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Help me complete the Production Budget and Direct Materials Budget On January I, 2022, the Bramble Company budget committee has reached agreement on the following
Help me complete the Production Budget and Direct Materials Budget
On January I, 2022, the Bramble Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2022. Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: Prepare a production budget by quarters for the 6-month period ended June 30, 2022. BRAMBLE COMPANY Production Budget For the Six Months Ending June 30, 2022 First quarter 7,100; second quarter 8,520; third quarter 9,940. 40% of the next quarter's production requirements. 25% of the next quarter's expected sales units. 10,290 units. 1 Quarter 2 Expected Unit Sales Add v . Desired Ending Direct Materials The ending raw materials and finished goods inventories at December 31, 2021, follow the same percentage relationships to production and sales that occur in 2022. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. Total Required Direct Labor Hours Direct Labor Cost Per Hour Beginning Direct Materials (Pounds) Total Pounds Needed for Production Total Cost of Direct Materials Purchases Direct Labor Time Per Unit Cost Per Pound Desired Ending Direct Materials (Pounds) Direct Materials Purchases Total Direct Labor Cost Total Materials Required Direct Materials Per Unit Units to be Produced Total Required Units Less v Beginning Direct Materials Total Materials Required Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020. BRAMBLE COMPANY Direct Materials Budget For the Six Months Ending June 30.2020 1 Quarter 2 Six Months Six Months
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