Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bramble Manufacturing manufactures two products, (1) Regular and (2) Deluxe. The budgeted units to be produced are as follows: t takes 2 pounds of direct

image text in transcribedimage text in transcribedimage text in transcribed

Bramble Manufacturing manufactures two products, (1) Regular and (2) Deluxe. The budgeted units to be produced are as follows: t takes 2 pounds of direct materials to produce the Regular product and 6 pounds of direct materials to produce the Deluxe product. s the company's policy to maintain an inventory of direct materials at the end of each month equal to 30% of the next month's broduction needs for the Regular product and 20% of the next month's production needs for the Deluxe product. Direct materials nventory on hand at June 30 were 7,080 pounds for the Regular product and 18,840 pounds for the Deluxe product. The cost per ound of materials is $5 for the Regular prod and $8 for the Deluxe. Prepare separate direct materials budgets for each product for the third quarter of 2022. BRAMBLEMANUFACTURING Direct Materials Budget-Regular Units to be produced Direct materials per unit Total pounds of direct materials required Budgeted direct materials purchases Budgeted cost of direct materials purchases Beginning direct materials inventory Cost per pound Total pounds needed for production Desired ending direct materials inventory BRAMBLEMANUFACTURING Direct Materials Budget-Deluxe Total pounds of direct materials required Cost per pound Budgeted direct materials purchases Budgeted cost of direct materials purchases Beginning direct materials inventory Total pounds needed for production Direct materials per unit Units to be produced Desired ending direct materials inventory Bramble Manufacturing manufactures two products, (1) Regular and (2) Deluxe. The budgeted units to be produced are as follows: t takes 2 pounds of direct materials to produce the Regular product and 6 pounds of direct materials to produce the Deluxe product. s the company's policy to maintain an inventory of direct materials at the end of each month equal to 30% of the next month's broduction needs for the Regular product and 20% of the next month's production needs for the Deluxe product. Direct materials nventory on hand at June 30 were 7,080 pounds for the Regular product and 18,840 pounds for the Deluxe product. The cost per ound of materials is $5 for the Regular prod and $8 for the Deluxe. Prepare separate direct materials budgets for each product for the third quarter of 2022. BRAMBLEMANUFACTURING Direct Materials Budget-Regular Units to be produced Direct materials per unit Total pounds of direct materials required Budgeted direct materials purchases Budgeted cost of direct materials purchases Beginning direct materials inventory Cost per pound Total pounds needed for production Desired ending direct materials inventory BRAMBLEMANUFACTURING Direct Materials Budget-Deluxe Total pounds of direct materials required Cost per pound Budgeted direct materials purchases Budgeted cost of direct materials purchases Beginning direct materials inventory Total pounds needed for production Direct materials per unit Units to be produced Desired ending direct materials inventory

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

Padhukas Students Handbook On Auditing And Assurance Including Multiple Choice Questions For CA Inter

Authors: CA G. Sekar, CA B Saravana Prasath

18th Edition

9390303087, 978-9390303083

More Books

Students also viewed these Accounting questions

Question

3. List your top 10 film mentors.

Answered: 1 week ago

Question

Define procedural justice. How does that relate to unions?

Answered: 1 week ago