newconnect.mheducation.com Dashboard TD Ameritrade E*TRADE FINAN... Inbox - abdisalan... Rate My Profess... Highline Class Sc... Assignments: AC... Graded HW Ch. 8 of Shenzhen, Chi... Pear Products Li... Of Shenzhen, Ch... + OO Graded HW Ch. 8 A Saved Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. W Washington State Community and Technic... public.ctc.edu Main Menu Welcome to the Web Admissions Cent... Return to question 3 A Amazon.com: Bose QuietComfort 35 WIREL... amazon.com Amazon.com: Bose QuietComfort 35 WIRELE... Exercise 8-10 Production and Direct Materials Budgets (LO8-3, LO8-4) 7.69 points Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 10,000 units. b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 54,000 cc of solvent H300. c. The company maintains no work in process inventories. A monthly sales budget for Supermix for the third and fourth quarters of the year follows. July August September October November December Budgeted Unit Sales 35,000 40,000 50,000 30,000 20,000 10,000 Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Answer is complete but not entirely correct. Mc Graw Hill Education newconnect.mheducation.com Dashboard TD Ameritrade E*TRADE FINAN... Inbox - abdisalan... Rate My Profess... Highline Class Sc... Assignments: AC... Graded HW Ch. 8 of Shenzhen, Chi... Pear Products Li... + Of Shenzhen, Ch... OO Graded HW Ch. 8 A Saved Help Save & Exit Submit Washington State Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. W Community and Technic... Main Menu Welcome to the Web Admissions Cent... Return to question A Amazon.com: Bose QuietComfort 35 WIREL... amazon.com Amazon.com: Bose QuietComfort 35 WIRELE... m. Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. 7.69 points Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the September 46,000 Third Quarter 124,000 CC 3cc Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materials needed Less: Units of beginning raw materials inventory Units of raw materials to be purchased Pearl Products Limited Direct Materials Budget July August 36,000 42,000 3 108,000 126,000 63,000 69,000 171,000 195,000 54,000 63,000 117,000 132,000 138,000 42,000 180,000 69,000 372,000 174,000 546,000 186,000 360,000 111,000
