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not sure why this is wrong can you help?! completion. Fortin Limited produces and sells a single product, a wearable LED light for runners and
not sure why this is wrong can you help?!
completion. Fortin Limited produces and sells a single product, a wearable LED light for runners and cyclists. The analytics group at Fortin Limited has developed the following estimates for unit sales in the upcoming year. Budgeted unit sales First Quarter 24,300 Second Quarter 22,400 Third Quarter 20,800 Fourth Quarter 22,600 Each light requires two separate LED bulbs, each of which costs $2. To ensure enough LED bulbs are on hand to support short-term production if a problem arises with the sole supplier, Fortin Limited maintains an ending inventory of 10% of the following quarter's production needs. A total of 5,600 LED bulbs will be on hand to start the first quarter of the upcoming fiscal year. Required: Prepare a direct materials purchases budget for LED bulbs, by quarter and in total, for the upcoming fiscal year. At the bottom of your budget, show the dollar amount of purchases for each quarter and for the year in total. Answer is not complete. FORTIN LIMITED Direct Materials Budget - Year 2 Quarter First Second Third 24,300 X 22,400 20,800 X 2 2 2 48,600 44,800 41,600 Year Fourth 22,600 Required production of lights Number of bulbs per light Total production needs--bulbs Add: Desired ending inventory-bulbs Total needs-bulbs 2 45,200 48,600 44,800 FORTIN LIMITED Direct Materials Budget - Year 2 Quarter First Second Third 24,300 22,400 20,800 2 2. 2 48,600 44,800 41,600 Fourth Yaar Required production of lights Number of bulbs per light Total production needs-bulbs Add: Desired ending inventory-bulbs Total needs bulbs 22,600 20 45,200 48,600 44,800 Required purchases bulbs Total cost of purchasesStep by Step Solution
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