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#1 #2 Croy Incorporated has the following projected sales for the next five months: Croy's finished goods inventory policy is to have 50 percent of
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Croy Incorporated has the following projected sales for the next five months: 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 materials cost $2.90 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,675 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of direct materials purchased for April and May. Complete this question by entering your answers in the tabs below. Determine budgeted production for April, May, and June. Note: Do not round your intermediate calculations and round your final answers to the nearest whole number. Determine budgeted cost of direct materials purchased for April and May. Note: Use rounded Budgeted Production units in intermediate calculations. The following information is available for Pioneer Company: - Sales price per unit is $130. - November and December sales were budgeted at 3,200 and 3,600 units, respectively. - Variable costs are 12 percent of sales (5 percent commission, 3 percent advertising, 4 percent shipping). - Fixed costs per month are sales salaries, $5,500; office salaries, $2,100; depreciation, $2,200; building rent, $3,200; insurance, $1,400; and utilities, $900. Required: Determine Pioneer's budgeted selling and administrative expenses for November and December
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