Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Croy Inc. has the following projected sales for the next five months. Month April May Sales in Units 3.560 3,825 4,630 June July August 4,185

image text in transcribed
image text in transcribed
Croy Inc. has the following projected sales for the next five months. Month April May Sales in Units 3.560 3,825 4,630 June July August 4,185 3.900 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,693 pounds. Required: 1. Determine budgeted production for April, May, and June 2. Determine budgeted cost of materials purchased for April and May. Complete this question by entering your answers in the tabs below. Required i Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answers to the nearest whole number.) April May June Budgeted Production (Units) Required 2 > Croy Inc. has the following projected sales for the next five months Month April May Sales in Units 3,560 3,825 4,63e 4,185 3,900 June July August Croys finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month Direct materials costs $320 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of me month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,693 pounds Required: 1. Determine budgeted production for April May, and June 2. Determine budgeted cost of materials purchased for April and May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cost of materials purchased for April and May. (Use rounded Budgeted Production units in intermediate to 2 decimal places.) calculations. Round your an April Budgeted Cost of Material Purchased

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

The Internet Supply Chain Impact On Accounting And Logistics

Authors: D. Chorafas

5th Edition

0333949633, 9780333949634

More Books

Students also viewed these Accounting questions

Question

Define critical thinking. (p. 231)

Answered: 1 week ago