When preparing a direct materials budget, the required purchases of raw materials in units equals?
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Answer
--Required purchase of raw material units = Raw material units required for productions + Desired units in ending inventory of material - Beginning units of material inventory available.
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When preparing a direct materials budget, the required purchases of raw materials in units equals?
Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget...
Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April $373,300 May 411,800 June 415,300 Wight typically pays 40% on account in the month of billing and 60% the next month. Required: 1. How much cash is required for payments on account in May? $ 2. How much cash is expected for payments on account in June? $
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 240,000 units in the second quarter and 52,500 units in the third quarter. Raw material inventory is 43,200 pounds at the beginning of the second quarter. Other information follows: Direct materials Each unit requires 0.60 pounds of raw material, priced at $175 per pound. The company plans to end each quarter with an ending inventory of materials equal...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 228,000 units in the second quarter and 265,500 units in the third quarter. Raw material inventory is 55,500 pounds at the beginning of the second quarter. Other Information follows: Direct Mar Each unit requires 0.70 pounds of a key raw material, priced at $170 per pound. The company plans to and each quarter with an ending inventory of...
Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production....
Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April $374,400 May 411,200 June 416,000 Wight typically pays 20% on account in the month of billing and 80 % the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?
Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production....
Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April $374,300 May 410,300 June 416,700 Wight typically pays 30% on account in the month of billing and 70% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?
Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in...
Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 44,000 $8.55 6,000 $16.60 February 56,000 $8.55 7,900 $16.60...
Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in...
Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick’s best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 43,000 $8.85 6,300 $17.20 February 60,000 $8.85 7,800 $17.20...
Preparing a Direct Materials Purchases Budget Patrick Inc. makes industrial solvents sold in 5-gallon drum containers....
Preparing a Direct Materials Purchases Budget Patrick Inc. makes industrial solvents sold in 5-gallon drum containers. Planned production in units for the first 3 months of the coming year is: January 45,000 February 50,000 March 60,000 Each drum requires 6 gallons of chemicals and one plastic drum container. Company policy requires that ending inventories of raw materials for each month be 20% of the next month's production needs. That policy was met for the ending inventory of December in the...
Direct Materials Purchases Budget Flash Kick Company manufactures and sells soccer balls for teams of children...
Direct Materials Purchases Budget Flash Kick Company manufactures and sells soccer balls for teams of children in elementary and high school FlashKick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line Chigh-performance soccer balls used in games). In the first four months of next year, Flashkick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 48,000 $8.55 6,000 $16.60 February 60,000 $8.55 8,100...
Direct Materials Purchases Budget: Direct Labor Budget Crescent Company produces stuffed toy animals; one of these...
Direct Materials Purchases Budget: Direct Labor Budget Crescent Company produces stuffed toy animals; one of these is "Arabeau the Cow." Each Arabeau takes 0.20 yard of fabric (white with irregular black splotches) and eight ounces of polyfiberfill. Fabric costs $3.50 per yard and polyfiberfill is $0.05 per ounce. Crescent has budgeted production of Arabeaus for the next four months as follows Units 42,000 90,000 50,000 40,000 October November December anuary Inventory policy requires that sufficient fabric be in ending monthly...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 240,000 units in the second quarter and 52,500 units in the third quarter. Raw material inventory is 43,200 pounds at the beginning of the second quarter. Other information follows: Direct materials Each unit requires 0.60 pounds of raw material, priced at $175 per pound. The company plans to end each quarter with an ending inventory of materials equal...
Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 228,000 units in the second quarter and 265,500 units in the third quarter. Raw material inventory is 55,500 pounds at the beginning of the second quarter. Other Information follows: Direct Mar Each unit requires 0.70 pounds of a key raw material, priced at $170 per pound. The company plans to and each quarter with an ending inventory of...
Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April $374,400 May 411,200 June 416,000 Wight typically pays 20% on account in the month of billing and 80 % the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?
Preparing an Accounts Payable Schedule Wight Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: April $374,300 May 410,300 June 416,700 Wight typically pays 30% on account in the month of billing and 70% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?
Direct Materials Purchases Budget Flash Kick Company manufactures and sells soccer balls for teams of children in elementary and high school FlashKick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line Chigh-performance soccer balls used in games). In the first four months of next year, Flashkick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 48,000 $8.55 6,000 $16.60 February 60,000 $8.55 8,100...
Direct Materials Purchases Budget: Direct Labor Budget Crescent Company produces stuffed toy animals; one of these is "Arabeau the Cow." Each Arabeau takes 0.20 yard of fabric (white with irregular black splotches) and eight ounces of polyfiberfill. Fabric costs $3.50 per yard and polyfiberfill is $0.05 per ounce. Crescent has budgeted production of Arabeaus for the next four months as follows Units 42,000 90,000 50,000 40,000 October November December anuary Inventory policy requires that sufficient fabric be in ending monthly...
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