Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Units to be produced 1 st Quarter 2 3 , eee 2 nd Quarter Ind Quarter 4 th Quarter 2 4 , e e In

Units to be produced
1st Quarter
23, eee
2nd Quarter
Ind Quarter
4th Quarter
24, ee
In addition, 34,500 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 $8,400
Each unit requires 6 grams of raw materials that cost $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 materlals purchases in the quarter acquired and 40% in the following quarter. Each unit requires 0.20 direct labor-hour and direct laborers are pald $14.50 per hour.
Required:
and 2 Calculate the estimated grams of raw materials that need to be purchased and the cost of raw material purch 5 es for each quarter and for the year as a whole.
Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole
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.
Required
and 2
Required 3
Required 4
Calculate the estimated grams of raw materials that need to be purchased and the cost of raw material purchases for each quarter and for the year as a whole.
\table[[m1,1st,2nd,3rd,4th,Year],[,Quarter,Quarter,Quarter,Quarter],[Estimated grams of raw material to be purchased],[Cost of raw maserials to be purchased,,,,,]]
Pequired 3 y
ilt requires U.20 direct labor-hour and direct laborers are pald $14.50 per hour.
equired:
and 2 Calculate the estimated grams of raw materlals that need to be purchased and the cost of raw material purchas uarter and for the year as a whole.
Calculate the expected cash disbursements for purchases of materlals for each quarter and for the year as a whole.
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.
Required 1 and 2
Calculate the expected cash disbursements for purchases of materials for each quarter and for the year as a whole.
\table[[,1st,2nd,3rd,4th,Year],[Total cash disbursements for materials,Quarter,Quarter,Quarter,Quarter,Year],[,,,,,]]
quired:
nd 2. Calculate the estimated grams of raw materlals that need to be purchased and the cost of raw arter and for the year as a whole.
Calculate the expected cash disbursements for purchases of materlals for each quarter and for the ye 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.
Required 1 and 2
Required 3
Calculate the estimated direct labor cost for each quarter and for the year as a whole.
\table[[,15t,2nd,3rd,Ath,Year],[,Quarter:,Quarter,Quarter,Quarter],[Total direct labor cost,,",,,]]
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield

11th Edition

0471448966, 978-0471448969

More Books

Students also viewed these Accounting questions