Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
bo Dr Mas Purchase Hugo Anticipated sales for Safety Gre Company were 45,000 passenger car tires and 14,000 truck tires Rubber and steel belts are
bo Dr Mas Purchase Hugo Anticipated sales for Safety Gre Company were 45,000 passenger car tires and 14,000 truck tires Rubber and steel belts are used in producing passenger car and truck tres according to the following table: Passenger Car Truck Rubber 32 lbs. per unit 75 lbs. per unit Steel belts 4 lbs. perunt 10 lbs per unit The purchase prices of rubber and steel are $3.6 and 54.7 per pound, respectively. The desired ending inventories of rubber and steel belts are 43,000 and 9,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 51.000 and 7,000 pounds, respectively, Prepare a direct materials purchases budget for Safety Grip Company for the year anded December 31, 2009 Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 2019 Rubber Steel Belts Total Pounds required for production Passenger tires lbs Truck tires Total pounds available Ibs ibs Total units purchased lbs. Ibs Unit price Total direct materials to be purchased o Previous Next > Check My Work
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started