Tucker Company makes chairs. Tucker has the following production budget for January - March. January February...

Question

Question

Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Pro

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer-----------53391

Working

Direct Materials Budget
for the month of------
	January	February	March
Budgeted production (units)	9701	10937	9643
Materials requirements per unit	5	5	5
Materials needed for production	48505	54685	48215
Budgeted ending inventory	10937	9643
Total materials requirements		64328
Beginning inventory		10937
Materials to be purchased		53391

Add a comment

Answer 2

Similar Homework Help Questions

Tucker Company makes chairs. Tucker has the following production budget for January - March. January February...

Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produced 11516 10275 12401 Each chair produced uses 5 board feet of wood. Management wants ending inventory levels of raw materials to equal 20% of the production needs (in wood) for the next month. How many board feet of wood does Tucker need to purchase in February? Round your answer to the nearest whole number. Don't round any intermediate calculations.
Question 1 0/2 pts Tucker Company makes chairs. Tucker has the following production budget for January...

Question 1 0/2 pts Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produced 8,466 11,115 10,906 Each chair produced uses 4 board feet of wood. Management wants ending inventory levels of raw materials to equal 20% of the production needs (in wood) for the next month. How many board feet of wood does Tucker need to purchase in February? Round your answer to the nearest whole number. Don't round any...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...

DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 5,470 January 10,350 March February 8,230 April 4,210 Each unit requires 4 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 8,280 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by...

Pronghorn Industries has adopted the following production budget for the first 4 months of 2017. Month...

Pronghorn Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,170 March 5,190 February 8,470 April 4,310 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 9,100 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements. Prepare a direct materials purchases budget by...
Concord Industries has adopted the following production budget for the first 4 months of 2017. Month...

Concord Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,120 March 5,480 February 8,460 April 4,370 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 9,240 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...

DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units March 10,270 5,390 January 8,270 April February 4,290 Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 6,162 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by...

Preparing a Production Budget Patrick Inc, makes industrial solvents. In the first months of the coming...

Preparing a Production Budget Patrick Inc, makes industrial solvents. In the first months of the coming year Patrick expects the following unit sales: January 41.000 February 38.000 March 50.000 April $1,000 Patrick's policy is to have 23% of next months sales in ending inventory On January 1it is expected that there will be 4.550 drums April Patride's policy is to have 23 of next month's sales in ending inventory. On January 1, it is expected that there will be 4,550...
Please solve. Oriole Industries has adopted the following production budget for the first 4 months of...

Please solve. Oriole Industries has adopted the following production budget for the first 4 months of 2020. Month January February Units 10,270 8,270 Month March April Units 5,390 4,290 Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 6,162 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases...
Exercise 13-5 Pina Industries has adopted the following production budget for the first 4 months of...

Exercise 13-5 Pina Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units 10,470 March January 5,490 February 8,260 April 4,450 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,270 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases...

Pronghorn Industries has adopted the following production budget for the first 4 months of 2017. Month...

Pronghorn Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units anuary 10,170 March 5,190 February 8,470 Ap4,310 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31,2016, the ending raw materials inventory was 9,100 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for...

Tucker Company makes chairs. Tucker has the following production budget for January - March. January February...

Homework Answers