6 grams of raw material that costs $1.40 per...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 8,000 11,000 10,000 9,000 In addition, 12,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $5,400. Each unit requires 6 grams of raw material that costs $1.80 per...
The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: Units to be produced 1st Quarter 7,000 2nd Quarter 10,000 3rd Quarter 9,000 4th Quarter 8,000 In addition, 8,750 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is $5,200. Each unit requires 5 grams of raw material that costs $1.60 per...