Question

View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020. Sales units: First quarter 5,400; second quarter 7,000; third quarter 7.600. Ending raw materials Inventory: 40% of the next quarter's production requirements. Ending finished goods Inventory: 25% of the next quarter's expected sales units. Third-quarter production: 7,840 units. The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to production and sales that occur in 2020.4 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $6 per pound. Your Answer Correct Answer Your answer is correct. Prepare a production budget by quarters for the 6-month period ended June 30, 2020. HARDIN COMPANY Production Budget For the Six Months Ending June 30, 2020 MacBook Air

Answer 1

4 HARDIN COMPANY Dised materials Budget for the Six Norths Ending June 30, 2020 Quarter Six months Units to be produced 5800 17150 Direct materials per unit 4 Total pounds needed for brochuction 23,200 | 28,600 Add + Desired Ending Klineet 11,440 12,544 Total materials required | 34640 | 41,144 Less! Beginning Direct materials 9980 | 11,440 Direct materials purchase 95,360 29,704 cost per pound $6 | $6 Total cost of orect materials | $152,160 1 $178,284 $330,384 1. Purchered