Direct material budget
For the month ended January 31
Production in January | 4300 |
Direct material per unit | 3 |
Direct material needed for production | 12900 |
Add: Desired ending inventory (5800*3*22%) | 3828 |
Total requirement | 16728 |
Less: Beginning inventory | -2838 |
Direct material purchase | 13890 |
Cost per pound | 8 |
Direct material purchase cost | 111120 |
Need help please Perine Company has 2,838 pounds of raw materials in its December 31, 2019,...
Perine Company has 3,440 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,300 and 5,800 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January. PERINE COMPANY Direct Materials Budget Question Attempts: o of 3 used
Brief Exercise 9-4 Perine Company has 6,075 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,500 and 5,800 units, respectively. 5 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 27% of next month's materials requirements. Prepare the direct materials budget for January. PERINE COMPANY Direct Materials Budget till
Current Attempt in Progress Perine Company has 2016 pounds of raw materials in its December 31, 2019, ending inventory Required production for January and February of 2020 are 4.200 and 5,800 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 24% of next month's materials requirements Prepare the direct materials budget for January PERINE COMPANY Direct Materials Budget
Perine Company has 1,640 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,100 and 5,600 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January. PERINE COMPANY Direct Materials Budget T Units to be produced 4100 T Total...
Brief Exercise 9-4 Perine Company has 2,200 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,400 and 5,700 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending Inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January PERINE COMPANY Direct Materials Budget Click if you would like...
Perine Company has 2,376 pounds
of raw materials in its December 31, 2016, ending inventory.
Required production for January and February of 2017 are 4,570 and
6,030 units, respectively. 2 pounds of raw materials are needed for
each unit, and the estimated cost per pound is $9. Management
desires an ending inventory equal to 26% of next month’s materials
requirements. Prepare the direct materials budget for January.
Perine Company has 2,376 pounds of raw materials in its December 31, 2016,...
Perine Company has 4,484 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,270 and 5,890 units, respectively. 5 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 21% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to O decimal places, e.g. 5,275.) PERINE...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 9-4 Perine Company has 4,872 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,200 and 5,800 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 29% of next month's materials requirements. Prepare the direct materials budget for January PERINE COMPANY Direct Materials...
Perine Company has 3,432 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,290 and 5,750 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to 0 decimal places, e.g. 5,275.) PERINE...
Perine Company has 3,822 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,550 and 5,730 units, respectively, 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is 56. Management desires an ending inventory equal to 28% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to decimal places, eg: 5.275)