Homework Answers
Solution
| April | May | June | July | |
| Units to be Produced | 3865 | 4106 | 4185 | 3808 |
Working
| CROY INC. | ||||
| Production budget | ||||
| April | May | June | July | |
| Units to be sold | 3850 | 3875 | 4260 | 4135 |
| Desired Ending Finished Inventoey | 2325 | 2556 | 2481 | 2154 |
| Total Units needed | 6175 | 6431 | 6741 | 6289 |
| Less : Beginning Finished Inventory | 2310 | 2325 | 2556 | 2481 |
| Units to be Produced | 3865 | 4106 | 4185 | 3808 |
.Requirement 2
| April | May | June | ||
| Total budgeted direct materials cost | $ 24,710.10 | $ 25,702.10 | $ 24,778.30 |
Working
| CROY INC. | ||||
| For April, May, and June | ||||
| April | May | June | July | |
| Budgeted production (units) | 3865 | 4106 | 4185 | 3808 |
| Materials requirements per unit | 2 | 2 | 2 | 2 |
| Materials needed for production (lbs.) | 7730 | 8212 | 8370 | 7616 |
| Budgeted ending inventory (lbs.) | 4106 | 4185 | 3808 | |
| Total materials requirements (lbs.) | 11836 | 12397 | 12178 | |
| Beginning inventory (lbs.) | 3865 | 4106 | 4185 | |
| Materials to be purchased (lbs.) | 7971 | 8291 | 7993 | |
| Cost per lb. | $ 3.10 | $ 3.10 | $ 3.10 | |
| Total budgeted direct materials cost | $ 24,710.10 | $ 25,702.10 | $ 24,778.30 | |
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Croy Inc. has the following projected sales for the next five months Month April May June...
Croy Inc. has the following projected sales for the next five months Month April May June...
Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3,520 3,920 4,600 4,130 3,950 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,480 3,945 4,510 4,190 3,970 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,590 3,845 4.580 4,125 3,910 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $2.60 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June...
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Croy Inc. has the following projected sales for the next five months Month April May June...
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Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3,520 3,920 4,600 4,130 3,950 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,480 3,945 4,510 4,190 3,970 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,590 3,845 4.580 4,125 3,910 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $2.60 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,450 3,915 4,560 4,105 3,920 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct material costs $3.40 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
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