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Ex 10.11.12 because im lost. with explainatiin please! xercise 10 Luigi expects the following sales of his famous tomato sauce. Luigi keeps 10% of the
Ex 10.11.12 because im lost. with explainatiin please!
xercise 10 Luigi expects the following sales of his famous tomato sauce. Luigi keeps 10% of the following month's sales as ending inventory. Determine required production. (Beg. inventory Jan. 1 = 10% of January sales). Month Sales (jars) January 770 February 840 March 910 April 980 January February March March (show subtractions as negative #'s) Estimated sales (in units) + Desired ending inventory (units) - Beginning inventory (units) = Required production (in units) ercise 11 it takes 5 lbs tomatoes to make a jar of Luigi's tomato sauce. Luigi starts January with 100 lbs of tomatoes and wants to keep an ending inventory equal to 10% of tomatoes needed for next month's production. Tomatoes cost Luigi 20 cents a pound. Prepare a direct materials budget. Month Jars Needed January 770 February 840 March 770 April 910 January February March (show subtractions as negative #'s) Required production (in units) x Raw materials needed per unit (lb) = Production needs (lbs) + Desired ending inventory (lbs) - Beginning inventory (lbs) =Raw materials to be purchased (lbs) x Cost per raw material (per lb) = Cost of raw material purchases Exercise 12 It takes Luigi's employee 15 minutes to make one jar of tomato sauce. Given the following production estimates and assuming an hourly wage of $9 an hour, prepare a direct labor budget. Required production (in jars) January 770 February 840 March 770 January February March (show subtractions as nega Required production (in units) Direct labor hours per unit = Total DL hours required x Direct labor cost per hour = Total direct labor cost Step by Step Solution
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