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Please only do B) On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending
Please only do B)
On January 1, 2020, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020.
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, 2019, follow the same percentage relationships to production and sales that occur in 2020. 5 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $5 per pound.
Your answer is correct. Prepare a production budget by quarters for the 6-month period anded June 30, 2020. HARDIN COMPANY Production Budget For the Six Months Ending June 30, 2020 Quarter Six Months 1 5900 6600 Uns 1650 1825 7150 8425 Unit 1375 1650 5773 12550 eTextbook and Media Attempts: 2 of 3 used b Prepare a direct materials budget by quarters for the 6-month period anded June 30, 2020. HARDIN COMPANY Direct Materials Budget For the Six Month Ending June 30, 2020 Quarter 1 2.
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