DeWitt Industries has adopted the following production budget
for the first 4 months of 2017.
Month |
Units |
Month |
Units |
|||
---|---|---|---|---|---|---|
January | 10,120 | March | 5,480 | |||
February | 8,460 | April | 4,370 |
Each unit requires 5 pounds of raw materials costing $3 per pound.
On December 31, 2016, the ending raw materials inventory was 9,240
pounds. Management wants to have a raw materials inventory at the
end of the month equal to 20% of next month’s production
requirements.
Prepare a direct materials purchases budget by month for the first
quarter.
DEWITT INDUSTRIES |
|||||||
---|---|---|---|---|---|---|---|
January |
February |
March |
|||||
select an opening Direct Materials Purchases Budget item Direct Labor Cost Per HourDirect Labor Time Per UnitCost Per PoundTotal Direct Labor CostDirect Materials Per UnitTotal Pounds Needed for ProductionTotal Required Direct Labor HoursUnits to be ProducedTotal Cost of Direct Materials PurchasesDirect Materials PurchasesBeginning Direct MaterialsTotal Materials RequiredDesired Ending Direct Materials |
Enter a number of units |
Enter a number of units |
Enter a number of units |
||||
select a direct materials purchases budget item Direct Labor Time Per UnitUnits to be ProducedTotal Cost of Direct Materials PurchasesTotal Direct Labor CostBeginning Direct MaterialsDirect Materials PurchasesDirect Labor Cost Per HourDirect Materials Per UnitTotal Materials RequiredTotal Required Direct Labor HoursDesired Ending Direct MaterialsTotal Pounds Needed for ProductionCost Per Pound |
enter an amount of pounds | enter an amount of pounds | enter an amount of pounds | ||||
select a closing name for the first part Desired Ending Direct MaterialsTotal Required Direct Labor HoursDirect Labor Cost Per HourDirect Materials PurchasesTotal Materials RequiredBeginning Direct MaterialsTotal Cost of Direct Materials PurchasesDirect Labor Time Per UnitCost Per PoundTotal Direct Labor CostUnits to be ProducedTotal Pounds Needed for ProductionDirect Materials Per Unit |
enter a total number of units for the first part |
enter a total number of units for the first part |
enter a total number of units for the first part |
||||
select between addition and deduction AddLess: select a direct materials purchases budget item Direct Labor Cost Per HourDirect Materials PurchasesTotal Direct Labor CostDirect Materials Per UnitDirect Labor Time Per UnitTotal Required Direct Labor HoursCost Per PoundDesired Ending Direct MaterialsTotal Cost of Direct Materials PurchasesTotal Materials RequiredTotal Pounds Needed for ProductionUnits to be ProducedBeginning Direct Materials |
enter an amount of pounds | enter an amount of pounds | enter an amount of pounds | ||||
select a closing name for the second part Direct Labor Time Per UnitTotal Cost of Direct Materials PurchasesTotal Pounds Needed for ProductionTotal Required Direct Labor HoursCost Per PoundTotal Direct Labor CostTotal Materials RequiredDirect Materials PurchasesDesired Ending Direct MaterialsDirect Materials Per UnitUnits to be ProducedDirect Labor Cost Per HourBeginning Direct Materials |
enter a total amount for the second part |
enter a total amount for the second part |
enter a total amount for the second part |
||||
select between addition and deduction AddLess: select a direct materials purchases budget item Desired Ending Direct MaterialsBeginning Direct MaterialsDirect Labor Time Per UnitTotal Materials RequiredTotal Direct Labor CostCost Per PoundDirect Materials PurchasesDirect Materials Per UnitTotal Pounds Needed for ProductionDirect Labor Cost Per HourTotal Cost of Direct Materials PurchasesTotal Required Direct Labor HoursUnits to be Produced |
enter an amount of pounds | enter an amount of pounds | enter an amount of pounds | ||||
select a closing name for the third part Total Pounds Needed for ProductionTotal Materials RequiredBeginning Direct MaterialsUnits to be ProducedTotal Cost of Direct Materials PurchasesDirect Materials Per UnitCost Per PoundDirect Labor Time Per UnitDirect Labor Cost Per HourTotal Required Direct Labor HoursDirect Materials PurchasesTotal Direct Labor CostDesired Ending Direct Materials |
enter a total amount for the third part |
enter a total amount for the third part |
enter a total amount for the third part |
||||
select a direct materials purchases budget item Direct Materials PurchasesCost Per PoundTotal Cost of Direct Materials PurchasesUnits to be ProducedTotal Pounds Needed for ProductionDirect Labor Cost Per HourTotal Required Direct Labor HoursDirect Materials Per UnitTotal Materials RequiredDirect Labor Time Per UnitTotal Direct Labor CostDesired Ending Direct MaterialsBeginning Direct Materials |
$enter a dollar amount | $enter a dollar amount | $enter a dollar amount | ||||
select a closing Direct Materials Purchases Budget item Cost Per PoundTotal Direct Labor CostTotal Materials RequiredDirect Labor Cost Per HourTotal Required Direct Labor HoursDirect Labor Time Per UnitDirect Materials PurchasesDesired Ending Direct MaterialsDirect Materials Per UnitTotal Cost of Direct Materials PurchasesBeginning Direct MaterialsUnits to be ProducedTotal Pounds Needed for Production |
$enter a total amount for the Direct Materials Purchases Budget | $enter a total amount for the Direct Materials Purchases Budget | $enter a total amount for the Direct Materials Purchases Budget |
If
you have any query ask in comment section. If you like the answer
plz rate. Thanks
DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month...
