Homework: Chapter 9 Homework (required) Save Score: 0.36 of 1 pt 2 of 9 (2 complete) HW Score: 15.08%, 1.36 of 9 pts W E9-22A (similar to) Question Help Smith Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 10% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements Plus Desired ending inventory 720 620 900 900 Total needed 3.920 4,220 4,000 10,800 720 640 Less: Beginning inventory 3.280 3,500 3.380 Units to produce 10.160 640 620 Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget X Data Table Smith Manufacturing Direct Materials Budget For the Months of January through March Number of planters to be sold January February March Quarter January .... 3,200 Units to be produced 3,280 3,500 3,380 10,160 February ..... 3,600 4 4. Multiply by: Quantity of direct materials needed per unit March 3,100 Quantity needed for production 13,120 14,000 13,520 40.640 April 4,500 Plus: 2800 Desired ending inventory of direct materials 2704 May 4,700 Total quantity needed 4 Print Done Enter any number in the edit fields and then click Check Answer. 2 1 part remaining Clear All Final Check