Production Budget and Direct Materials Purchases Budget Jani Subramanian, owner of Jani's Flowers and Gifts, produces gift baskets for various special occasions. Each gift basket includes fruit or assorted small gifts (eg, a coffee mug deck of cards, novelty Cocos mixes, scented soap) in a basket that is wrapped in colorful cellophane Jani has estimated the following unit sales of the standard gift basket for the rest of the year and for January of next year. September October November December 380 100 January Jani likes to have 10% of the next month's sales needs on hand at the end of each month. This requirement was met on August Two materials are needed for each fruit basket: Frut 1 pound 6 Items The materials inventory policy is to have 10% of the next month's fruit needs on hand and 30% of the next month's production needs of small gifts. (The relatively low inventory amount for fruit is designed to prevent spoilage.) Materials inventory on August 31 met this company policy. Required: 1. Prepare production budget for September October November, and December for gift baskets (Note: Round all answers to the nearest whole unit.) C o more Check My Work romani Previous Next > All work saved All work saved Emal rector Save and Est Submit Assement for Grading 6 1.1 8 | 9 | 0 Jani's Flowers and Gifts Production Budget for Gift Baskets For September October, November, and December September October November December Sales Desired ending inventory Needed Less: Beginning inventory Production Feedback Correct 2. Prepare a direct materials purchases budget for the two types of materials used in the production of gift baskets for the months of September October, and November (Note: Round answers to the nearest whole unit) Jani's Flowers and Gifts Direct Materials Purchases Budget For September October, and November September October Fruit: Production Pounds of fruit Required for production Desired ending inventory Total needs 265030 X 227.5 x Check my work more Check My Work uses remaining Previous Next > All work saved. Email instructor Save and Exit Submit Assignment delete NOW2 Online teaching and Calculator Tor September Octoben and November September Fruit: Production November Pounds of fruit Required for production Desired ending Inventory 269.5 Total needs 266.30 Less: Beginning inventory 238.77 Pounds purchased Small gifts: Production Items required Needed for production Desired inventory Total needs Less: Beginning inventory Items purchased 1,662.60 Food Check trward Partially correct 3. Why do you think there is such a big difference in budgeted units from November to December? Why did Jan budget forwer units in January than in December? C o more Check My Work uses remaining Previous Next Emas Instructor Save and Exit Submit Assignment for 6 7 8 9 0 delet