1.

2.

Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 36,000 passenger car tires and 11,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires according to the following table Truck Passenger Car Rubber Steel belts 5 lbs. per unit 13 lbs. per unit The purchase prices of rubber and steel are $2.8 and $3.7 per pour l respectively The desire 29 ibs. per unit 68 lbs. per unit en ingin entres of rub e r and teel belts are 000 in 7,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 40,000 and 6,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20y9. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Total Rubber Pounds required for production: Passenger tires Truck tires Next Previous Check My Work 5 more Check My Work uses remaining 4:50 PM The purchase prices of rubber and steel are $2.8 and $3.7 per pound, respectively. The desired ending inventories of rubber and steel belts are 34,000 and 7,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 40,000 and 6,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Comipany for the year ended December 31, 20Y9. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber Steel Belts Pounds required for production Passenger tires Truck tires Total pounds available Total units purchased Unit price eal dret neterisb to be puc Next Previous Check My Work 5 more Check My Work uses remaining Cost of Goods Sold Budget Delaware Chemical Company uses oil to produce two types of plastic products, Pl and P2. Delaware budgeted 31,100 barrels of foll for purchase in June for $71 per barrel. Direct labor budgeted in the chemical process was $242,900 for June. Factory overhead was budgeted at $397,500 during June. The inventories on June 1 were estimated to be: Oil P1 P2 Work in process The desired inventories on June 30 were: Oil p1 P2 Work in process $17,000 11,400 14,100 $18,700 10,400 9,200 14,600 Use the preceding information to prepare a cost of goods sold budget for June. For those boxes in which you must enter subtracted or negative numbers use a Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Next Previous 5 more Check My Work uses remaining eck My Work 451 PM Calculator Print Item ter 7 Homework eBook minus 5Mri. 7-01 ALGO 07-15.ALGO 07-11 ALGo 07-18.ALGO 07-08 ALGO 07-02.ALGO Delaware Chemical Company Cost of Goods Sold Budget For the Month Ending June 30 Direct materials: Next Previous 5 more Check My Work uses remaining Check My Work gress: 2/7 items 4:51 PM 4/20/2019 1 99+ O Type here to search EX.07-01.ALGO EX.07-15.ALGO EX.07-11 ALGO EX.07-18.ALGO EX.07-08.ALGO EX.07-02.ALGO EX.07-20.ALGO Direct materials: Ne Previous 5 more Check My Work uses remaining Check My Work Progress: 2/7 items Type here to search 99+