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Having troublw with this question Zan Corporation's production budget for next year contains the following estimates: In addition, 27,500 grams of raw materials inventory is
Having troublw with this question
Zan Corporation's production budget for next year contains the following estimates: In addition, 27,500 grams of raw materials inventory is on hand at the start of the ist Quarter and the beginning accounts payable for the ist Quarter is $8,200. Each unit requires 5 grams of raw materials that cost $1.40 per gram. Management desires to end each quarter with an inventory of taw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 7,000 grams. Management plans to pay for 60% of raw materials purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.40 direct labor-hour and direct laborers are pald $13.50 per hour: Required: 1. and 2. Calculote the estimated grams of raw materials that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. 3. Calculate the expected cash disbursements for purchoses of materiats for each quarter and for the year as a whole. 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculate the estimated grams of raw materials that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. Required: 1. and 2. Calculate the estimated grams of raw materials that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. 3. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole. 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculate the estimated direct labor cost for each quarter and for the year as a whole. grams. Management plans to pay for 60% of raw materials purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.40 direct labor-hour and direct iaborers are paid $13.50 per hour Required: 1. and 2. Calculate the estimated grams of raw materials that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. 3. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole. 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculate the estimated grams of raw materials that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole Step by Step Solution
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