he production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the pcoming fiscal year in addition, 15,000 grams of raw matenals inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the 1st Quarter is 56.200 . Each unit requifes 5 grams of row material that costs $1.80 per gram. Management desires to end each quarter with an inventory of raw materiais equal to 25% of the following quarter's production needs. Tho desired ending inventory for the 4 th Ouarter is 5,000 grams Management plans to pay for 60s of raw material purchases in the quarter acquired and 40% in the following quartec, Each unit requlres 0.40 direct laborchours and direct laborers are pald $13.50 per hour Reculred: 1. and 2. Calculate the estimated grams of raw material 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 row material that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. In addition, 15,000 grams of raw materials inventory is on hand at the start of the ist Quarter and the beginning accounts payable for the tist Guarter is $6,200 Eoch unit cequirets 5 grams of raw material that costs $1.80 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25\% of the following quarter's production needs. The desired ending inventory for the 4th Quarter is 5,000 grams. Maragement plans to pay for 605 of raw material purchases in the quarter ocquired and 40% in the following quarter, Each unit? requires 0.40 direct inbor hours and direct inborers are pold $13.50 per hout Required: 1. and 2. Calculate the estimated grams of raw material that need to be purchased and the cost of raw material purchases for each cuarter and for the year as a whole 3. Calculate the expected cash disbursements for purchisses 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 ss a whole Complete this queation by entering your answers in the tabs below. Cilculath the emected canh abcursemants for purthases of materiais for esch quarter and fon the year as a whole The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: In addition, 15,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable f the 1st Ouarter is $6,200 Each unit requires 5 grams of raw material that costs $1.80 per gram. Management desires to end each quarter with an inventory o raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4 th Quarter is 5.000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each requlres 0.40 direct labor-hours and direct laborers are pald $13.50 per hour: Required: 1. and 2. Calculate the estmated grams of raw materlal that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. 3. Caiculate 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 estmated direct labor cost for each quartiar and for the year as a whole
