Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

o The Bakey at the Lake produces organic bread that is sold by the lour Each afregues 1/2 of a pound of tour. The bakey

image text in transcribed
image text in transcribed
o The Bakey at the Lake produces organic bread that is sold by the lour Each afregues 1/2 of a pound of tour. The bakey s 200 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of love in each of the upcoming four months Click the icon to vw the units to be produced) The bakery has a policy that it will have 20% of the flowing month's our needs on hand at the end of each month At the end of June, there were 15 pounds of our on hand. Prepare the direct materials budget for the third quarter with a column for each month and for the quarter Begin the direct materiais budget by determining the total quantity needed, then complete the budget. (Enter the pounds per unitas adeomalo two places Round your calculations to the nearest whole number The Bakery at the Lake Direct Materials Budget For the Months of July through September August September Data Table 1,847 ves Units to be produced Murely by Pounds of our needed perunt Quantity needed t o production Plus Desired ending inventory of direct materiais Total Quantity obs) needed Low beginning story of arm s Outy to purchase Multi Costrud To cost of direct maior purchase Print | Dono The Bakery at the Lake produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $2.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months (Click the icon to view the units to be produced.) The bakery has a policy that it will have 20% of the following month's flour needs on hand at the end of each month. At the end of June, there were 158 pounds of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter. Begin the direct materials budget by determining the total quantity needed, then complete the budget. (Enter the pounds per unit as a decimal to two places. Round your calculations to the nearest whole number.) The Bakery at the Lake Direct Materials Budget For the Months of July through September July August Units to be produced Multiply by: Pounds of flour needed per unit Quantity needed (lbs) for production September Quarter Plus: Desired ending inventory of direct materials Total quantity (lbs) needed Less: Beginning inventory of direct materials Quantity (lbs) to purchase Multiply by: Cost per pound Total cost of direct material purchases Enter any number in the edit fields and then continue to the next

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions