Direct Materials Purchases Budget: Direct Labor Budget

Crescent Company produces stuffed toy animals; one of these is $$Arabeau the Cow.$$ Each Arabeau takes $0\mathrm{.}20$ yard of fabric $($white with irregular black splotches$)$ and eight ounces of polyfiberfill. Fabric costs $$3\mathrm{.}50$ per yard and polyfiberfill is $$0\mathrm{.}05$ per ounce. Crescent has budgeted production of Arabeaus for the next four months as follows:

Units

October $42,000$

November $90,000$

December $50,000$

January $40,000$

Inventory policy requires that sufficient fabric be in ending monthly inventory to satisfy $20$ percent of the following month$$s production needs and sufficient polyfiberfill be in inventory to satisfy $40$ percent of the following month$$s production needs. Inventory of fabric and polyfiberfill at the beginning of October equals exactly the amount needed to satisfy the inventory policy.

Each Arabeau produced requires $($on average$)0\mathrm{.}10$ direct labor hour. The average cost of direct labor is $$15$ per hour.

Required:

Question Content Area

$1.$ Prepare a direct materials purchases budget of fabric for the last quarter of the year showing purchases in units and in dollars for each month and for the quarter in total. Round your answers to the nearest cent, if required.

Crescent Company

Direct Materials Purchases Budget for Fabric

For the Fourth Quarter

October November December Total

Units produced fill in the blank $67$be$9202504$af$82\_1$

$42,000$

fill in the blank $67$be$9202504$af$82\_2$

$90,000$

fill in the blank $67$be$9202504$af$82\_3$

$50,000$

fill in the blank $67$be$9202504$af$82\_4$

$182,000$

DM per unit $($yd$.)$ fill in the blank $67$be$9202504$af$82\_5$

fill in the blank $67$be$9202504$af$82\_6$

fill in the blank $67$be$9202504$af$82\_7$

fill in the blank $67$be$9202504$af$82\_8$

Production needs fill in the blank $67$be$9202504$af$82\_9$

fill in the blank $67$be$9202504$af$82\_10$

fill in the blank $67$be$9202504$af$82\_11$

fill in the blank $67$be$9202504$af$82\_12$

Desired ending inventory $($yd$.)$ fill in the blank $67$be$9202504$af$82\_13$

fill in the blank $67$be$9202504$af$82\_14$

fill in the blank $67$be$9202504$af$82\_15$

fill in the blank $67$be$9202504$af$82\_16$

Total needed fill in the blank $67$be$9202504$af$82\_17$

fill in the blank $67$be$9202504$af$82\_18$

fill in the blank $67$be$9202504$af$82\_19$

fill in the blank $67$be$9202504$af$82\_20$

Less: Beginning inventory fill in the blank $67$be$9202504$af$82\_21$

fill in the blank $67$be$9202504$af$82\_22$

fill in the blank $67$be$9202504$af$82\_23$

fill in the blank $67$be$9202504$af$82\_24$

DM to be purchased $($yd$.)$ fill in the blank $67$be$9202504$af$82\_25$

fill in the blank $67$be$9202504$af$82\_26$

fill in the blank $67$be$9202504$af$82\_27$

fill in the blank $67$be$9202504$af$82\_28$

Cost per yard $fill in the blank $67$be$9202504$af$82\_29$

$fill in the blank $67$be$9202504$af$82\_30$

$fill in the blank $67$be$9202504$af$82\_31$

$fill in the blank $67$be$9202504$af$82\_32$

Total purchase cost $fill in the blank $67$be$9202504$af$82\_33$

$fill in the blank $67$be$9202504$af$82\_34$

$fill in the blank $67$be$9202504$af$82\_35$

$fill in the blank $67$be$9202504$af$82\_36$

Feedback Area

Feedback

The purchases amount can be determined by considering beginning and ending $($desired$)$ inventory amounts. Also, consider expected usage.

Question Content Area

$2.$ Prepare a direct materials purchases budget of polyfiberfill for the last quarter of the year showing purchases in units and in dollars for each month and for the quarter in total. Round your answers to the nearest cent, if required.

Crescent Company

Direct Materials Purchases Budget for Polyfiberfill

For the Fourth Quarter

October November December Total

Units produced fill in the blank ac$9$c$5907$d$025073\_1$

fill in the blank ac$9$c$5907$d$025073\_2$

fill in the blank ac$9$c$5907$d$025073\_3$

fill in the blank ac$9$c$5907$d$025073\_4$

DM per unit $($oz$.)$ fill in the blank ac$9$c$5907$d$025073\_5$

fill in the blank ac$9$c$5907$d$025073\_6$

fill in the blank ac$9$c$5907$d$025073\_7$

fill in the blank ac$9$c$5907$d$025073\_8$

Production needs fill in the blank ac$9$c$5907$d$025073\_9$

fill in the blank ac$9$c$5907$d$025073\_10$

fill in the blank ac$9$c$5907$d$025073\_11$

fill in the blank ac$9$c$5907$d$025073\_12$

Desired ending inventory $($oz$.)$ fill in the blank ac$9$c$5907$d$025073\_13$

fill in the blank ac$9$c$5907$d$025073\_14$

fill in the blank ac$9$c$5907$d$025073\_15$

fill in the blank ac$9$c$5907$d$025073\_16$

Total needed fill in the blank ac$9$c$5907$d$025073\_17$

fill in the blank ac$9$c$5907$d$025073\_18$

fill in the blank ac$9$c$5907$d$025073\_19$

fill in the blank ac$9$c$5907$d$025073\_20$

Less: Beginning inventory fill in the blank ac$9$c$5907$d$025073\_21$

fill in the blank ac$9$c$5907$d$025073\_22$

fill in the blank ac$9$c$5907$d$025073\_23$

fill in the blank ac$9$c$5907$d$025073\_24$

DM to be purchased $($oz$.)$ fill in the blank ac$9$c$5907$d$025073\_25$

fill in the blank ac$9$c$5907$d$025073\_26$

fill in the blank ac$9$c$5907$d$025073\_27$

fill in the blank ac$9$c$5907$d$025073\_28$

Cost per ounce $fill in the blank ac$9$c$5907$d$025073\_29$

$fill in the blank ac$9$c$5907$d$025073\_30$

$fill in the blank ac$9$c$5907$d$025073\_31$

$fill in the blank ac$9$c$5907$d$025073\_32$

Total purchase cost $fill in the blank ac$9$c$5907$d$025073\_33$

$fill in the blank ac$9$c$5907$d$025073\_34$

$fill in the blank ac$9$c$5907$d$025073\_35$

$fill in the blank ac$9$c$5907$d$025073\_36$