Homework Answers
Answer-2)-
| RUIZ CO. | ||||
| PRODUCTION BUDGET | ||||
| FOR APRIL,MAY AND JUNE | ||||
| Particulars | April | May | JUNE | Quarter |
| Estimated sales (a) | 700 | 780 | 730 | 2210 |
| Add:- Desired ending finished goods inventory (b) | 780*40%= 312 | 730*40% =292 | 820*40%= 328 | 932 |
| 40% of the next month's sales needs | ||||
| Less:-Opening finished goods inventory (c) | 280 | 312 | 292 | 884 |
| Number of units to be produced (d=a+b-c) | 732 | 760 | 766 | 2258 |
3)-
| RIDA INC. | |
| Direct Material Purchase Budget | |
| SECOND QUARTER | |
| Particulars | Quarter 2 |
| Budgeted production (a) | 247000 |
| Pounds of Raw material required each unit(b) | 0.50 pounds |
| Raw material required for production pounds (c=a*b) | 123500 |
| Add:- Desired ending inventory (pounds) | (59500 units*0.50 pounds per unit)*40%=11900 |
| 40% following quarter's materials needs | |
| Less:-Opening inventory (pounds) | 49400 |
| Budgeted Raw material purchase (pounds) (d) | 86000 |
| Cost per pound (e) | $182 |
| Direct Material Purchase budget $ (f= d*e) | 15652000 |
Add Answer to:
ted Sites (2) - Suggested Sites (2) - Suggested Sites e Web Slice Gallery HW7 Sales...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 238,000 units in the second quarter and 275,500 units in the third quarter. Raw material inventory is 65,500 pounds at the beginning of the second quarter. Other information follows: Direct materials Each unit requires 0.60 pounds of a key raw material, priced at $188 per pound. The company plans to end each quarter with an ending inventory of...
Zira Co. reports the following production budget for the next four months. April July 607 May June Production (units) 5...
Zira Co. reports the following production budget for the next four months. April July 607 May June Production (units) 594 635 627 Each finished unit requires four 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 April was 475 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 240,000 units in the second quarter and 52,500 units in the third quarter. Raw material inventory is 43,200 pounds at the beginning of the second quarter. Other information follows: Direct materials Each unit requires 0.60 pounds of raw material, priced at $175 per pound. The company plans to end each quarter with an ending inventory of materials equal...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 228,000 units in the second quarter and 265,500 units in the third quarter. Raw material inventory is 55,500 pounds at the beginning of the second quarter. Other Information follows: Direct Mar Each unit requires 0.70 pounds of a key raw material, priced at $170 per pound. The company plans to and each quarter with an ending inventory of...
Required information Ruiz Co. provides the following sales forecast for the next four months: Sales (units)...
Required information Ruiz Co. provides the following sales forecast for the next four months: Sales (units) April 640 May 720 June 670 July 760 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 192 units. Assume July's budgeted production is 670 units. In addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month...
Required information Rulz Co. provides the following sales forecast for the next four months: Sales (units) April 6...
Required information Rulz Co. provides the following sales forecast for the next four months: Sales (units) April 610 May 690 June 640 July 730 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted a goods inventory on April 1s 122 units. Assume July's budgeted production is 640 units. In addition, each finished unit requires five pounds (lbs.) of raw materials and the company wants to end each month with raw...
20, 21 & 22 Help Sav Required information Ruiz Co. provides the following sales forecast for...
20, 21 & 22 Help Sav Required information Ruiz Co. provides the following sales forecast for the next four months: Sales units) April 580 May 660 June 610 July 700 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 174 units. Assume July's budgeted production is 610 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the...
Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350...
Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350 May 630 June 580 July 670 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 165 units. Assume July's budgeted production is 580 units. In addition, each finished unit requires four pounds (lbs) of raw materials and the company wants to end each month...
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 630...
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 630 May 710 June 660 July 750 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 252 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 710 Ratio...
Required information Ruiz Co. provides the following sales forecast for the next four months: April 540...
Required information Ruiz Co. provides the following sales forecast for the next four months: April 540 May 620 June 570 July 660 Sales (units) The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 162 units. Assume July's budgeted production is 570 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the company wants to end each month...
Zira Co. reports the following production budget for the next four months. April July 607 May June Production (units) 594 635 627 Each finished unit requires four 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 April was 475 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 240,000 units in the second quarter and 52,500 units in the third quarter. Raw material inventory is 43,200 pounds at the beginning of the second quarter. Other information follows: Direct materials Each unit requires 0.60 pounds of raw material, priced at $175 per pound. The company plans to end each quarter with an ending inventory of materials equal...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 228,000 units in the second quarter and 265,500 units in the third quarter. Raw material inventory is 55,500 pounds at the beginning of the second quarter. Other Information follows: Direct Mar Each unit requires 0.70 pounds of a key raw material, priced at $170 per pound. The company plans to and each quarter with an ending inventory of...
Required information Ruiz Co. provides the following sales forecast for the next four months: Sales (units) April 640 May 720 June 670 July 760 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 192 units. Assume July's budgeted production is 670 units. In addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month...
Required information Rulz Co. provides the following sales forecast for the next four months: Sales (units) April 610 May 690 June 640 July 730 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted a goods inventory on April 1s 122 units. Assume July's budgeted production is 640 units. In addition, each finished unit requires five pounds (lbs.) of raw materials and the company wants to end each month with raw...
20, 21 & 22 Help Sav Required information Ruiz Co. provides the following sales forecast for the next four months: Sales units) April 580 May 660 June 610 July 700 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 174 units. Assume July's budgeted production is 610 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the...
Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350 May 630 June 580 July 670 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 165 units. Assume July's budgeted production is 580 units. In addition, each finished unit requires four pounds (lbs) of raw materials and the company wants to end each month...
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 630 May 710 June 660 July 750 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 252 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 710 Ratio...
Required information Ruiz Co. provides the following sales forecast for the next four months: April 540 May 620 June 570 July 660 Sales (units) The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 162 units. Assume July's budgeted production is 570 units. In addition, each finished unit requires six pounds (lbs.) of raw materials and the company wants to end each month...
Most questions answered within 3 hours.
-
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 27 minutes ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 1 hour ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 4 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 4 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 4 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 4 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 4 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 5 hours ago