requirement 1
requirement 2:
requirement 3
requirement 4
requirement 5
Feeders Plus makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for $19 per birdfeeder. Each birdfeeder requires 1.0 board feet of wood, which the company obtains at a cost of $3 per board foot. The company would like to maintain an ending stock of wood equal to 20% of the next month's production requirements. The company would also like to maintain an ending stock of finished birdfeeders equal to 15% of the next month's sales data for the company is as follows: Sales Units 86,000 83,000 76,000 76,000 93,000 92,000 rter October actual sales (prior year) November actual sales (prior year). December actual sales (prior year)... January projected sales February projected sales March projected sales. April projected sales.. 106,000 EEB (Click the icon to view the sa i (Click the icon to view additio Read the requirements roduction requirements summary budget for the quarter, including a separate section that details t e More Info In any given month, 25% of the total sales are cash sales, while the remainder are credit sales The company's collection history indicates that 80% of credit sales is collected in the month after the sale, 10% is collected two months after the sale, 4% is collected three months after the sale, and the remaining 6% is never collected. Assume that the total cost of direct materials purchases in December was $530,000. The company pays 60% of its direct materials purchases in the month of purchase, and pays the remaining 40% in the month after purchase Print Done Feeders Plus Sales Budget For the Quarter Ended March 31 Month JanuaryFebruary March Quarter Unit sales Multiply by Sales price per unit Total sales revenue Cash sales Credit sales Total sales revenue th . Prepare the production budget for the first three months of the year, as well as a summary budget for the quator s of the year, as well as a summary budget for the quarter Feeders Plus Production Budget For the Quarter Ended March 31 Month January February March Quarter Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce Month Units to be produced Multiply by. Quantity (board feet) of DM needed per unit Quantity (board feet) needed for production Plus: Desired ending inventory of DM Total quantity (board feet) needed Less: Beginning inventory of DM Quantity (board feet) to purchase ultiply by: Cost per board foot otal cost of DM purchases Feeders Plus Cash Collections Budget For the Quarter Ended March 31 Month January February March Quarter Cash sales in current month Collections on credit sales: 80% of credit sales made one month ago 10% of credit sales made two months ago 4% of credit sales made three months ago Total cash collections 1 ] IUJ DOuyet 1ot uirect materials purchases for the months of January, February Review the direct materials budget prepared in Requirement 3 Feeders Plus Cash Payments for Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter [ 1-1 -- 1 - 60% of current month DM purchases 40% of last month's DM purchases Total cash payments
