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Answer all parts and fill in the ? parts as well Parnal ivaster Buaget Rhett Corporation manufactures and sells dress shirts. Rhett Corporation will use
Answer all parts and fill in the "?" parts as well
Parnal ivaster Buaget Rhett Corporation manufactures and sells dress shirts. Rhett Corporation will use the following information to prepare its master budget for the first quarter of the year: Rhett Corporation budgeted sales in units: - April: 42,000 units - May: 44,000 units - June: 38,000 units - July: 35,000 units Selling price: $22 per shirt Information for the Production Budget: - Ending finished goods inventory at March 31st: 6,300 shirts - Desired ending inventory of shirts: 15% of the next month's sales Information for the Direct Materials Budget: - Each shirt (unit) requires: 3 yards of cloth - Ending Inventory of cloth in yards at March 31st: 12,690 yards - Desired ending inventory of cloth in yards: 10% of the next month's production needs - Materials needed for production for July: 102,750 yards - Cloth costs: $2 per yard Required: Using the above information, enter the totals for the sales, production and materials budgets below. For the numbers listed with a "?". please calculate those using a piece of scratch paper. Your amounts should be WHOLE NUMBERS ONLY. NO COMMAS, NO DECIMALS, NO DOLLAR SIGNS or other characters. Production Pudget:SalesbudgetinunitsAdd:DesiredendingApril42,000?May44,000???June38,000 Required units of available ? ? ? production Less: Beginning ? ? ? inventory Total materials needed for production (in yards) Add: Desired ending ? ? ? inventory (in yards) Total materials needed (in ? ? ? yards) Less: Beginning inventory ? ? ? in yards Less: Beginning inventory ? ? ? in yards Materials Purchases ? ? ? in Yards Cloth costs $2 $2 $2 per yard \begin{tabular}{l|l|l|l|} \hline Materials & $ & $ \end{tabular}Step by Step Solution
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