Homework Answers
10.
| January | February | March | ||
| Estimated sales (units) | 770 | 840 | 910 | |
| + | Desired ending inventory (units) | 84 (840*10%) | 91 (910*10%) | 98 (980*10%) |
| - | Beginning inventory (units) | 77 (770*10%) | 84 | 91 |
| = | Required production (in units) | 777 | 847 | 917 |
11.
| January | February | March | ||
| Required production (in units) | 770 | 840 | 770 | |
| Raw material needed per unit (Ibs) | 5 | 5 | 5 | |
| = | Production needs (Ibs) | 3,850 (770*5) | 4,200 (840*5) | 3,850 (770*5) |
| + | Desired ending inventory (Ibs) | 420 (4,200*10%) | 385 (3,850*10%) | 455 (910*5*10%) |
| - | Beginning inventory (Ibs) | 100 | 420 | 385 |
| = | Raw material to be purchased (Ibs) | 4,170 | 4,165 | 3,920 |
| Cost per raw material (per Ib) | 0.20 | 0.20 | 0.20 | |
| = | Cost of raw material purchases | $834 (4170*0.20) | $833 (4165*0.20) | $784 (3920*0.20) |
12.
| January | February | March | ||
| Required production (in units) | 770 | 840 | 770 | |
| Direct labor hours per unit (in hours) | 0.25 (15mins/60mins) | 0.25 | 0.25 | |
| = | Total DL hours required | 192.5 (770*0.25) | 210 (840*0.25) | 192.5 (770*0.25) |
| Direct labor cost per hour | $9 | $9 | $9 | |
| = | Total direct labor cost | $1,732.5 (192.5*$9) | $1,890 (210*$9) | $1,732.5 (192.5*$9) |
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1. 2. A E 3 4 5 6 7 8 9 B D Budget Assumptions For...
1.
2.
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1.
2.
A E 3 4 5 6 7 8 9 B D Budget Assumptions For the months of January, February, and March January February Selling price per unit $200 $200 Budgeted sales (units) 12,000 15,000 Budgeted sales (units) April Budgeted production (units) April Ratio of ending finished goods inventory to next month's sales Ratio of ending raw materials inventory to next month's requirements Number of units in finished goods inventory, January 1 Number of pounds in raw materials inventory,...
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