Rhett Corporation manufactures and sells dress shirts. Each shirt (unit) requires 2 yards of cloth. Selected...
Rhett Corporation manufactures and sells dress shirts. Each
shirt (unit) requires 2 yards of cloth. Selected data from Rhett's
master budget for next quarter are shown below:
| April | May | June | |
| Budgeted sales (in units) | 35,500 | 35,600 | 33,200 |
| Budgeted production (in units) | 37,000 | 39,500 | 36,700 |
| Desired ending inventory of cloth (in yards) | 4,310 | 2,870 | 2,190 |
How many yards of cloth should Rhett plan on purchasing in May?
Homework Answers
Answer:
| Particulars | May |
| Budgeted production | 39,500 |
| Per unit material | 2 |
| Total material required for production | 79,000 |
| Add: ending Inventory | 2,870 |
| Less: Beginning Inventory | 4,310 |
| Total cloth purchase requirement (Yards) | 77,560 |
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