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.
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