Homework Answers
1.
|
WHITE CORPORATION Production Budget 2nd Quarter |
|
| Budgeted sales | 90,000 |
| Desired ending inventory (73,300*5%) | 3,665 |
| Total units needed | 93,665 |
| Beginning inventory (90,000*5%) | (4,500) |
| Total units to produce | 89,165 |
2.
|
WHITE CORPORATION Budgeted Purchases of Direct Materials (In Ibs) 2nd Quarter |
|
| Budgeted production | 89,165 |
| Direct materials (Ibs) per unit produced | 3 |
| Direct material needed in production | 267,495 |
| Desired ending inventory of direct materials (Ibs) * | 44,937 |
| Total direct material needed | 312,432 |
| Beginning inventory of direct materials (267,495*20%) | (53,499) |
| Budgeted purchases of direct materials (Ibs) | 258,933 |
* Desired ending inventory of direct materials (Ibs):
| Budgeted sales | 73,300 |
| Desired ending inventory (105,200*5%) | 5,260 |
| Total units needed | 78,560 |
| Beginning inventory (73,300*5%) | (3,665) |
| Total units to produce | 74,895 |
| Direct materials (Ibs) per unit produced | 3 |
| Direct material needed in production | 224,685 |
| Desired ending inventory of direct materials (Ibs) for 2nd Quarter (224,685*20%) | 44,937 |
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