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please solve all parts. i will upvote The production department of Hareston Company has submitted the following forecast of units to be produced by quarter
please solve all parts. i will upvote
The production department of Hareston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: In addition, the beginning raw materials inventory for the first quarter is budgeted to be 2,100 kilograms and the beginning accounts payoble for the first quarter are budgeted to be $3,640 Eoch unit requires 3.4 kilograms of raw material that costs $2.80 per kilogram. Management desires to end each quarter with an inventory of raw materials equal to 10% of the following quarter's production needs. The desired ending inventory for the fourth quorter is 2.550 kilograms. Management plans to pay for 80% of raw material purchases in the quarter acquired and 20% in the following quarter. Eoch unit requires 0.6 direct labour-hours, and direct labour-hour workers are paid $210 per hour Required: 1-a. Prepare the company's direct materials budget. (Round your answer to the nearest whole dollar omount.) 1.b. Prepare the schedule of expected cash disbursements for materials for the upcoming fiscal yoar. (Round your answer to the nearest whole dollar amount.) 2. Prepare the company's ditect labour budget for the upcoming fiscal yeat, assuming that the direct labour workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced. (Do not round intermediate colculations.) Step by Step Solution
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