Homework Answers
| Buckets to be produced during May | 22000 | |
| Pounds of plastic needed for each bucket | 0.5 | |
| Total pounds of plastic needed for production | 11000 | |
| Add: Ending inventory, pounds of plastic desired | 3000 | =24000*0.5*25% |
| Less: Beginning inventory, pounds of plastic | -2750 | =22000*0.5*25% |
| Pounds of plastic needed to purchase | 11250 | |
| Cost per pound | 2.20 | |
| Estimated cost of purchases for May | 24750 |
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Ending inventory, pounds of plastic desired Beginning inventory, pounds of plastic Total pounds of plastic needed...
cost of plastic is $2.20 per pound Help System Announcements CALCULATOR PRINTER VERSION Brief Exercise 161...
cost of plastic is $2.20 per pound
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Perine Company has 2,376 pounds
of raw materials in its December 31, 2016, ending inventory.
Required production for January and February of 2017 are 4,570 and
6,030 units, respectively. 2 pounds of raw materials are needed for
each unit, and the estimated cost per pound is $9. Management
desires an ending inventory equal to 26% of next month’s materials
requirements. Prepare the direct materials budget for January.
Perine Company has 2,376 pounds of raw materials in its December 31, 2016,...
finished goods inventory budget Ending Finished Goods inventory Budget Item Quanity Cost Total pounds production cost...
finished goods inventory budget
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Perine Company has 1,640 pounds of raw materials in its December 31, 2019, ending inventory. Required...
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cost of plastic is $2.20 per pound
Help System Announcements CALCULATOR PRINTER VERSION Brief Exercise 161 Smoke, Inc. makes and sells buckets. Each bucket uses 1/2 pound of plastic. Budgeted production of buckets in units for the next three months is as follow April May June Budgeted production 21,000 22,000 24,000 The company wants to maintain monthly ending inventories of plastic equal to 25% of the following month's budgeted production needs. The cost of plastic pound. Prepare a direct materins...
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Perine Company has 3,432 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,290 and 5,750 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to 0 decimal places, e.g. 5,275.) PERINE...
Multiple Cholce Questlon A manufacturer requires ending inventory of 5,000 units. Their budgeted unit sales are 20,000 units and beginning finished goods inventor is 3,000 units. The units to be produced is A manufacturing company has budgeted production at 5,000 units for May and 4.400 units in June. Each unit requires 3 pounds of materials at a cost of $10 per pound. On May 1, there are 2,750 pounds of materials on hand. The company desires an ending inventory of...
Perine Company has 4,484 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,270 and 5,890 units, respectively. 5 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 21% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to O decimal places, e.g. 5,275.) PERINE...
Perine Company has 2,376 pounds
of raw materials in its December 31, 2016, ending inventory.
Required production for January and February of 2017 are 4,570 and
6,030 units, respectively. 2 pounds of raw materials are needed for
each unit, and the estimated cost per pound is $9. Management
desires an ending inventory equal to 26% of next month’s materials
requirements. Prepare the direct materials budget for January.
Perine Company has 2,376 pounds of raw materials in its December 31, 2016,...
finished goods inventory budget
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