Croy Incorporated has the following projected sales for the next five months: 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 cost $3.00 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 3,743 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of direct materials purchased for April nd May. Complete this question by entering your answers in the tabs below. Determine budgeted production for April, May, and June. Note: Do not round your intermediate calculations and round your final answers to the nearest whole number: Croy Incorporated has the following projected sales for the next five months: 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 cost $3.00 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 3,743 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine budgeted cost of direct materials purchased for Aprit and May. Complete this question by entering your answers in the tabs below. Determine budgeted cost of direct materials purchased for April and May. Note: Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places. The following information is available for Pioneer Company: - Sales price per unit is $120. - November and December sales were budgeted at 3,140 and 3,480 units, respectively. - Variable costs are 11 percent of sales (5 percent commission, 1 percent advertising, 5 percent shipping). - Fixed costs per month are sales salaries, $4,000; office salaries, $2,800; depreciation, $2,700; building rent, $3,100; insurance, $1,600; and utilities, $800. Required: Determine Pioneer's budgeted selling and administrative expenses for November and December. Shamrock Shades purchases sunglasses from bulk discounters and sells the sunglasses in mall klosks throughout the Pacific Northwest. Shamrock is in the process of budgeting for the coming year and has projected sales of $460,000 for January, $540,000 for February, $700,000 for March, and $740,000 for April. Shamrock's desired ending inventory is 25 percent of the following month's cost of goods sold. Cost of goods sold is expected to be 30 percent of sales. Required: Compute the required purchases for each month of the first quarter (January through March)
