Homework Answers
1st question :
| Budget unit sales | 20000 |
| (+) Desired ending inventory | 5000 |
| (-) Beginning inventory | 3000 |
| Units to be produced | 22000 |
2nd question :
| May | June | |
| Budgeted production in units | 5000 | 4400 |
| (*) Direct materials required per unit | 3 | 3 |
| Total direct materials requirement for production | 15000 | 13200 |
| (+) Desired ending inventory ( 60% * Next month's direct materials requirement ) | 7920 | |
| Total direct materials required | 22920 | |
| (-) Beginning inventory | 2750 | |
| Direct materials to be purchased | 20170 | |
| (*) Cost per pound of direct material | 10 | |
| Total cost of direct materials purchases | 201700 |
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Multiple Cholce Questlon A manufacturer requires ending inventory of 5,000 units. Their budgeted unit sales are...
A manufacturing company has budgeted production at 5,000 units for may and 4,400 units in June....
A manufacturing company has budgeted production at 5,000 units for may and 4,400 units in June. Each unit requires 3 pounds of materials at a cost of $10 per pound. on May 1, there are 2,750 pounds of materials on hand. The company desires an ending inventory of 60% of the next month’s materials requirements. The total cost of direct materials purchases for May will be $___.
3. Garver Industries has budgeted the following unit sales: 2018 Units 12,000 8,500 10,000 January February...
3. Garver Industries has budgeted the following unit sales: 2018 Units 12,000 8,500 10,000 January February March April 11,000 15,000 May The finished goods units on hand on December 31, 2017, was 3,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $5 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 25% of next month's anticipated sales. They also...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have...
Fuqua Company's sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000...
Fuqua Company's sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000 units in February, and 13,400 units in March. Each unit of part 198.Z requires 4 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2016...
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...
Fuqua Company's sales budget projects unit sales of part 1987 of 10,300 units in January, 12,600...
Fuqua Company's sales budget projects unit sales of part 1987 of 10,300 units in January, 12,600 units in February, and units in March. Each unit of part 1987 requires 3 pounds of materials, which cost $4 per pound. Fuqua Company desires its ending raw materials inventory to 10% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2019. Prepare a...
Exercise 23-8 Fuqua Company's sales budget projects unit sales of part 1987 of 11,000 units in...
Exercise 23-8 Fuqua Company's sales budget projects unit sales of part 1987 of 11,000 units in January, 12,600 units in February, and 14,000 units in March. Each unit of part 1982 requires 3 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December...
Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198Z of 11,000 units in...
Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198Z of 11,000 units in January, 12,600 units in February, and 14,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December...
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,...
Pina Company's sales budget projects unit sales of part 1987 of 10,700 units in January, 12,200...
Pina Company's sales budget projects unit sales of part 1987 of 10,700 units in January, 12,200 units in February, and 13,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound. Pina Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2016....
3. Garver Industries has budgeted the following unit sales: 2018 Units 12,000 8,500 10,000 January February March April 11,000 15,000 May The finished goods units on hand on December 31, 2017, was 3,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $5 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 25% of next month's anticipated sales. They also...
Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have...
Fuqua Company's sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000 units in February, and 13,400 units in March. Each unit of part 198.Z requires 4 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2016...
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...
Fuqua Company's sales budget projects unit sales of part 1987 of 10,300 units in January, 12,600 units in February, and units in March. Each unit of part 1987 requires 3 pounds of materials, which cost $4 per pound. Fuqua Company desires its ending raw materials inventory to 10% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2019. Prepare a...
Exercise 23-8 Fuqua Company's sales budget projects unit sales of part 1987 of 11,000 units in January, 12,600 units in February, and 14,000 units in March. Each unit of part 1982 requires 3 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December...
Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198Z of 11,000 units in January, 12,600 units in February, and 14,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $3 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December...
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,...
Pina Company's sales budget projects unit sales of part 1987 of 10,700 units in January, 12,200 units in February, and 13,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound. Pina Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2016....
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