Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

The procuction departinent of zan Coeporabon has wibmsted the following torecast of units to be prodiced by ailarter for the upcomeng fiscal yesr the tist

image text in transcribed
image text in transcribed
image text in transcribed
The procuction departinent of zan Coeporabon has wibmsted the following torecast of units to be prodiced by ailarter for the upcomeng fiscal yesr the tist Pratet is 52,1080 Each unit requires grams of raw mateiai that costs $1.20 par gram Manseement isetires to end eacti quater wen an inventory of faw materibls equal to 25% of the following quarter production need. The desired encling wiventory for the 4 th Guarter is 8000 tequires 0.20 direct tabor hiours and difect taborers ate psio $15 per hoct. Required: quarter and for the year as a whole 4 Calculase the estirsated derect iabor cost fot eoch puarter tio for the sear en a whole Complete this questian by entering your anwwers in the tatis betow. the year as a whole. The productian department of Zan Corporation has submited the follownd forecest of units to be preduced by quater far the upcartung fiscal year: In acasean, 6.000 gradis of taw materiais inventory is on hand at the start of the 1st Couster and the beginning accourifs payable for the fsi Quarter is $2.880. Each unit reguires 8 grams of raw matenial that costs $120 per gram Manacement desres to end each quariey weh an viventiacy of raw materlals equal to 25% of the following quarters nroduction needis. The detred ending inveriory for the den Quatter is 8.000 requires 0.20 cirect labor hours and direct taborers we poid $15 per hout. Required: 1. and 2. Calcilate the ertimated grans of raw material that need to be punchased arid the cost of raw materai putchates for each quarter and for the year as a whole. 3. Calculate the expected cash disburtements for purchasses of matefials for each qoariec and for the year as a whole. 4. Cabculate the estimated daect labor cost for each quarter and for the year as o whole. Complete this question by entering vour anwwirs in then tabs belaw. Calcuiats the evpticted cash doburaments for purchases of materials for esch quarter and for the year-as-a whik. The production departinent of Zan Corporation has sititytied the followeng forecast of unts to be picduced by quatier for the upcoming fiscal year. the fist Duater is 92.010 Foch unt requers 8 grams of taw material that costs $120 ties gian. Manayement desres to end each quarier wet an inventory of Iequirec 0.20 tieect labot-hours and direct isbores e paid 515 ner hour Pequired: 1 and 2 . Calculate the estraled grams of taw materal that need to be purchaved and the cott of rin meletial purthates for esch Quater and for the year as a whole 3. Calculate the expected cash dibburcements for porchoses of materials for esch pister and for the year as a woole 4. Cacculate the estimsted drect ubor cost for each quarter and for the yeat as s whole. Complete itis question liy entering your answers in the tabs thelow

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions