Question

Helste Announcements CALCULATOR PRINTER VERSION LACK Question Bellevue Industrial has estimated that production for the next five quarters will be Production Information 1st quarter 2017 44,000 units 2nd quarter, 2017 40,000 units 3rd quarter, 2017 48,000 units 4th Quarter, 2017 38,000 units 1st quarter 2018 46.000 units Finished units of production requires pounds of raw material per unit. The raw material cost is $3 per pound. There is $126.720 of raw material on hand at the beginning of the first quarter 2017. Bellevue desires to have 12 percent of next quarter's material requirements on hand at the end of each quarter Prepare quarterly direct materials purchases budgets for Bellevue Industrial for 2017 Belle Industrial Direct Materials Purchase Budget For the Year Ending December 31, 2017 Quarter 2 Quarter 1 Quarter Quarter 4 Your Click if you would like to show Work for this questione Deen Shot Question Attempts of i uved SAVE FOR LATER search D SUBMIT ANSWER SPM 12000 DOLL

Answer 1

MATERIAL BUDGET	Quarter 1	Quarter 2	Quarter 3	Quarter 4	Year
Units to be produced	44000	40000	48000	38000	170000
Material required(8 pounds)	352000	320000	384000	304000	1360000
Add: desired rending imventory	38400	46080	36480	163200	284160
(12% of next Q material)
Less: opening direct material($3)	42240	38400	46080	36480	163200
Direct material purchases(pounds)	348160	327680	374400	430720	1480960
Rate per unit	3	3	3	3	3
Raw material cost	1044480	983040	1123200	1292160	4442880