expects to produce 1,700 units in January and 2,084 units in February. The company budgets $...
expects to produce 1,700 units in January and 2,084 units in February. The company budgets $ 35 per unit for direct materials. 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 $47,500. Yordi desires the ending balance in Raw Materials Inventory to be 60% of the next month's direct materials needed for production. Desired ending balance for February is $48,500. Prepare Yordi's direct materials budget for January and February.
Homework Answers
| Yordi | |||
| Material Budget | |||
| Particulars | Calculations | January | February |
| Estimated Production (Units) | 1,700 | 2,084 | |
| $ | $ | ||
| Material required | 1700x35 & 2084x35 | 59,500 | 72,940 |
| (+) Estimated Closing Inventory | 43,764 | 48,500 | |
| 1,03,264 | 1,21,440 | ||
| (-) Opening Inventory | 1700x35x60% | 47,500 | 43,764 |
| Material to be purchased | 55,764 | 77,676 | |
Add Answer to:
expects to produce 1,700 units in January and 2,084 units in
February. The company budgets $...
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...
Beridze Manufacturing expects to produce 2,200 units in January and 3,500 units in February. Beridze budgets...
Beridze Manufacturing expects to produce 2,200 units in January and 3,500 units in February. Beridze budgets $45 per unit for direct materials. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $38,150. Beridze desires the ending balance in Raw Materials Inventory to be 20% of the next month's direct materials needed for production. Desired ending balance for February is $51,500. What is the cost of budgeted purchases of direct materials needed for January? $...
Learning Objective 3 $22-3 Preparing an operating budget-sales budget Brown Company manufactures luggage sets. Brown sells...
Learning Objective 3 $22-3 Preparing an operating budget-sales budget Brown Company manufactures luggage sets. Brown sells its luggage sets to depart- ment stores. Brown expects to sell 1,700 luggage sets for $180 each in January and 2,050 luggage sets for $180 each in February. All sales are cash only. Prepare the sales budget for January and February S22-4 Preparing an operating budget-production budget Bailey Company expects to sell 1,500 units of finished product in January and 1,750 units in February....
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.
Zortek Corp. budgets production of 440 units in January and 290 units in February. Each finished...
Zortek Corp. budgets production of 440 units in January and 290 units in February. Each finished unit requires six pounds of raw material Z. which costs $3 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The January 1 raw materials inventory has 150 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 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...
Yordi Company expects to produce 1,660 units in January and 1,941 units in February. Yordi budgets...
Yordi Company expects to produce 1,660 units in January and 1,941 units in February. Yordi budgets six direct labor hours per unit. Direct labor costs average $19 per hour. Prepare Yordi's direct labor budget for January and February Begin by preparing the direct labor budget for January and February through the total direct labor hours needed for production line and then complete the budget by calculating the budgeted direct labor cost Yordi Company Direct Labor Budget Two Months Ended January...
BUDGETS #1 Create a sales budget. Thunder Creek Company expects sales of 18,000 units in January...
BUDGETS #1 Create a sales budget. Thunder Creek Company expects sales of 18,000 units in January 2018, 24,000 units in February, 30,000 units in March, 34,000 in April, and 36,000 in May. The sales price is $48 per unit. #2 Create a production budget. Thunder Creek wants to finish each month with 20% of next month's sales in units. #3 Create a Direct Materials Budget Thunder Creek Company uses 2 pounds of direct materials for each unit it produces, at...
Yosko Company expects to produce 1,990 units in January and 1,957 units in February. Yosko budgets six direct labor hou...
Yosko Company expects to produce 1,990 units in January and 1,957 units in February. Yosko budgets six direct labor hours per unit. Direct labor costs average $15 per hour. Prepare Yosko's direct labor budget for January and February Begin by preparing the direct labor budget for January and February through the total direct labor hours needed for production line and then complete the budget by calculating the budgeted direct labor cost. Yosko Company Direct Labor Budget Two Months Ended January...
Yosko Company expects to sell 2.050 units of finished product in January and 2.400 units in...