Exercise 21-5
DeWitt Industries has adopted the following production budget
for the first 4 months of 2017.
Month
Units
Month
Units
January
10,100
March
5,200
February
8,400
April
4,230
Each unit requires 5 pounds of raw materials costing $4 per pound.
On December 31, 2016, the ending raw materials inventory was 9,260
pounds. Management wants to have a raw materials inventory at the
end of the month equal to 20% of next month’s production
requirements.
Prepare a direct materials purchases...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,230 March 5,410 February 8,150 April 4,500 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 6,138 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements. Prepare a direct materials purchases budget by...
Exercise 22-05
DeWitt Industries has adopted the following production budget
for the first 4 months of 2020.
Month
Units
Month
Units
January
10,470
March
5,440
February
8,470
April
4,340
Each unit requires 4 pounds of raw materials costing $4 per pound.
On December 31, 2019, the ending raw materials inventory was 8,376
pounds. Management wants to have a raw materials inventory at the
end of the month equal to 20% of next month’s production
requirements.
Prepare a direct materials purchases...
Exercise 9-5 (Video)
Your answer is partially correct. Try again.
DeWitt Industries has adopted the following production budget for
the first 4 months of 2020.
Month
Units
Month
Units
January
10,230
March
5,450
February
8,200
April
4,290
Each unit requires 5 pounds of raw materials costing $4 per pound.
On December 31, 2019, the ending raw materials inventory was 10,230
pounds. Management wants to have a raw materials inventory at the
end of the month equal to 20% of next...
Sheffield, Inc., is preparing its direct labor budget for 2017
from the following production budget based on a calendar
year.
Quarter
Units
Quarter
Units
1
20,360
3
35,200
2
25,280
4
30,170
Each unit requires 1.80 hours of direct labor.
Prepare a direct labor budget for 2017. Wage rates are expected to
be $18 for the first 2 quarters and $20 for quarters 3 and 4.
(Round Direct labor time per unit answers to 2 decimal
places, e.g. 52.65.)
SHEFFIELD,...
Exercise 21-9
Rodriguez, Inc., is preparing its direct labor budget for 2017
from the following production budget based on a calendar year.
Quarter
Units
Quarter
Units
1
20,270
3
35,430
2
25,100
4
30,320
Each unit requires 1.60 hours of direct labor.
Prepare a direct labor budget for 2017. Wage rates are expected to
be $18 for the first 2 quarters and $20 for quarters 3 and 4.
(Round Direct labor time per unit answers to 2 decimal
places, e.g....
Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2017. 1. Sales: quarter 1, 28,100 bags; quarter 2, 43,400 bags. Selling price is $63 per bag. 2. Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $3.8 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desired inventory levels: Type of Inventory January...
Deleon Inc. is preparing its annual budgets for the year ending December 31, 2017. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 403,400 203,700 Unit selling price $22 $27 Production budget: Desired ending finished goods units 29,900 17,700 Beginning finished goods units 34,700 12,000 Direct materials budget: Direct materials per unit (pounds) 1 2 Desired ending direct materials pounds 32,800 16,600 Beginning direct materials pounds 43,800 13,300 Cost per...
Culver Inc. is preparing its annual budgets for the year ending
December 31, 2017. Accounting assistants furnish the data shown
below.
Product
JB 50
Product
JB 60
Sales budget:
Anticipated volume in units
404,400
202,600
Unit selling price
$23
$28
Production budget:
Desired ending finished goods
units
27,300
19,000
Beginning finished goods units
34,700
13,000
Direct materials budget:
Direct materials per unit (pounds)
2
2
Desired ending direct materials
pounds
34,200
19,400
Beginning direct materials pounds
44,400
12,000
Cost per...
Question 4
For Wildhorse Company, units to be produced are 5,520 in quarter 1
and 6,500 in quarter 2. It takes 1.5 hours to make a finished unit,
and the expected hourly wage rate is $15 per hour.
Prepare a direct labor budget by quarters for the 6 months ending
June 30, 2020.
WILDHORSE COMPANY
Direct Labor Budget
For
the Six Months Ending June 30, 2020For the Quarter Ending June 30,
2020June 30, 2020
Quarter
1
2
Six Months
Total...