Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school FlashKicks best selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high performance soccer balls used in games) In the first four months of next year, FlashKick expects to sell the following Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8 75 7,000 $16 00 February 58,000 $8 75 7,500 $16 00 March 80,000 $8 75 13,000 $16 00 April 100,000 $8 75 18,000 $16 00 Every practice ball requires 0 7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue FlashKicks policy is that 20 percent of the following months production needs for raw materials be in ending inventory Beginning inventory in January for all raw materials met this requirement Required Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year If required, round your answers to the nearest cent Direct materials purchases budget for polyvinyl chloride panels FlashKick Company Direct Materials Purchases Budget Polyvinyl Chloride Panels For January and February Polyvinyl chloride panels January February Units produced Desired ending inventory Direct materials for production Direct materials for production Total needed Less Beginning inventory Direct materials purchases Feedback The direct materials purchases budget is similar in format to the production budget it is based on the amount of materials needed for production and the inventories of direct materials The purchases amount can be determined by considering beginning and ending (desired) inventory amounts Also, consider expected usage Direct materials purchases budget for bladder and valve FlashKick Company Direct Materials Purchases Budget Bladder and Valve For January and February Bladder and valve January February Units produced Desired ending inventory Direct materials for production Direct materials per unit Total needed Less Beginning inventory Direct materials purchases Feedback The direct materials purchases budget is similar in format to the production budget it is based on the amount of materials needed for production and the inventories of direct materials Purchases Expected usage Desired ending inventory of direct materials Beginning inventory of direct materials Direct materials purchases budget for glue FlashKick Company Direct Materials Purchases Budget Glue For January and February Glue January February Units produced Direct materials for production Total needed Direct materials purchases Feedback The direct materials purchases budget is similar in format to the production budget it is based on the amount of materials needed for production and the inventories of direct materials Purchases Expected usage Desired ending inventory of direct materials Beginning inventory of direct materials Feedback Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school FlashKick's best selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high performance soccer balls used in games) In the first four months of next year, FlashKick expects to sell the following Practice Balls Match Balls Units Selling Price 8 75 $8 75 $8 75 $8 75 Units 7,000 7,500 13,000 18,000 Selling Price $16 00 $16 00 $16 00 $16 00 January February March April Every practice ball reqes0 7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue Flashkick's policy is that 20 percent of the followwing month's production needs for raw materials be in ending inventory Beginning inventory in January for all raw materials met this requirement Required Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year If required, round your answers to the nearest cent Direct materials purchases budget for polyvinyl chloride panels 50,000 80,000 100,000 FlashKick Company Direct Materials Purchases Budget Polyvinyl Chloride Panels For lauary and Febri Pohwinyl chloride panels Units produced Desired ending inventory February 50,000 X58,000 X 8 120 X 11 200 X Direct materials for production 58 120 x 69 200 x Direct materials for production x 36 120x 43,680 X 94,240 X112,880 X 8 120 X 87 240X 104 760X Total needed 7 000X Direct materials purchases Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school FlashKick's best selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high performance soccer balls used in games) In the first four months of next year, FlashKick expects to sell the following Practice Balls Match Balls Units Selling Price 8 75 $8 75 $8 75 $8 75 Units 7,000 7,500 13,000 18,000 Selling Price $16 00 $16 00 $16 00 $16 00 January February March April Every practice ball reqes0 7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue Flashkick's policy is that 20 percent of the followwing month's production needs for raw materials be in ending inventory Beginning inventory in January for all raw materials met this requirement Required Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year If required, round your answers to the nearest cent Direct materials purchases budget for polyvinyl chloride panels 50,000 80,000 100,000 FlashKick Company Direct Materials Purchases Budget Polyvinyl Chloride Panels For lauary and Febri Pohwinyl chloride panels Units produced Desired ending inventory February 50,000 X58,000 X 8 120 X 11 200 X Direct materials for production 58 120 x 69 200 x Direct materials for production x 36 120x 43,680 X 94,240 X112,880 X 8 120 X 87 240X 104 760X Total needed 7 000X Direct materials purchases

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Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKicks best-selling lines are the

Direct Materials Purchases Budget

FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKicks best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following:

	Practice Balls		Match Balls
	Units	Selling Price	Units	Selling Price
January	50,000	$8.75	7,000	$16.00
February	58,000	$8.75	7,500	$16.00
March	80,000	$8.75	13,000	$16.00
April	100,000	$8.75	18,000	$16.00

Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. FlashKicks policy is that 20 percent of the following months production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement.

Required:

Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent.

Direct materials purchases budget for polyvinyl chloride panels:

FlashKick Company
Direct Materials Purchases Budget - Polyvinyl Chloride Panels
For January and February
Polyvinyl chloride panels:	January	February
Units produced
Desired ending inventory
Direct materials for production
Direct materials for production
Total needed
Less: Beginning inventory
Direct materials purchases

Feedback

The direct materials purchases budget is similar in format to the production budget; it is based on the amount of materials needed for production and the inventories of direct materials. The purchases amount can be determined by considering beginning and ending (desired) inventory amounts. Also, consider expected usage.

Direct materials purchases budget for bladder and valve:

FlashKick Company
Direct Materials Purchases Budget - Bladder and Valve
For January and February
Bladder and valve:	January	February
Units produced
Desired ending inventory
Direct materials for production
Direct materials per unit
Total needed
Less: Beginning inventory
Direct materials purchases

Feedback

The direct materials purchases budget is similar in format to the production budget; it is based on the amount of materials needed for production and the inventories of direct materials. Purchases = Expected usage +Desired ending inventory of direct materials Beginning inventory of direct materials

Direct materials purchases budget for glue:

FlashKick Company
Direct Materials Purchases Budget - Glue
For January and February
Glue:	January	February
Units produced

Direct materials for production

Total needed

Direct materials purchases

Feedback

The direct materials purchases budget is similar in format to the production budget; it is based on the amount of materials needed for production and the inventories of direct materials. Purchases = Expected usage +Desired ending inventory of direct materials Beginning inventory of direct materials

Feedback

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Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price 8.75 $8.75 $8.75 $8.75 Units 7,000 7,500 13,000 18,000 Selling Price $16.00 $16.00 $16.00 $16.00 January February March April Every practice ball reqes0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. Flashkick's policy is that 20 percent of the followwing month's production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement. Required: Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent. Direct materials purchases budget for polyvinyl chloride panels: 50,000 80,000 100,000 FlashKick Company Direct Materials Purchases Budget Polyvinyl Chloride Panels For lauary and Febri Pohwinyl chloride panels Units produced Desired ending inventory February 50,000 X58,000 X 8.120 X 11.200 X Direct materials for production 58 120 x 69.200 x Direct materials for production x 36.120x 43,680 X 94,240 X112,880 X 8.120 X 87.240X 104.760X Total needed 7.000X Direct materials purchases Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price 8.75 $8.75 $8.75 $8.75 Units 7,000 7,500 13,000 18,000 Selling Price $16.00 $16.00 $16.00 $16.00 January February March April Every practice ball reqes0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. Flashkick's policy is that 20 percent of the followwing month's production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement. Required: Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent. Direct materials purchases budget for polyvinyl chloride panels: 50,000 80,000 100,000 FlashKick Company Direct Materials Purchases Budget Polyvinyl Chloride Panels For lauary and Febri Pohwinyl chloride panels Units produced Desired ending inventory February 50,000 X58,000 X 8.120 X 11.200 X Direct materials for production 58 120 x 69.200 x Direct materials for production x 36.120x 43,680 X 94,240 X112,880 X 8.120 X 87.240X 104.760X Total needed 7.000X Direct materials purchases