Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Need help on the second part Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 460, 440, 512,
Need help on the second part
Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 460, 440, 512, 472, and 540 respectively. ints Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of next quarter's materials requirement. Prepare a direct materials purchases budget with respect to LED lights for the first quarter. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the 1 quarter. Jan 455 Feb 458 Mar 502 1st Quarter 1,415 Budgeted Production in Units CUIELKI WUIK Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were 460, 440, 512, 472, and 540 respectively. points Required: 1. The company's policy for ending finished goods is 25 percent of next quarter's sales. Prepare a production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of next quarter's materials requirement. Prepare a direct materials purchases budget with respect to LED lights for the first quarter. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 Print The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent next quarter's materials requirement. Prepare a direct materials purchases budget for the first quarter. (Do not round intermediate calculations.) References Jan Feb Mar 1st Quarter Budgeted Cost of Direct Material PurchasesStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started