Audgeting Production and Purthases and Just In Time Materials Inventory On juty 1, 2016, the imereory of materal G is expected to be 3,000 pounds thd the invenoory of congonent k it eapected to be 1.500 units. 1 ancook wants the inmertaries ef 6 and K at September units to allow a buldup for heavy sales in the fourth quarter. The sales forecau for the thind quarter is 11.000 unts at 5300 mach dtudgeted purthase costs are 310 per poond for a 17 per pound for G, and 140 per conponer for k Donotueenscaisesires with any of your amwers below. b. Prepare the direct material budset for Hancock Manafactunne inc. for the third quarter of zo16 Budgeting Production and Purchases and Just In-Time Materials inventory Hancock Manufacturmp, ink. is preparing budgets for the third quarter of 2016 . Hancock produces only one produl in its factory- This product requires 5 pounds of material 82 pounds of muterial G, and a component, K, that is porchased from another manutacturer Hancock operates on a juntin-time bass for material B As a reuut, Hancock maintains no inventory of materal Cn luly 1, 2016, the inventory of materal Gis expected to be 3,000 peunds and the invertory of component X x expected to be 1.400 unts . Hancock wants the invertoriet of C and X as Septembet units to allow a boidup for bewy sales in the fourth quarter. The sales forecast for the thard quarter is 13000 inds at 1300 each. flodgeted purchase costs are 310 per pound for th, 57 per pound for iG, and 340 per componem for x. Donetusenseativesiges wth ary of your answers below a. Prepare the production budget for Hanrock Mansfactiaing thc, for the third pueter of 2016. b. Prepare the ditect muterial budeet for Mancock Manufactioing. inc. for the third quarter of 2016 Audgeting Production and Purthases and Just In Time Materials Inventory On juty 1, 2016, the imereory of materal G is expected to be 3,000 pounds thd the invenoory of congonent k it eapected to be 1.500 units. 1 ancook wants the inmertaries ef 6 and K at September units to allow a buldup for heavy sales in the fourth quarter. The sales forecau for the thind quarter is 11.000 unts at 5300 mach dtudgeted purthase costs are 310 per poond for a 17 per pound for G, and 140 per conponer for k Donotueenscaisesires with any of your amwers below. b. Prepare the direct material budset for Hancock Manafactunne inc. for the third quarter of zo16 Budgeting Production and Purchases and Just In-Time Materials inventory Hancock Manufacturmp, ink. is preparing budgets for the third quarter of 2016 . Hancock produces only one produl in its factory- This product requires 5 pounds of material 82 pounds of muterial G, and a component, K, that is porchased from another manutacturer Hancock operates on a juntin-time bass for material B As a reuut, Hancock maintains no inventory of materal Cn luly 1, 2016, the inventory of materal Gis expected to be 3,000 peunds and the invertory of component X x expected to be 1.400 unts . Hancock wants the invertoriet of C and X as Septembet units to allow a boidup for bewy sales in the fourth quarter. The sales forecast for the thard quarter is 13000 inds at 1300 each. flodgeted purchase costs are 310 per pound for th, 57 per pound for iG, and 340 per componem for x. Donetusenseativesiges wth ary of your answers below a. Prepare the production budget for Hanrock Mansfactiaing thc, for the third pueter of 2016. b. Prepare the ditect muterial budeet for Mancock Manufactioing. inc. for the third quarter of 2016
