Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

can someone answer this quickly. i will leave a thumbs up!! Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia.

can someone answer this quickly. i will leave a thumbs up!! image text in transcribed
image text in transcribed
image text in transcribed
Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H30O are required to manufacture each unit of Supermix, one of the company's products. The company is planning its raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 10,000 units. b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for raw materlais. The raw materials inventory on June 30 is budgeted to be 54,000cc of solvent H30O, c. The company maintains no work in process inventories. A monthly sales budget for Supermix for the third and fourth quarters of the year follows. Required: 1. Prepare a production budget for Supermix for the months July. August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July. August, and September, and for the guarter in total. Complete this question by entering your answers in the tabs below. Prepare a production budget for Supermix for the months July, August, September, and October. Complete this question by entering your answers in the tabs below

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

IRS Audit Protection And Survival Guide Trucking Industry

Authors: Daniel J. Baran, Gerald F. Bernard, James E. Brown

1st Edition

0471166413, 978-0471166412

More Books

Students also viewed these Accounting questions

Question

What are the skills of management ?

Answered: 1 week ago