Homework Answers
| Jan | Feb | Mar | Qtr | Apr | |
| Budgeted Production | 11,430 | 8,880 | 9,300 | 29,610 | 13,700 |
| Standard pounds per unit | 3 | 3 | 3 | 3 | 3 |
| Production needs | 34,290 | 26,640 | 27,900 | 88,830 | 41,100 |
| Budgeted Ending Inventory | 33,898 | 35,473 | 51,973 | 51,973 | |
| Total Material required | 68,188 | 62,113 | 79,873 | 140,803 | |
| Beginning Inventory | 43,461 | 33,898 | 35,473 | 43,461 | |
| Budgeted Purchases | 24,728 | 28,215 | 44,400 | 97,343 |
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CALCULATOR PRINTER VERSION BACK NEXT Exercise 5-13 Concord Auto has developed the following production plan for...
Return to Blackboard JS Davis, Managerial Accounting, 3e Help I System Announcements PRINTER VERSSION CALCULATOR BA...
Return to Blackboard JS Davis, Managerial Accounting, 3e Help I System Announcements PRINTER VERSSION CALCULATOR BACK NEXT January February March April Budgeted production (units) 10,000 8,000 9,000 12,000 Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 120 % of the next month's production needs, plus an additional 500 pounds.. January's beginning inventory requirements equal 120 % of the current month's production needs, plus an additional 500 pounds. Prepare the direct materials purchases budget...
CALCULATOR PRINTER VERSION BACK NEXT > Exercise 5-12 Concord manufactures competition stunt kites. In November, Jerry...
CALCULATOR PRINTER VERSION BACK NEXT > Exercise 5-12 Concord manufactures competition stunt kites. In November, Jerry Box prepared the following production budget for the first quarter of the coming year. Desired ending inventory is based on the following month's budgeted sales, Budgeted unit Sales Budgeted ending inventory Total units required Beginning inventory Budgeted production January February March Quarter 23,500 37,800 31,800 93,100 7,560 6,360 2,640 2,640 31,060 44,160 34,440 95,740 4,700 7.560 6,360 4,700 26.360 36,600 28,080 91,040 Following higher...
Paul Corp's budgeted production in units and budgeted raw material purchases over the next three months...
Paul Corp's budgeted production in units and budgeted raw material purchases over the next three months are given below: February Budgeted production (units) Budgeted raw material purchases (in lbs) January 50,000 106,000 March 80,000 188,000 132,000 Materials required to produce one unit of product: The % of materials prepared in the beginning inventory equals to Materials on Jan. 1 2 lbs 30% of that month's production needs 30,000 pounds Budgeted production for February should be: A. 54,000 units 60,000 units...
Exercise 13-5 Pina Industries has adopted the following production budget for the first 4 months of...
Exercise 13-5 Pina Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units 10,470 March January 5,490 February 8,260 April 4,450 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,270 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases...
FULL SCREEN PRINTER VERSION DeWitt Industries has adopted the following production budget for the first 4...
FULL SCREEN PRINTER VERSION DeWitt Industries has adopted the following production budget for the first 4 months of 2020. January February Units 10,130 8.490 Month March April Units 5,120 4,380 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 10,130 pounds. Management wants to have a raw materials Inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials...
Concord Industries has adopted the following production budget for the first 4 months of 2017. Month...
Concord Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,120 March 5,480 February 8,460 April 4,370 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 9,240 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in units) 54,000 ? 80,000 Budgeted raw materials purchases (in pounds) 115,800 141,800 197,800 Two pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 30% of the following month's production needs. The company is expected to have 31,000...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months...
Marst Corporation's budgeted production in units and budgeted raw materials purchases over the next three months are given below: January February March Budgeted production (in units) 71,300 ? 86,500 Budgeted raw materials purchases (in pounds) 199,977 171,100 165,300 Three pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 21% of the following month's production needs. The company is expected to have 44,919...
System Announcements CALCULATOR PRINTER VERSION BACK NEXT RCES Exercise 5-11 Joshua Hill, Coronado & Hill Fabricators'...
System Announcements CALCULATOR PRINTER VERSION BACK NEXT RCES Exercise 5-11 Joshua Hill, Coronado & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter. January February March April May June 5,000 9.750 3.750 7.250 23,000 20,000 Company policy requires an ending finished goods inventory each month that will meet 5% of the following month's sales volume. Joshua plans to have 1,400 finished bricks at a cost of $12,250 in inventory at the beginning of the...
CALCULATOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 9-4 Perine Company has 4,872 pounds of raw...
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...
Return to Blackboard JS Davis, Managerial Accounting, 3e Help I System Announcements PRINTER VERSSION CALCULATOR BACK NEXT January February March April Budgeted production (units) 10,000 8,000 9,000 12,000 Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 120 % of the next month's production needs, plus an additional 500 pounds.. January's beginning inventory requirements equal 120 % of the current month's production needs, plus an additional 500 pounds. Prepare the direct materials purchases budget...
CALCULATOR PRINTER VERSION BACK NEXT > Exercise 5-12 Concord manufactures competition stunt kites. In November, Jerry Box prepared the following production budget for the first quarter of the coming year. Desired ending inventory is based on the following month's budgeted sales, Budgeted unit Sales Budgeted ending inventory Total units required Beginning inventory Budgeted production January February March Quarter 23,500 37,800 31,800 93,100 7,560 6,360 2,640 2,640 31,060 44,160 34,440 95,740 4,700 7.560 6,360 4,700 26.360 36,600 28,080 91,040 Following higher...
Paul Corp's budgeted production in units and budgeted raw material purchases over the next three months are given below: February Budgeted production (units) Budgeted raw material purchases (in lbs) January 50,000 106,000 March 80,000 188,000 132,000 Materials required to produce one unit of product: The % of materials prepared in the beginning inventory equals to Materials on Jan. 1 2 lbs 30% of that month's production needs 30,000 pounds Budgeted production for February should be: A. 54,000 units 60,000 units...
Exercise 13-5 Pina Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units 10,470 March January 5,490 February 8,260 April 4,450 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,270 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases...
FULL SCREEN PRINTER VERSION DeWitt Industries has adopted the following production budget for the first 4 months of 2020. January February Units 10,130 8.490 Month March April Units 5,120 4,380 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 10,130 pounds. Management wants to have a raw materials Inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials...
Concord Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,120 March 5,480 February 8,460 April 4,370 Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 9,240 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by...
System Announcements CALCULATOR PRINTER VERSION BACK NEXT RCES Exercise 5-11 Joshua Hill, Coronado & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter. January February March April May June 5,000 9.750 3.750 7.250 23,000 20,000 Company policy requires an ending finished goods inventory each month that will meet 5% of the following month's sales volume. Joshua plans to have 1,400 finished bricks at a cost of $12,250 in inventory at the beginning of the...
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...
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