Answered step by step
Verified Expert Solution
Question
1 Approved Answer
roduction, Purchases, and Direct Labor Budgets ingles Corporation is a manufacturer of tables sold to schools, restaurants, hotels, and other institutions. The table tops are
roduction, Purchases, and Direct Labor Budgets ingles Corporation is a manufacturer of tables sold to schools, restaurants, hotels, and other institutions. The table tops are manufactured by Ingles, but the table legs are purchased from an outside supplier. The Assembly Department takes a manufactured table top and attaches the four purchased table legs. It takes 16 minutes of labor to assemble a table. The company follows a policy of producing enough tables to ensure that 40 percent of next month's sales are in the finished goods inventory. Ingles also purchases sufficient materials to ensure that materials inventory is 60 percent of the following month's scheduled production. Ingles's sales budget in units for the next quarter is as follows: July 2.450 2,900 2.100 August September Ingles's ending inventories in units for uly 31 are as follows: Finished goods 1.900 Materials (les) 4,000 o re Required: 1.900 respective, and m 1. Calculate the number of tables to be produced during August for August and September are 2.100 2. Disregarding your response Requirement assume the required productions Inventory is 4,000 units. Compute the number of table legs to be purchased in August legs Previous Next > 3. Assume that Ingles Corporation will produce 2.340 units in September. How many employees will be required for the Assembly Department in September (Praction employees are acceptable since employees can be hired on a partie s. Assume a 40-hour week and a week ) Ma d Round your decimal places loyees
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started