Question
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 | 45,000 | $8.80 | 6,600 | $17.60 | |||
February | 61,000 | $8.80 | 7,900 | $17.60 | |||
March | 81,000 | $8.80 | 12,500 | $17.60 | |||
April | 105,000 | $8.80 | 16,000 | $17.60 |
FlashKick requires ending inventory of product to equal 20 percent of the next months unit sales. Beginning inventory in January was 9,000 practice soccer balls and 1,320 match soccer balls.
Every practice ball requires 0.6 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 | fill in the blank 15f8fa077fb9f94_1 | fill in the blank 15f8fa077fb9f94_2 |
fill in the blank 15f8fa077fb9f94_4 | fill in the blank 15f8fa077fb9f94_5 | |
Direct materials for production | fill in the blank 15f8fa077fb9f94_6 | fill in the blank 15f8fa077fb9f94_7 |
fill in the blank 15f8fa077fb9f94_9 | fill in the blank 15f8fa077fb9f94_10 | |
Total needed | fill in the blank 15f8fa077fb9f94_11 | fill in the blank 15f8fa077fb9f94_12 |
fill in the blank 15f8fa077fb9f94_14 | fill in the blank 15f8fa077fb9f94_15 | |
Direct materials purchases | fill in the blank 15f8fa077fb9f94_16 | fill in the blank 15f8fa077fb9f94_17 |
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 | fill in the blank 8d1d9df87058f88_1 | fill in the blank 8d1d9df87058f88_2 |
fill in the blank 8d1d9df87058f88_4 | fill in the blank 8d1d9df87058f88_5 | |
Direct materials for production | fill in the blank 8d1d9df87058f88_6 | fill in the blank 8d1d9df87058f88_7 |
fill in the blank 8d1d9df87058f88_9 | fill in the blank 8d1d9df87058f88_10 | |
Total needed | fill in the blank 8d1d9df87058f88_11 | fill in the blank 8d1d9df87058f88_12 |
fill in the blank 8d1d9df87058f88_14 | fill in the blank 8d1d9df87058f88_15 | |
Direct materials purchases | fill in the blank 8d1d9df87058f88_16 | fill in the blank 8d1d9df87058f88_17 |
Direct materials purchases budget for glue:
FlashKick Company | ||
Direct Materials Purchases Budget - Glue | ||
For January and February | ||
Glue: | January | February |
Units produced | fill in the blank 173a270d5047fe5_1 | fill in the blank 173a270d5047fe5_2 |
fill in the blank 173a270d5047fe5_4 | fill in the blank 173a270d5047fe5_5 | |
Direct materials for production | fill in the blank 173a270d5047fe5_6 | fill in the blank 173a270d5047fe5_7 |
fill in the blank 173a270d5047fe5_9 | fill in the blank 173a270d5047fe5_10 | |
Total needed | fill in the blank 173a270d5047fe5_11 | fill in the blank 173a270d5047fe5_12 |
fill in the blank 173a270d5047fe5_14 | fill in the blank 173a270d5047fe5_15 | |
Direct materials purchases | fill in the blank 173a270d5047fe5_16 | fill in the blank 173a270d5047fe5_17 |
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