Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please solve it quickly Question #1 BULL Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 105,000 90,000 2 60,000 3

image text in transcribed

please solve it quickly

Question #1 BULL Company has budgeted the following unit sales: 2017 2016 Quarter Units Quarter Units 105,000 90,000 2 60,000 3 75,000 4 120,000 1 The finished goods inventory on hand on December 31, 2015 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Instructions Prepare a production budget for 2016. Question # 2 The following facts are known: . The total pounds needed for production are 2 times the units to be produced. . The desired ending direct materials inventory is 20% of the total pounds needed for production. . The beginning direct materials inventory is equal in number to 10% of the units to be produced. Cost per pound is $5. Total cost of the direct materials purchases is $1,035,000. Instructions Prepare a direct materials budget for the period

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

Recommended Textbook for

Auditing Cases An Active Learning Approach

Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt

2nd Edition

0130674842, 978-0130674845

More Books

Students also viewed these Accounting questions