Question
On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017. Sales
On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017.
Sales units: First quarter 5,500; second quarter 6,600; third quarter 7,300 Ending raw materials inventory: 40% of the next quarters production requirements Ending finished goods inventory: 25% of the next quarters expected sales units Third-quarter production: 7,740 units.
The ending raw materials and finished goods inventories at December 31, 2016, follow the same percentage relationships to production and sales that occur in 2017. 5 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $5 per pound.
Prepare a production budget by quarters for the 6-month period ended June 30, 2017.
HARDIN COMPANY Production Budget
Quarter 1 2 Year
:
:
LINK TO TEXT
Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2017.
HARDIN COMPANY Direct Materials Budget
Quarter 1 2 Six Months
:
:
$ $
$ $ $
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