Homework Answers
Direct material budget
For month ended January 31
| Budgeted production | 440 |
| Raw material per unit | 6 |
| Material needed for production | 2640 |
| Add: Desired ending inventory (290*6*30%) | 522 |
| Total material requirement | 3162 |
| Less; Beginning inventory | -150 |
| Material to be purchase | 3012 |
| Cost per pound | 3 |
| Total cost of direct material purchase | 9036 |
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Zortek Corp. budgets production of 440 units in January and 290 units in February. Each finished...
Zortek Corp. budgets production of 490 units in January and 260 units in February. Each finished...
Zortek Corp. budgets production of 490 units in January and 260 units in February. Each finished unit requires two pounds of raw material Z. which costs $3 per pound. Each month's ending inventory of raw materials should be 40% of the following month's budgeted production. The January 1 raw materials inventory has 200 pounds of Z. Prepare a direct materials budget for January ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (units) units Materials needed for...
Zortek Corp. budgets production of 400 units in January and 200 units in February
QS 22-7 Manufacturing: Direct materials budget P1 Zortek Corp. budgets production of 400 units in January and 200 units in February. Each finished unit requires five pounds of raw material Z, which costs $2 per pound. Each month's ending inventory of raw materials should be 40% of the following month's budgeted production. The January 1 raw materials inventory has 130 pounds of Z. Prepare a direct materials budget for January.
Alliance Company's budgets production of 28,000 units in January and 32,000 units in February. Each finished...
Alliance Company's budgets production of 28,000 units in January and 32,000 units in February. Each finished unit requires 3 pounds of raw material K that costs $2.00 per pound. Each month's ending raw materials inventory should equal 40% of the following month's budgeted materials. The January 1 inventory for this material is 33,600 pounds. What are the budgeted materials need in pounds for January?
Alliance Company's budgets production of 21,000 units in January and 25,000 units in the February. Each...
Alliance Company's budgets production of 21,000 units in January and 25,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 29,400 pounds. What is the budgeted materials need in pounds for January? Multiple Choice 89,600 pounds. 84,000 pounds. 54,600 pounds. 119,000 pounds. 64,400 pounds.
Alliance Company's budgets production of 24,00o0 units in January and 28,000 units in the February. Each...
Alliance Company's budgets production of 24,00o0 units in January and 28,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 40% of the following month's budgeted materials. The January 1 inventory for this material is 38,400 pounds. What is the budgeted materials purchase in pounds for January? Select one: A. 57,600 pounds. B. 67,200 pounds C. 96,000 pounds. D. 140,800 pounds. E....
Alliance Company budgets production of 30,000 units in January and 34,000 units in the February. Each...
Alliance Company budgets production of 30,000 units in January
and 34,000 units in the February. Each finished unit requires 3
pounds of raw material K that costs $3.50 per pound. Each month's
ending raw materials inventory should equal 35% of the following
month's budgeted materials. The January 1 inventory for this
material is 31,500 pounds. What is the budgeted materials needed in
pounds for January?
Multiple Choice
94,200 pounds.
90,000 pounds.
58,500 pounds.
125,700 pounds.
67,200 pounds.
Chocolate Co. reports...
Alliance Company’s budgets production of 26,000 units in January and 30,000 units in the February. Each...
Alliance Company’s budgets production of 26,000 units in January and 30,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $2.00 per pound. Each month’s ending raw materials inventory should equal 30% of the following month’s budgeted materials. The January 1 inventory for this material is 23,400 pounds. What is the budgeted materials cost for January?
Alliance Company’s budgets production of 25,000 units in January and 29,000 units in the February. Each...
Alliance Company’s budgets production of 25,000 units in January and 29,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $3.50 per pound. Each month’s ending raw materials inventory should equal 40% of the following month’s budgeted materials. The January 1 inventory for this material is 40,000 pounds. What is the budgeted materials cost for January?
Yem expects to produce 1,700 units in January and 2,180 units in February. The company budgets...
Yem expects to produce 1,700 units in January and 2,180 units in February. The company budgets 3 pounds per unit of direct materials at a cost of $25 per pound. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5,700 pounds. Yem desires the ending balance in Raw Materials Inventory to be 20% of the next month's direct materials needed for production. Desired ending...
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...
Zortek Corp. budgets production of 490 units in January and 260 units in February. Each finished unit requires two pounds of raw material Z. which costs $3 per pound. Each month's ending inventory of raw materials should be 40% of the following month's budgeted production. The January 1 raw materials inventory has 200 pounds of Z. Prepare a direct materials budget for January ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (units) units Materials needed for...
Alliance Company's budgets production of 21,000 units in January and 25,000 units in the February. Each finished unit requires 4 pounds of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 35% of the following month's budgeted materials. The January 1 inventory for this material is 29,400 pounds. What is the budgeted materials need in pounds for January? Multiple Choice 89,600 pounds. 84,000 pounds. 54,600 pounds. 119,000 pounds. 64,400 pounds.
Alliance Company's budgets production of 24,00o0 units in January and 28,000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $2.50 per pound. Each month's ending raw materials inventory should equal 40% of the following month's budgeted materials. The January 1 inventory for this material is 38,400 pounds. What is the budgeted materials purchase in pounds for January? Select one: A. 57,600 pounds. B. 67,200 pounds C. 96,000 pounds. D. 140,800 pounds. E....
Alliance Company budgets production of 30,000 units in January
and 34,000 units in the February. Each finished unit requires 3
pounds of raw material K that costs $3.50 per pound. Each month's
ending raw materials inventory should equal 35% of the following
month's budgeted materials. The January 1 inventory for this
material is 31,500 pounds. What is the budgeted materials needed in
pounds for January?
Multiple Choice
94,200 pounds.
90,000 pounds.
58,500 pounds.
125,700 pounds.
67,200 pounds.
Chocolate Co. reports...
Yem expects to produce 1,700 units in January and 2,180 units in February. The company budgets 3 pounds per unit of direct materials at a cost of $25 per pound. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5,700 pounds. Yem desires the ending balance in Raw Materials Inventory to be 20% of the next month's direct materials needed for production. Desired ending...
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...
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