Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Chapter & Homework Direct Materials Purchases Budget January February FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school.
Chapter & Homework Direct Materials Purchases Budget January February FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. Flash Kick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: March Units Required: Practice Balls 48,000 59,000 83,000 115,000 eBook Selling Price Polyvinyl chloride panels: Units produced $8.65 6,600 7,900 13,000 April 16,000 FlashKick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 9,600 practice soccer balls and 1,320 match soccer balls. $8.65 $8.65 $8.65 Print Item Units Direct materials purchases budget for polyvinyl chloride panels: FlashKick Company Direct Materials Purchases Budget - Polyvinyl Chloride Panels For January and February Match Balls January February MAUA Selling Price $16.20 Every practice ball requires 0.6 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. Flash Kick's policy is that 20 percent of the following month's production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement. $16.20 $16.20 Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent. $16.20
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