Question
2)ABC Corp has following data for preparing the materials purchase budget Q1 Required Production in units 6,708.00 Q2 Required Production in units 5,848.00 Q3 Required
2)ABC Corp has following data for preparing the materials purchase budget
Q1 Required Production in units 6,708.00
Q2 Required Production in units 5,848.00
Q3 Required Production in units 5,332.00
Q4 Required Production in units 6,278.00
1st Quarter Beg raw materials inventory in kg 2683.20
1st Quarter Beg Accounts Payable $12,745.200
Each unit materials weight in kg 1.72
Each kg costs $3.44
Desired Inventory is 17.20% of next quarter purchase
Desired ending inventory for 4th quarter in kg 2700.40
80% of Current quarter purchase paid in current quarter
20% of Current quarter purchase paid in next quarter
Please prepare the material purchase budget.
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