Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2. Prepare a direct materials purchases budget for bottles for the months of January and February, Round all calculations to the nearest whole number. Pet

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
2. Prepare a direct materials purchases budget for bottles for the months of January and February, Round all calculations to the nearest whole number. Pet Plus, Inc. Direct Materials Purchases Budget for Bottles Prepare a direct materials purchases budget for salicyic acid and water moture for the months of January and February. Round all calculations to the nearest whole number. Production Budget and Direct Materials Purchases Budgets Pets Pius, Inc. produces otic fluid for dogs. The otic fuld is sold in 12-ounce plastic bottles. The sales budget for the first four months of the year is as follows: Company policy requires that ending inventories for each month be 10% of next month's sales, At the beginning of January, the inventory of otic fuid is 38,000 bottes Each bottle of otic fluid needs two raw materials: eight ounces of a mix of salicylic acid and water and one plasbic bottle. Company policy requires that ending imventone of raw materials for each month be 20% of the next month's production needs. That policy was met on January 1. 1. Prepare a production budget for the first quarter of the year. Show the number of botties that should be produced each month as well as for the quarter in total. Prepare a direct materials purchases budget for salicylic acid and water mixture for the months of January and february, Round all calculations to the nearest whole number. Pet Plus, Inc. Nirest Materiale Durrtases Audent for Fluid mixture 2. Prepare a direct materials purchases budget for bottles for the months of January and February. Round all calculations to the nearest whole number

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Audit Guide For Beginners Understanding Fiduciary Responsibilities

Authors: Oren Rohleder

1st Edition

B0B1M56DMY, 979-8829314019

More Books

Students also viewed these Accounting questions

Question

How are passive investments classified for accounting purposes?

Answered: 1 week ago