Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
Check my work Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales nits 3.500 3,090
Check my work Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales nits 3.500 3,090 4,620 4,135 3.980 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month, Direct material costs $2.90 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Raw materials on hand at March 31 towed 3,734 pounds Required: 1. Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answer to the nearest whole number) April May June Budgeted Production (Units) 2. Determine the budgeted cost of materials purchased for April, May, and June (Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places) April May June Dudgeted Cont of Material Purchased
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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