- Raw-material inventories are planned so that each raw material's projected imventory at the beginning of a year is equal to io percent of the previous year's usage of that raw material. The conversion requirements in hours per galion for the three products are Yarex, 0.06 hour; Darol, 0.09 hour, and Norex, 0.15 hour. The conversion cost of $15 per hour is considered 100 percent variable, Required: 1. Determine Empire Chemical Company's production budget (in gallons) for the three products for 202. 2. Determine Empire Chemical Company's conversion cost budget for 202. 3. Assurning the 201 usage of Islin is 270,000 gallons, determine the company's raw-material purchases budget (in dollars) for islin for 202 4-a. Assume that for 202 production, Empire Chemical Company could replace the raw material islin with the raw material Philin. The usage of Philin would be the same as the usage of Islin. However, Philin would cost 20 percent more than islin and would cut production times on all three products by 10 percent. Compare cost of using Philin over using islin. 4-b. Which raw material should the management use for the 202 production? Complete this question by entering your answers in the tabs below. Assuming the 20x1 usage of Islin is 270,000 galions, determine the company's raw-material purchases budget (in doliars) for Islin for 202. Norex. Projected sales in gallons for the three products for the yours 202 and 203 are as follows: - Inventories are planned for each product so that the projected finished.goods inventory at the beginning of each year is equal to 7 percent of that year's projected sales. - Because of the continuous nature of Empire's processes, work-in-process inventory for each of the products remains constant throughout the year. - The raw-material requirements of the three products are shown in the following chart. - Raw-material imventories are planned so that each raw material's projected imventory at the beginning of a year is equal to to percent of the previous year's usoge of that raw material. The comversion requirements in hours per gallon for the thee products are. Yarex, 0.06 hour; Darel, 0.09 hour; and Norex, 0.15 hour. The conversion cost of $15 per hour is considered 100 percent variable. Required: 2. Determine Empire Chemical Company's comversion cost budget for 202. 3. Assuming the 201 usage of islin is 270,000 gallons, determine the company's raw-material purchases budget (in doliars) for islin for 202 4-a. Assume that for 202 production, Empire Chemical Company could replace the raw material Istin with the raw material Phitin. The usage of Philin would be the same as the usage of Islin. However, Philin would cost 20 percent more than islin and would cut production times on all three products by 10 percent. Compare cost of using Phillin over using islin. 4-b. Which raw material should the management use for the 202 production? Complete this question by entering your answers in the tabs below. - Raw-material inventorles are planned so that each raw material's projected irventory ot the beginning of a year is equal to 10 percent of the previous your's usage of that raw material. The comversion requirements in hours per gallon for the three products are Yarex, 0.06 hour, Darol, 0.09 hour; and Norex, 0.15 hour. The conversion cost of $15 per hour is considered 100 percent variable. Required: 1. Determine Empire Chemical Company's production budpet (in gallons) for the three products for 202. 2. Determine Emplre Chemical Company's conversion cost budgot for 202. 3. Assuming the 201 usage of Islin is 270,000 gallons, determine the company's raw-material purchases budget in dollars) for Islin for 202 4-a. Assume that for 202 production, Empire Chemical Company could replace the raw material islin with the raw material Philin. The usage of Philin would be the same as the usage of Islin. However. Philin would cost 20 percent more than Islin and would cut production times on all three products by 10 percent. Compare cost of using Philin over using islin. 4.b. Which raw materkal should the management use for the 202 production? Complete this question by entering your answers in the tabs below. Assume that for 202 production, Emplre Chemical Company could repiace the raw material islin with the raw material Philin. The usage of Philin would be the same as the usage of Islin. However, Philin would cost 20 percent more than Islin and would cut production times on all three products by 10 percent, Compare cost of using Phalin over using Islin