The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: In addition, 11,000 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the ist Quarter is $6,000 Eoch unit requires 4 groms of raw material that costs $1.60 per gram. Management desires to end each quarter with an inventory of row materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4 th 6 uarter is 6 , 000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter Each unit requires 0.20 direct labor-hours and direct laborers are paid $1250 per hour. Required: 1. and 2 Calculate the estimated grams of row material that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. 3. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole. Complete this question by entering your answers in the tabs below. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole. The production department of Zan Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year. In addition, no00 grams of raw materials inventory is on hand at the start of the 1st Quarter and the beginning accounts payable for the ist Quarter is $6,000. Each unit requires 4 grams of raw material that costs $1.60 per gram. Management desires to end each quarter with an inventory of raw materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4 th Quarter is 6.000 grams. Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.20 direct labor-hours and direct laborers are paid $12.50 per hour. Required: 1. and 2 Calculate the estimated grams of raw material that need to be purchased and the cost of raw moterial purchases for each quarter and for the year as a whole. 3. Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole Complete this question by entering your answers in the tabs below. Calculate the estimated direct labor cost for each quarter and for the year as a whole. (Round "Direct labor-hours per unit" and "Direct labor cost per hour" answers to 2 decimal places.) The production department of Z an Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: In addition, 11,000 grams of raw materials inventory is on hand at the start of the ist Quarter and the beginning occounts payable for the ist Ouarter is $6,000 Each unit requires 4 grams of raw material that costs $1.60 per gram. Management desires to end each quarter with an inventory of row materials equal to 25% of the following quarter's production needs. The desired ending inventory for the 4 th Quarter is 6.000 grams Management plans to pay for 60% of raw material purchases in the quarter acquired and 40% in the following quartec. Each unat requires 0.20 direct labor-hours and direct laborers are paid $12.50 per hour. Required: 1 and 2 . Calculote the estimated grams of row material that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole. 3. Calculate the expected cash disbursements for puichases of materials for each quarter and for the year as a whole. 4. Calculate the estimated direct labor cost for each quarter and for the year as a whole Complete this question by entering your answers in the tabs below. Calculate the estimuted grams of raw matenal that need to be purchased and the cost of raw material purchases for each quarter and for the yoar as a whole
