Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blue Spruce Industries has adopt 1 d the following production budget for the four quarters of 2 0 2 2 : table [ [

Blue Spruce Industries has adopt 1d the following production budget for the four quarters of 2022:
\table[[,Quarter 1,Quarter 2,Quarter 3,Quarter 4],[Units,6,100,7,900,9,000,9,800]]
Each unit requires 4kg of raw materials costing $5 per kilogram. On December 31,2021, the ending raw materials inventory was 1,830kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the first quarter of 2023 will be 12,000 units.
Prepare a direct materials purchases budget by quarters for 2022.
BLUE SPRUCE INDUSTRIES
Direct Materials Purchases Budget (kg) For the year ending December 31,2022
image text in transcribed

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_2

Step: 3

blur-text-image_3

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

Frank Woods Business Accounting Volume 2

Authors: Frank Wood, Alan Sangster

14th Edition

1292209178, 9781292209173

More Books

Students also viewed these Accounting questions

Question

Explain how to change negative self-talk into positive self-talk.

Answered: 1 week ago

Question

Does it avoid use of underlining?

Answered: 1 week ago