Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Unread) CALCULATOR PRINTER VERSION RACK NEXT ES Exercise 24-08 a-b Fuqua Company's sales budget projects unit sales of part 198Z of 10,100 units in January,

image text in transcribed

image text in transcribed

image text in transcribed

Unread) CALCULATOR PRINTER VERSION RACK NEXT ES Exercise 24-08 a-b Fuqua Company's sales budget projects unit sales of part 198Z of 10,100 units in January, 12,100 units in February, and 13,500 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost 4 per pound. Fuqua Company desires its ending raw materials nventory to equal 40% o the next month's production requirements, and its ending inshed go s 'n ento y to equal 20% Your answer is partially correct. Try again Prepare a production budget for January and February 2020 FUQUA COMPANY Production Budget udy For the Quarter Ending February 28, 2020 January February Expected Unit Sales Add Desired Ending Finished Goods Inventory Total Required Units Less Beginning Finished Goods Inventory 101 121 270 2420 12520 14800 2500 202 12300 1050 Required Production Units LINK TO T Your answer is partially correct. Try again Prepare a direct materials budget for January 2020 :13 PM 4/21/2019 Hie_@ ere to search DOLL xercise 24-08 a-b uqua Company's sales budget projects unit sales of part 198Z of 10,100 units in January, 12,100 units in February, A per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's producti expected unit sales. These goals were met at December 31, 2019. Your answer is partially correct. Try again. Prepare a production budget for January and February 2020. FUQUA COMPANY Production Budget For the Quarter Ending February 28, 2020 February January Expected Unit Sales AddDesired Ending Finished Goods Inventory Total Required Units LessBeginning Fnished Goods Inventory 10100 12100 2700 2420 12520 14800 2020 2500 Required Production Units 10500 12300 LINK TO TEXI Your answer is partially correct. Try again. Prepare a direct materials budget for January 2020. search DOLL Help System Announcements (1 Unread) Prepare a direct materials budget for January 2020 FUQUA COMPANY Direct Materials Budget For the Month Ending January 31, 2020 January 10500 Units To Be Produced 3 Direct Material Pounds Per Unit 31500 Total Pounds Needed for Production 14760 Desired pounds in Ending Materials Inventory Add Total Materials Required 46260 LessBeginning Direct Materials (Pounds) 12600 Direct Materials Purchases 33660 Cost Per Pound 4 Total Cost of Direct Materials Purchases 134640 Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT to search DOLL

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

Question

What is the corporate veil and how can it be pierced

Answered: 1 week ago