Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

EQuestion Help Austen Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside each toy The company pays $3 for

image text in transcribed
image text in transcribed
image text in transcribed
EQuestion Help Austen Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside each toy The company pays $3 for each computer chip To help to guard against stockouts of the computer chip, Austen Industries has a policy that states that the ending inventory of computer chips should be at least 30% of the following month's production needs The production schedule for the first four months of the years as flows (Click the icon to view the production schedule ) Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amount of the purchases in the budget Prepare the direct materials budget by first calculating the total quantity needed, then complete the budget Austen Industries Direct Materials Budget For the Months of January through March January February March Quarter a Units to be produced Multiply by Quantity of direct materials needed per und Quantity needed for production Plus. Desired ending inventory of direct materials Total quantity needed Enter any number in the edit fields and then continue to the next question. Question Helpt Austen Industres manufactures a popular interactive stulfed computer chip fo help to guard against stockouts of the computer chip. Austen Industries has a policy that states that the ending inventory of computer chips should animal for children that requires four computer chips inside each toy The company pays $3 for each month's production needs. T EEB (Click the icon to view the production schedule ) The production schedule for the frst four months of the year is as follows Requirement s budoget for te rts qafor that shows both thenumber of compuer chips needed and the dolar amount of the purchases n the budget January February March Quarter Units to be produced Multiply by Quantity of direct materials needed per unit Quantity needed for production Plus Desired ending inventory of direct materials hat Total quantity needed net Less Beginning inventory of direct materials OQuantity to purchase Multiply by Cost per unt Total cost of direct material purchases Enter any number in the edit fields and then continue to the next question. Profiles uclolt neeas. The production schedule for the first four months of the year is as follows: edule) t quarter that shows both the number of computer chips needed and the dollar amount of the Data Table 1 eded pe Stuffed animals to be produced aterials January 5,400 February 4,600 rials March 4,300 April 4,700 Print Done d then conunue to tme next queston

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_2

Step: 3

blur-text-image_3

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

Internal Auditing In Savings And Credit Cooperative Societies

Authors: Daniel Njuguna

1st Edition

B0C8SCJKRT, 979-8223128649

More Books

Students also viewed these Accounting questions