Units produced = Budgeted units sold + Ending inventory -
Beginning inventory
Units produced = 48,000 + 18,000 - 13,000
Units produced = 53,000
Materials to be used in production = Units produced * Direct
materials per unit
Materials to be used in production = 53,000 * 4
Materials to be used in production = 212,000
Iuuestion Help The McKnight Company has prepared a sales budget of 48,000 finished units for a...
E6-24 (similar to) Question Help The McKnight Company has prepared a sales budget of 41,000 finished units for a 3-month period. The company has an inventory of 16,000 units of finished goods on hand at December 31 and has a target finished goods inventory of 18,000 units at the end of the succeeding quarter. It takes 2 gallons of direct materials to make one unit of finished product. The company has inventory of 68,000 gallons of direct materials at December...
The Alderman Company has prepared a sales budget of 48,000 finished units for a 3-month period. The company has an inventory of 14,000 units of finished goods on hand at December 31 and has a target finished goods inventory of 16,000 units at the end of the succeeding quarter. It takes 2 gallons of direct materials to make one unit of finished product. The company has inventory of 68,000 gallons of direct materials at December 31 and has a target...
The Rouse Company has prepared a sales budget of 45,000 finished units for a 3-month period. The company has an inventory of 11,000 units of finished goods on hand at December 31 and has a target finished goods inventory of 14,000 units at the end of the succeeding quarter It takes 4 gallons of direct materials to make one unit of finished product. The company has inventory of 61,000 gallons of direct materials at December 31 and has a target...
03. [60% of test) The Howell Company has prepared a sales budget of 30,000 finished units for a 3- month period. The company has an inventory of 9,000 units of finished goods on hand at December 31 and has a target finished goods inventory of 11.000 units at the end of the succeeding quarter. It takes 5 gallons of direct materials to make one unit of finished product. The company has an inventory of 56,000 gallons of direct materials at...
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...
Pina Company's sales budget projects unit sales of part 1987 of 10,700 units in January, 12,200 units in February, and 13,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound. Pina Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2016....
Monty Company’s sales budget projects unit sales of part 198Z of 10,400 units in January, 13,000 units in February, and 13,400 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $3 per pound. Monty Company desires its ending raw materials inventory to equal 40% of the next month’s production requirements, and its ending finished goods inventory to equal 20% of the next month’s expected unit sales. These goals were met at December 31, 2016....
*Exercise 9-8 Fuqua Company's sales budget projects unit sales of part 198z of 10,700 units in January, 12,400 units in February, and 13,500 units in March. Each unit of part 198Z requires 2 pounds of materials, which cost $5 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December...
question is a. revenues budget
b.production budget in units
c. direct materials usage budget
d. direct materials purchases budget
e. direct manufacturing labour budget
f. manufacturing overhead budget
g.ending inventories budget( direct materials and finished
goods)
h. cost of goods sold budget
Part A (80 Marks) Perpetual Clocks is a manufacturer of clocks. It makes two products: Homeware Clocks - medium wall clocks made from Plastics. Custom Clocks-large free-standing clocks made from Tasmanian...
A company has the following annual budget data: Beginning finished goods inventory 55,000 units Sales 85,000 units Ending finished goods inventory 45,000 units Direct materials $ 15 per unit Direct labor $ 25 per unit Variable factory overhead $ 8 per unit Selling costs $ 4 per unit Fixed factory overhead $ 95,000 What are total budgeted production costs for the year? (CIA adapted)