Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Central Manufacturing, Inc. Production Budget For the Quarter Ended June 30, 2019 Forecast unit sales Desired ending inventory Quantity to be available 0 0 0
Central Manufacturing, Inc. Production Budget For the Quarter Ended June 30, 2019 Forecast unit sales Desired ending inventory Quantity to be available 0 0 0 Beginning inventory Total production to be scheduled 0 0 b. Prepare the direct material budget for the second quarter of 2019. Central Manufacturing, Inc. Direct Material Budget For the Quarter Ended June 30, 2019 Scheduled production Direct material required Desired ending inventories Material C 0 Material H 0 Component M 0 0X 0X 0 0 0 0 0 0 0 Total to be available Beginning inventory 0 0 0 0 0 0 Total units of material to be purchased 0 0 0 Unit purchase price Total material purchases X $ 0X $ 0X $ 0 $ 0 $ 0 $ 0 Check < Previous Save Answers Budgeting Production and Purchases and Just-In-Time Materials Inventory Central Manufacturing, Inc. is preparing budgets for the second quarter of 2019. Central produces only one product in its factory. This product requires 4 pounds of material C, 3 pounds of material H, and a component, M, that is purchased from another manufacturer. Central operates on a just-in-time basis for material C. As a result, Central maintains no inventory of material C. On April 1, 2019, the inventory of material H is expected to be 3,000 pounds and the inventory of component M is expected to be 600 units. Central wants the inventories of H and M at June 30, 2019, to be 20% less than the inventories at April 1, 2019. The inventory of finished products at March 31, 2019, is expected to be 2,000 units; the desired inventory at June 30, 2019, is 4,000 units to allow a buildup for heavy sales in the third quarter. The sales forecast for the second quarter is 14,000 units at $200 each. Budgeted purchase costs are $5 per pound for C, $6 per pound for H, and $50 per component for M. Do not use negative signs with any of your answers below. a. Prepare the production budget for the second quarter of 2019. Central Manufacturing, Inc. Production Budget For the Quarter Ended June 30, 2019 Forecast unit sales 0 Desired ending inventory 0 Quantity to be available 0 Beginning inventory 0 Total production to be scheduled 0
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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