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Master Budget, Raw Material Purchases Budget:) Each unit sells for $250 Forecasted Sales (in units) table[[January,February,March,April,May,June,July],[14,000,13,000,16,000,15,000,17,000,19,000,18,000]] Each unit requires 6 pounds of Raw Material

Master Budget, Raw Material Purchases Budget:)\ Each unit sells for

$250

\ Forecasted Sales (in units)\ \\\\table[[January,February,March,April,May,June,July],[14,000,13,000,16,000,15,000,17,000,19,000,18,000]]\ Each unit requires 6 pounds of Raw Material\ Each unit requires 4.5 hours of Direct Labor\ Each unit requires 2.5 hours of machine time\ Each pound of material costs

$8

\ Your desired Ending Inventory in units every month for Finished Goods is

15%

of next month's sales\ Your desired Ending Inventory in pounds every month for Raw Material is

20%

of next month's usage\ Beginning Inventory of Finished Goods on January

1^(st )

was 2,100 units\ Beginning Inventory of Raw Material on January

1^(st )

was 16,620 pounds.\ Prepare a Production Budget for January, February, March, April\ Using your answer from the Production Budget, prepare a Raw Material Purchases Budget for January February and March

image text in transcribed
Each unit requires 6 pounds of Raw Material Each unit requires 4.5 hours of Direct Labor Each unit requires 2.5 hours of machine time Each pound of material costs $8 Your desired Ending Inventory in units every month for Finished Goods is 15% of next month's sales Your desired Ending Inventory in pounds every month for Raw Material is 20% of next month's usage Beginning Inventory of Finished Goods on January 1st was 2,100 units Beginning Inventory of Raw Material on January 1st was 16,620 pounds. Prepare a Production Budget for January, February, March, April Using your answer from the Production Budget, prepare a Raw Material Purchases Budget for January Feforuary and March

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