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Can someone help me with creating the formula. I am lost in excel 3. Direct materials purchases budget: The Bottled Water Company Direct Materials Purchases
Can someone help me with creating the formula. I am lost in excel
3. Direct materials purchases budget: The Bottled Water Company Direct Materials Purchases Budget For the Year Ended Decermber 31 Quarter 2 3 Year Total production units 39,000 32,000 50,500 55,500 20 ounces per unit 2077 Total production needs in ounces 780,000 Plus desired ounces of ending 240,000 240,000 128 908,000 direct materials inventory Less desired ounces of beginning direct materials inventoryt 156,000 156,000 Total ounces of direct materials to be purchased 752,000 cost per ounce Total cost of direct $.01 materials purchases $ 7,520 Desired ounces of ending direct materials inventory-20% of next quarter's budgeted production needs in ounces tDesired ounces of beginning direct materials inventory-20% of current quarter's bud- geted production needs in ounces 4. Direct labor budget The Bottled Water Company Direct Labor Budget For the Year Ended Decernber 31 Quarter 2 3 Year Total production units Direct labor hours per unit Total direct labor hours 39,000 x.001 39 Direct labor cost per hour Total direct labor cost $312-_
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