Homework Answers
Direct material as follows:
| Production Budget: | |
| Finished goods (units) | |
| Budget sales | 48,000 |
| Add: Target ending finished goods inventory | 16,000 |
| Total requirements | 64000 |
| Less: Beginning finished goods inventory | -14000 |
| Units to be produced | 50000 |
| Direct material purchase budget: | |
| Direct material (in gallons) | |
| Direct material needed for production (50,000 × 2 gallons) | 100,000 |
| Add: Target ending direct material inventory | 58,000 |
| Total requirements | 158,000 |
| Less: Target beginning direct material inventory | -68000 |
| Direct material to be purchased | 90,000 |
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end of the succeeding quarter.
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gallons of direct materials at December 31 and has a...
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I filled in the Production Budget from the information given at the beginning and I think I did it correctly, but I'm c...
I filled in the Production Budget from the information given at
the beginning and I think I did it correctly, but I'm confused by
the Direct Materials information to input.
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The Howell company has prepared a sale budget of
49,000 finished units for a 3 months period. The company has an
inventory of 11,000 units of finished goods in band at December 31
and has a target finished goods inventory of 13,000 units at the
end of the succeeding quarter.
It takes 3 gallons of direct materials to make one
unit of finished product. The company has inventory of 64,000
gallons of direct materials at December 31 and has a...
Northern Illinois Company expects to sell 36,000 units of finished goods over the next 6-month period. The company has 12,000 finished units on hand and its managers want to have 14,000 units on hand at the end of the period. To produce one unit of finished product, two pounds of direct materials are needed. Northern Illinois has 80,000 pounds of direct material on hand and has budgeted for an ending inventory of 120,000 pounds of direct material. What is the...
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John Company expects to sell 50,150 units of finished goods over the next three-month period. The company has 19,090 units on hand and its managers want to have 28,190 units on hand at the end of the period. To produce one unit of finished product, 4 units of direct materials are needed. John has 111,390 units of direct material on hand and has budgeted for an ending inventory of 158,110 units. What is the amount of direct material to be...
I filled in the Production Budget from the information given at
the beginning and I think I did it correctly, but I'm confused by
the Direct Materials information to input.
Learning Objective: Estimate materials requirements for production Madison Plastics makes specialized water lines for custom pools. They expect to sell 32,000 units in the next quarter. The beginning finished goods inventory balance is 8,000 units and the target ending finished goods inventory balance should be 3,500 for the quarter. There...
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