Preston Manufacturing produces self-watering planters for use in upscale relail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be a follows: (Click the icon to view additional information) Inventory at the start of the year was 390 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements i Data Table Requirement 1. Prepare a production budget for each month in the first quarter of the year, including productie March Quarter Preston Manufacturing Production Budget For the Months of January through March January February Unit sales 3,900 3,700 370 310 Plus: Desired ending inventory 4,270 4,010 Total needed 390 370 Less: Beginning inventory January .. February March ...... Number of planters to be sold 3,900 3,700 3,100 4,500 4.900 3,100 10,700 450 450 April May 3,550 310 11,150 390 370 450 Plus: Desired ending inventory 310 450 Total needed 4,270 4,010 3,550 11,150 390 370 Less: Beginning Inventory 310 390 3,880 3,640 Units to produce 3,240 10,760 Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. (Click the icon to view additional information.) Inventory at the start of the year was 390 planters. The desired Inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements GRY PRE CE gougny G, WITGOED Preston Manufacturing Requirements Direct Materials Budget For the Months of January through March January February March Quarter 1. Prepare a production budget for each month in the first quarter of the year, Units to be produced 39001 37001 3100 10700 including production in units for each month and for the quarter. 2. Prepare a direct materials budget for the polypropylene for each month in the 3 Multiply by: Quantity of direct materials needed per unit 3 3 first quarter of the year, including the pounds of polypropylene required and the Quantity needed for production 11700 total cost of the polypropylene to be purchased 11100 93001 32100 Plus: : Desired ending inventory of direct materials Print Done Total quantity needed 3 Enter any number in the edit fields and then click Check Answer. Preston Manufacturing produces self-watering planters for use in upscale relail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be a follows: (Click the icon to view additional information) Inventory at the start of the year was 390 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements i Data Table Requirement 1. Prepare a production budget for each month in the first quarter of the year, including productie March Quarter Preston Manufacturing Production Budget For the Months of January through March January February Unit sales 3,900 3,700 370 310 Plus: Desired ending inventory 4,270 4,010 Total needed 390 370 Less: Beginning inventory January .. February March ...... Number of planters to be sold 3,900 3,700 3,100 4,500 4.900 3,100 10,700 450 450 April May 3,550 310 11,150 390 370 450 Plus: Desired ending inventory 310 450 Total needed 4,270 4,010 3,550 11,150 390 370 Less: Beginning Inventory 310 390 3,880 3,640 Units to produce 3,240 10,760 Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. (Click the icon to view additional information.) Inventory at the start of the year was 390 planters. The desired Inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements GRY PRE CE gougny G, WITGOED Preston Manufacturing Requirements Direct Materials Budget For the Months of January through March January February March Quarter 1. Prepare a production budget for each month in the first quarter of the year, Units to be produced 39001 37001 3100 10700 including production in units for each month and for the quarter. 2. Prepare a direct materials budget for the polypropylene for each month in the 3 Multiply by: Quantity of direct materials needed per unit 3 3 first quarter of the year, including the pounds of polypropylene required and the Quantity needed for production 11700 total cost of the polypropylene to be purchased 11100 93001 32100 Plus: : Desired ending inventory of direct materials Print Done Total quantity needed 3 Enter any number in the edit fields and then click Check
