Beca Industrial has estimated that production for the next five quarters will be: Production Information 1st quarter,
Question:
Beca Industrial has estimated that production for the next five quarters will be:
Production Information
1st quarter, 2020
56,700 units
2nd quarter, 2020
51,200 units
3rd quarter, 2020
62,200 units
4th quarter, 2020
48,800 units
1st quarter, 2021
58,300 units
Finished units of production require 6 pounds of raw material per unit. The raw material cost is $ 7 per pound. There is $ 357,210 of raw material on hand at the beginning of the first quarter, 2020. Beca desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter.
Prepare quarterly direct materials purchases budgets for Beca Industrial for 2020.
Beca Industrial
Direct Materials Purchases Budget
For the Year Ending December 31, 2020
Quarter 1
Quarter 2
Quarter 3
Quarter 4
Year
select an opening direct materials purchases budget item
enter a number of units
enter a number of units
enter a number of units
enter a number of units
enter a number of units
select an item
$ enter a dollar amount
$ enter a dollar amount
$ enter a dollar amount
$ enter a dollar amount
$ enter a dollar amount
select a summarizing line for the first part
enter a total dollar amount for the first part
enter a total dollar amount for the first part
enter a total dollar amount for the first part
enter a total dollar amount for the first part
enter a total dollar amount for the first part
select between addition and deduction
: select an item
enter a dollar amount
enter a dollar amount
enter a dollar amount
enter a dollar amount
enter a dollar amount
select a summarizing line for the second part
enter a total dollar amount for the second part
enter a total dollar amount for the second part
enter a total dollar amount for the second part
enter a total dollar amount for the second part
enter a total dollar amount for the second part
select between addition and deduction
: select an item
enter a dollar amount
enter a dollar amount
enter a dollar amount
enter a dollar amount
enter a dollar amount
select a closing direct materials purchases budget item
$ enter a total amount for the direct materials purchases budget
$ enter a total amount for the direct materials purchases budget
$ enter a total amount for the direct materials purchases budget
$ enter a total amount for the direct materials purchases budget
$ enter a total amount for the direct materials purchases budget
Attempts: 0 of 1 used
Units to be produced
Cost of raw material per unit
Desired ending inventory of raw material
Total material needed
Beginning inventory of raw material
Required raw material purchases
Cost of raw material needed for production
enteratotaldollaramountforthefirstpart
enteratotaldollaramountforthefirstpart
enteratotaldollaramountforthefirstpart
enteratotaldollaramountforthefirstpart
enteratotaldollaramountforthefirstpart
selectbetweenadditionanddeduction
Add
Less
:
selectanitem
Units to be produced
Cost of raw material per unit
Desired ending inventory of raw material
Total material needed
Beginning inventory of raw material
Required raw material purchases
Cost of raw material needed for production
enter a dollar amount
enter a dollar amount
enter a dollar amount
enter a dollar amount
enter a dollar amount
selectasummarizinglineforthesecondpart
Units to be produced
Cost of raw material per unit
Desired ending inventory of raw material
Total material needed
Beginning inventory of raw material
Required raw material purchases
Cost of raw material needed for production
enteratotaldollaramountforthesecondpart
enteratotaldollaramountforthesecondpart
enteratotaldollaramountforthesecondpart
enteratotaldollaramountforthesecondpart
enteratotaldollaramountforthesecondpart
selectbetweenadditionanddeduction
Add
Less
:
selectanitem
Units to be produced
Cost of raw material per unit
Desired ending inventory of raw material
Total material needed
Beginning inventory of raw material
Required raw material purchases
Cost of raw material needed for production
enteradollaramount
enteradollaramount
enteradollaramount
enteradollaramount
enteradollaramount
select a closing direct materials purchases budget item
Units to be produced
Cost of raw material per unit
Desired ending inventory of raw material
Total material needed
Beginning inventory of raw material
Required raw material purchases
Cost of raw material needed for production
$
enter a total amount for the direct materials purchases budget
$
enter a total amount for the direct materials purchases budget
$
enter a total amount for the direct materials purchases budget
$
enter a total amount for the direct materials purchases budget
$
enter a total amount for the direct materials purchases budget
Expert Answer:
