Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Austen Manufacturing produces self watering planters for use in upscale retail establishments. sales projections for the first five months of the upcoming year show the

image text in transcribed
image text in transcribed
Austen Manufacturing produces self watering planters for use in upscale retail establishments. sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (click the icon to view additional information Inventory at the start of the year was 900 planters, The desired inventory of planters at the end of each month should be equal to 25% of the following months budgeted sales, Each planter requires two pounds of polypropylene (a type of plastic) The company wants to have 10% of the polypropylene required for next month's production on hand at the end of each month. The costs $0.20 per pound Read the requirements. Requirement 1. Prepare a production budget for each month in the first quarter of the year including production in units for each month and for the quarter. Austen Manufacturing Production Budget For the Months of January through March January February March Quarter Plus Desired ending inventory Total needed Beginning inventory Units to produce Requirement z Prepare a drect materials budget for the polypropylene for each month in the first quarter the including the pounds of lene required and the total cost of the year polypropylene to be purchased Start by preparing the direct materials budget through the toal quantity needed then complete the budget Data Table Austen Manufacturing Direct Materials Budget Number of planters to be sold For the Months of January through March January February March Quarter Units to be produced 3,100 Multiply by Quantity of drect materials needed per unit April Quantity needed for production Enter any number the edit fields and then continue to the next question in O

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

Effective Use Of Teams For IT Audits

Authors: Martin Krist

1st Edition

0849398282, 978-0849398285

More Books

Students also viewed these Accounting questions