Yosko Company expects to sell 2.050 units of finished product in January and 2.400 units in February The company has 150 units on hand on January 1 and desires to have an ending inventory equal to 60% of the next month's sales. March sales are expected to be 2.500 units Prepare Yoko's production budget for January and February Select the labels, enter the amounts and prepare the production budget for January. Then, prepare the production budget for February Yosko Company...
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...
Beridze Manufacturing expects to produce 2,200 units in January and 3,500 units in February. Beridze budgets $45 per unit for direct materials. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $38,150. Beridze desires the ending balance in Raw Materials Inventory to be 20% of the next month's direct materials needed for production. Desired ending balance for February is $51,500. What is the cost of budgeted purchases of direct materials needed for January? $...
Learning Objective 3 $22-3 Preparing an operating budget-sales budget Brown Company manufactures luggage sets. Brown sells its luggage sets to depart- ment stores. Brown expects to sell 1,700 luggage sets for $180 each in January and 2,050 luggage sets for $180 each in February. All sales are cash only. Prepare the sales budget for January and February S22-4 Preparing an operating budget-production budget Bailey Company expects to sell 1,500 units of finished product in January and 1,750 units in February....
Zortek Corp. budgets production of 440 units in January and 290 units in February. Each finished unit requires six pounds of raw material Z. which costs $3 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The January 1 raw materials inventory has 150 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 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...
Yordi Company expects to produce 1,660 units in January and 1,941 units in February. Yordi budgets six direct labor hours per unit. Direct labor costs average $19 per hour. Prepare Yordi's direct labor budget for January and February Begin by preparing the direct labor budget for January and February through the total direct labor hours needed for production line and then complete the budget by calculating the budgeted direct labor cost Yordi Company Direct Labor Budget Two Months Ended January...
Yosko Company expects to produce 1,990 units in January and 1,957 units in February. Yosko budgets six direct labor hours per unit. Direct labor costs average $15 per hour. Prepare Yosko's direct labor budget for January and February Begin by preparing the direct labor budget for January and February through the total direct labor hours needed for production line and then complete the budget by calculating the budgeted direct labor cost. Yosko Company Direct Labor Budget Two Months Ended January...
Yosko Company expects to sell 2.050 units of finished product in January and 2.400 units in February The company has 150 units on hand on January 1 and desires to have an ending inventory equal to 60% of the next month's sales. March sales are expected to be 2.500 units Prepare Yoko's production budget for January and February Select the labels, enter the amounts and prepare the production budget for January. Then, prepare the production budget for February Yosko Company...
Most questions answered within 3 hours.
-
An FM modulator is tested using
single-tone baseband signal with frequency of 50kHz and a sprectrum...
asked 6 minutes ago -
Write the ionic equations for the first stage of salts
hydrolysis.
Anion, Cation?
Na2S
NiSO4
K2SO4...
asked 1 hour ago -
suppose there is a normally distributed population with a mean of
250 and a standard deviation...
asked 2 hours ago -
Question Three
Suppose you as project manager are using the Waterfall
development methodology on a large...
asked 3 hours ago -
Which statement is not true about welfare in Canada?
A.Benefits typically vary based on one's ability...
asked 3 hours ago -
Please help me with FLOWCHART and UML diagram for class,
thank you!
#include <iostream>
#include <fstream>...
asked 4 hours ago -
3. Describe the “logic circuit” of the Lac operon. Which
proteins are bound or not to...
asked 4 hours ago -
Ayesha’s adjusted gross income is $60,000 in 2019. She donated a
piece of artwork with a...
asked 4 hours ago -
For Dijkstra’s shortest path algorithm:
a. Give the Big-O time for Dijkstra’s shortest path algorithm
and...
asked 4 hours ago -
Phosphorus violates the 'octet rule' in biological molecules,
forming more covalent bonds than expected based on...
asked 5 hours ago -
A 1.3 eV electron has a 10-4 probability of tunneling
through a 2.4 eV potential barrier....
asked 5 hours ago -
What is the one ingredient that is common to being successful
with all stakeholders?
profit
trust...
asked 5 hours ago