Question

cu Х Data Table of Stuffed animals to be produced 5,500 4,500 4.700 4,400 January February .... March 1 April ald Print Done

McKnight Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside e

Less: Beginning inventory of direct materials Quantity to purchase Multiply by: Cost per unit Total cost of direct material p

0 0
Add a comment Improve this question Transcribed image text
Answer #1
Please give positive ratings so I can keep answering. It would help me a lot. Please comment if you have any query. Thanks!
McKnight
Direct Materials Budget January February March Qtr. 1 April
Production Budget      5,500.00      4,500.00      4,700.00 14,700.00      4,400.00 See J
Material needed per unit             2.00             2.00             2.00             2.00 K
Material needed for Production 11,000.00     9,000.00     9,400.00 29,400.00     8,800.00 L=J*K
Add: Desired Ending Inventory      2,250.00      2,350.00      2,200.00     2,200.00 M= 25% of L of next month
Total needed 13,250.00 11,350.00 11,600.00 31,600.00 13,202.00 N=L+M
Less: Expected Beginning Inventory      2,750.00      2,250.00      2,350.00     2,750.00      1,760.00 O= 25% of L of same month
Direct Materials Purchase Budget 10,500.00     9,100.00     9,250.00 28,850.00 P=N-O
Price per chip             2.00             2.00             2.00 Q
Total cost of Direct Materials purchases 21,000.00 18,200.00 18,500.00 57,700.00 R=P*Q
Add a comment
Know the answer?
Add Answer to:
cu Х Data Table of Stuffed animals to be produced 5,500 4,500 4.700 4,400 January February...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT