Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

CoursHeroTranscribedText: 13-29. Estimate Production and Materials Requirements (LO 13-4) The Casings Plant of Wyoming Machines makes plastics shells for the company's calculators. (Each calculator requires

image text in transcribed
CoursHeroTranscribedText: 13-29. Estimate Production and Materials Requirements (LO 13-4) The Casings Plant of Wyoming Machines makes plastics shells for the company's calculators. (Each calculator requires one shell.) For each of the next two years, Wyoming expects to sell 160,000 calculators. The beginning nished goods inventory of shells at the Casings Plant is 20,000 units. However, the target ending finished goods inventory for each year is 5,000 units. Each unit (shell) requires 6 ounces of plastic. At the beginning of the year, 60,000 ounces of plastic are in inventory. Management has set a target to have plastic on hand equal to two months' sales requirements. Sales and production take place evenly throughout the year. Required 1. Compute the total targeted production of the nished product for the coming year. 2. Compute the required amount of plastic to be purchased for the coming year

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

Step: 3

blur-text-image

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

Accounting

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

23rd Edition

978-0324662962

More Books

Students also viewed these Accounting questions