A sporting goods manufacturer budgets production of 52,000 pairs of ski boots in the first quarter...
A sporting goods manufacturer budgets production of 52,000 pairs of ski boots in the first quarter and 43,000 pairs in the second quarter of the upcoming year. Each pair of boots require 2 kg of a key raw material. The company aims to end each quarter with ending raw materials inventory equal to 20% of the following quarter’s material needs. Beginning inventory for this material is 20,800 kg and the cost per kg is $9. What is the budgeted materials need in kg. in the first quarter?
Homework Answers
Budgeted materials need in kg. in the first quarter = 84,920 Kgs
Working
| Direct Materials Budget | ||||
| First Quarter | Second Quarter | |||
| Budgeted production (units) | 52000 | 4300 | ||
| Materials requirements per unit (in Kgs) | 2 | 2 | ||
| Materials needed for production (Kg) | 104000 | 8600 | ||
| Budgeted ending inventory (Kg) | 1720 | |||
| Total materials requirements (Kg) | 105720 | |||
| Beginning inventory (Kg) | 20800 | |||
| Materials to be purchased (Kg) | 84920 | |||
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