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1) Paige Company estimates that unit sales will be 10,900 in quarter 1, 13,000 in quarter 2, 14,900 in quarter 3, and 18,500 in quarter 4. Management desires to have an ending finished goods inventory equal to 21% of the next quarters expected unit sales. Prepare a production budget by quarters for the first 6 months of 2017. (I ADDED MULTIPLE PICS TO SHOW OPTIONS)

2) Perine Company has 4,814 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,150 and 5,820 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 29% of next months materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to 0 decimal places, e.g. 5,275.)

3) Kaspar Industries expects credit sales for January, February, and March to be $205,100, $263,100, and $314,500, respectively. It is expected that 75% of the sales will be collected in the month of sale, and 25% will be collected in the following month. Compute cash collections from customers for each month.

PAIGE COMPANY Production Budget June 30, 2017 For the Six Months Ending June 30, 2017 For the Quarter Ending June 30, 2017 Six Months 10,900 13,000 PAIGE COMPANY Production Budget Quarter Six Months 10,900 13,000 Beginning Finished Goods Inventory Beginning Direct Materials Desired Ending Direct Materials Expected Unit Sales Direct Materials Purchases Desired Ending Finished Goods Inventory Direct Materials Per Unit Required Production Units Total Materials Required Total Required Units PAIGE COMPANY Production Budget Quarter Six Months 10,900 13,000 Total Required Units Desired Ending Direct Materials Desired Ending Finished Goods Inventory Required Production Units Direct Materials Per Unit Total Materials Required Beginning Finished Goods Inventory Beginning Direct Materials Direct Materials Purchases Expected Unit Sales LINK TO PAIGE COMPANY Production Budget Quarter Six Months 10,900 13,000 LINK TO Required Production Units Desired Ending Direct Materials Total Materials Required Direct Materials Purchases Expected Unit Sales Desired Ending Finished Goods Inventory Total Required Units Beginning Finished Goods Inventory Beginning Direct Materials Direct Materials Per Unit By access hile you earn points based on the Point Potential Policy set by your instructor. PAIGE COMPANY Production Budget Quarter _ 1 Six Months 10,900 13,000 Required Production Units Beginning Direct Materials Expected Unit Sales Beginning Finished Goods Inventory Desired Ending Direct Materials Desired Ending Finished Goods Inventory Direct Materials Per Unit Direct Materials Purchases Total Materials Required Total Required Units will learn while you earn points based on the Point Potential Policy set by your instructor. Question Attempts: 0 of 2 used SAVE FOR LATER SUBMIT ANSWE Earn Maximum Points available only if you PERINE COMPANY Direct Materials Budget January 31, 2017 PERINE COMPANY Direct Materials Budget January 31, 2017 Direct Materials Purchases Direct Materials Per Unit Direct Labor Cost Per Hour Units to be produced Total Cost of Direct Materials Purchases Total Pounds Required for Production Direct Labor Time Per Unit Total Direct Labor Cost Total Required Direct Labor Hours Total Materials Required Beginning Materials Inventory Desired Ending Inventory Cost Per Pound Collections from Customers February Credit Sales January March January February March