Homework Answers
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Raw materials to be purchased = Budgeted production + Desired ending inventory - Beginning inventory = (4000*1.5) + 2500 - 5000 = 3500 Option C is the answer |
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Sledge Co. manufactures a product requiring 1.5 lbs. of raw material for each finished unit. The...
zira Co Direct Materials budget Each finished unit requires five pounds of raw materials and the...
zira Co Direct Materials budget
Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 1041 pounds. Assume direct materials cost $4 per pound Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO. Direct Materials Budget For April,...
Each finished unit requires five pounds of raw materials and the company wants to end each...
Each finished unit requires five pounds of raw materials and
the company wants to end each month with raw materials inventory
equal to 20% of next month's production needs. Beginning raw
materials inventory for Apri was 556 pounds. Assume direct
materials cost $5 per pound
Zira Co. reports the following production budget for the next four months. April 556 May 610 June 588 July 568 Production (units) Each finished unit requires five pounds of raw materials and the company wants...
Each unit requires five pounds of material X37. Roberts is planning raw materials needs for the...
Each unit requires five pounds of material X37. Roberts is planning raw materials needs for the second quarter. Inventory requirements are as follows: a. The finished goods inventory on hand at the end of each month must be equal to 4,000 units plus 31% of the next month’s sales. The finished goods inventory on March 31 is budgeted based on this requirement. b. The raw materials inventory on hand at the end of each month must be equal to one-half...
WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company has...
WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company has forecast production for the next three months as follows: July 5,000 units, August 6,000 units, September 3,500 units. Monthly manufacturing overhead is budgeted to be $20,000 plus $5 per unit produced. What is budgeted manufacturing overhead for July? WellWheats, Inc. produces breakfast cereal and sells each box, or unit, for $7. The company is projecting sales of 1,000 units for the month of March....
Toddler Toys manufactures and distributes a product called Playclay that requires three pounds of material A135...
Toddler Toys manufactures and distributes a product called Playclay that requires three pounds of material A135 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter. To keep production and shipments moving smoothly, the company has the following inventory requirements: 1. The raw materials inventory on hand at the end of each month must be equal to 5,000 pounds plus one- half of the following month's production needs for raw materials. The...
Question 50 2 Xia Co. manufactures a single product. All raw materials used retrictable typehuse product....
Question 50 2 Xia Co. manufactures a single product. All raw materials used retrictable typehuse product. Current information for company follows. $8.000 85.000 Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor 110000 35.000 60.000 Total factory overhead Beginning finished goods inventory Ending finished goods inventory The company's cost of direct materials used cost of goods manufactured and castelpa Cost of Materials Used Cost of Goods...
Zira Co. reports the following production budget for the next four months. Production (units) April 572...
Zira Co. reports the following production budget for the next four months. Production (units) April 572 May 600 June 606 July 586 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 686 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. Production (units) April 544...
Zira Co. reports the following production budget for the next four months. Production (units) April 544 May 585 June 577 July 557 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 816 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. Production (units) April 714...
Zira Co. reports the following production budget for the next four months. Production (units) April 714 May 755 June 747 July 727 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials Inventory equal to 30% of next month's production needs. Beginning raw materials Inventory for April was 1,285 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your Intermediate...
Zira Co. reports the following production budget for the next four months. April May June July...
Zira Co. reports the following production budget for the next
four months.
April
May
June
July
Production (units)
604
645
637
617
Each finished unit requires four pounds of raw materials and the
company wants to end each month with raw materials inventory equal
to 30% of next month’s production needs. Beginning raw materials
inventory for April was 725 pounds. Assume direct materials cost $6
per pound.
Prepare a direct materials budget for April, May, and June.
(Round your intermediate...
zira Co Direct Materials budget
Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 1041 pounds. Assume direct materials cost $4 per pound Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO. Direct Materials Budget For April,...
Each finished unit requires five pounds of raw materials and
the company wants to end each month with raw materials inventory
equal to 20% of next month's production needs. Beginning raw
materials inventory for Apri was 556 pounds. Assume direct
materials cost $5 per pound
Zira Co. reports the following production budget for the next four months. April 556 May 610 June 588 July 568 Production (units) Each finished unit requires five pounds of raw materials and the company wants...
Toddler Toys manufactures and distributes a product called Playclay that requires three pounds of material A135 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter. To keep production and shipments moving smoothly, the company has the following inventory requirements: 1. The raw materials inventory on hand at the end of each month must be equal to 5,000 pounds plus one- half of the following month's production needs for raw materials. The...
Question 50 2 Xia Co. manufactures a single product. All raw materials used retrictable typehuse product. Current information for company follows. $8.000 85.000 Beginning raw materials inventory Ending raw materials inventory Raw material purchases Beginning work in process inventory Ending work in process inventory Direct labor 110000 35.000 60.000 Total factory overhead Beginning finished goods inventory Ending finished goods inventory The company's cost of direct materials used cost of goods manufactured and castelpa Cost of Materials Used Cost of Goods...
Zira Co. reports the following production budget for the next four months. Production (units) April 572 May 600 June 606 July 586 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 686 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. Production (units) April 544 May 585 June 577 July 557 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 816 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. Production (units) April 714 May 755 June 747 July 727 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials Inventory equal to 30% of next month's production needs. Beginning raw materials Inventory for April was 1,285 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your Intermediate...
Zira Co. reports the following production budget for the next
four months.
April
May
June
July
Production (units)
604
645
637
617
Each finished unit requires four pounds of raw materials and the
company wants to end each month with raw materials inventory equal
to 30% of next month’s production needs. Beginning raw materials
inventory for April was 725 pounds. Assume direct materials cost $6
per pound.
Prepare a direct materials budget for April, May, and June.
(Round your intermediate...
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