Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Eleeza Corporation kitty cat skateboards. Sales forecast and the required production needed to meet the sales forecast for each month are listed below for the

image text in transcribed
Eleeza Corporation kitty cat skateboards. Sales forecast and the required production needed to meet the sales forecast for each month are listed below for the upcoming year. Jan Feb March April My June July Sept OL Nov Doc Sales forecast in dollars (5) $8.800 57.200 18.000 58,600 $8,800 $8.800 38,000 18200 6.800 59.700 110,000 112.000 Required Production in Units 220 180 200 215 220 220 200 205 220 250 250 The table below provides the quantity of each raw material per kitty cat skateboard, the cost of each unit of raw material, and the required ending Inventory for each raw material. The company had 200 wheels on hand at the end of the previous quarter. Raw Material Quantity per Frame Cost per unit of Raw Material Required Ending Inventory Wheels 4 wheels 51.25 per wheel 30% of the following month's needs Kitty Cat Strap 1 strap 1.85 per strap 35% of the following month's needs Grip Tape 5 yards $1.95 per yard 45% of the following month's needs Bearings 4 Bearings 50.85 per bearing 25% of the following month's needs Required: 1) Prepare the MONTHLY DIRECT MATERIALS BUDGET for WHEELS for the 2nd QUARTER of the year. Make sure you complete for each month of the quarter. You do NOT need to include the Quarter Total Column 2) Calculate the total cost of Direct Material for WHEELS Purchases for the quarter. (Make sure you show your work)

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

Behind Closed Doors What Company Audit Is Really About

Authors: V. Beattie, R. Brandt, S. Fearnley

2001 Edition

0333747844, 978-0333747841

More Books

Students also viewed these Accounting questions

Question

e. What do you know about your ethnic background?

Answered: 1 week ago

Question

b. Why were these values considered important?

Answered: 1 week ago