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Please help, I answered some but I don't know if its right... ASAP please. Thank you!! Information about Roboto, a product sold by Roberts, Inc.
Please help, I answered some but I don't know if its right... ASAP please. Thank you!!
Information about Roboto, a product sold by Roberts, Inc. is as follows Each unit requires two pounds of material X37. Roberts is planning raw materials needs for the second quarter. Inventory requirements are as follows: a.The finished goods inventory on hand at the end of each month must be equal to 4,000 units plus 34% of the next month's sales. The finished goods inventory on March 31 is budgeted based on this requirement. b.The raw materials inventory on hand at the end of each month must be equal to one- half of the following month's production needs for raw materials. The raw materials inventory on March 31 for material X37 is budgeted based on this requirement. C. The company maintains no work in process inventories A sales budget for Roboto for the second and third quarters of the year follows. March pril ay June July Budgeted Sales in Units 48,000 58,000 78,000 43,000 28,000 18,000 August Required 1. Prepare a production budget for Roboto for the months April, May, June and July Production Budget May April July Budgeted sales Add: Ending inventory Total needs 58,000 26,520 30,520 78,000 14,620 18,620 43,000 9,520 13,520 28,000 6,120 10,120 Required production 3. Prepare a direct materials budget showing the quantity of material X37 to be purchased for Apri, May, June and for the quarter in total. Direct Materials Budget Second April May Production needs (Ibs) Total Material X37 needs Deduct: Beginning inventory Material X37 ourchases 0 wordsStep by Step Solution
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