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i cant figure out number 2 fir the first two photos then i cant fugure out this one either(3rd) photo Production Budget and Direct Materials

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image text in transcribed
i cant figure out number 2 fir the first two photos
then i cant fugure out this one either(3rd) photo
image text in transcribed
Production Budget and Direct Materials Purchases Budgets Pets Plus, Inc. produces otic fluid for dogs. The otic fluid is sold in 12 -ounce plastic botties. The sales buidget for the first four months of the year is as follows: Company policy requires that ending imventories for each month be 25% of next month's sales. At the beginning of January, the inventory of otic fluid is 34,000 botties. Each bottle of otic fluid needs two raw materials: eight ounces of a mix of salicylic acid and water and one plastic bottle. Company policy requires that ending inventories of raw materats for each month be 20% of the next month's production needs. That policy was met on January 1. 1. Prepare a productiok budget for the first quarter of the year. Show the number of bottles that should be produced each month as well as for the quarter in total. Feedoack . Check My Work The production budget is in units. Fill in the units for sales from the amounts provided. The desired ending inventory is added to the number of units to be produced and is calculated based on future sales. Beginning inventory is subtracted to determine units to be produced. Beginning inventory is given for the first month and is carried forward from the previous month for later months. Review the "How to Prepare a Production Budget" example in the text. 2. Prepare a direct materials purchases budget for bottles for the months of January and February. Round all calculations to the nearest whole number. Theck My Work The production budget is in units. Fill in the units for sales from the amounts providod. The desired ending inventory is added to the number of units to be produced and is calculated based on future sales. Beginning ifventory is subtracted to determine units to be produced. Beginning imventory is given for the first month and is carried forward from the previous month for later months. Review the Thow to Prepare a Production Budget" example in the text: 2. Prepare a direct materials purchases budget for botties for the months of January and February. Round all calculations to the nearest whole number. Fetedeseck oheck My Wark Prepare a direct materials purchases budget for salkylic acid and water mioture for the months of January and February. Round all calculations to the nearest whole number. Cash Budget The owner of a plumbing supply company has requested a cash budget for June. After examining the records of the company, you find the following: a. Cash balance on June 1 is $936. b. Actual sales for April and May are as follows: c. Credit sales are collected over a 3 -month period: 30% in the month of saie, 40% in the second month, and 20% in the third month. The soles collected in the third month are subject to a 2% late fee, which is paid by those customers in addition to what they owe. The remaining sales are uncollectible. d. Inventory purchases average 66% of a month's total sales. Of those purchases, 20% are paid for in the month of purchase. The remaining 80% are paid for in the following month. e. Sataries and wages total $11,750 per month, including a $4,500 salary paid to the owner. f. Rent is $4,200 per month. 9. Taxes to be paid in June are $6,780. The owner also tells you that he expects cash sales of $18,600 and credit sales of $58,000 for June. No minimum cash balance is required. The owner of the company doesn't have access to short-term loans

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