VirayPLUS Homework Assignment #9 Chapters 15/16 Question 1 of 4 x View Policies 10/20 1 Show Attempt History Current Attempt in Progress On January 1, 2022, the Crane Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2022. Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: First quarter 5,200; second quarter 6.240; third quarter 7,280 40% of the next quarter's production requirements. 25% of the next quarter's expected sales units. 7,440 units. The ending raw materials and finished goods inventories at December 31, 2021, follow the same percentage relationships to production and sales that occur in 2022. 3 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound C Question 1 of 4 CRANE CORTANT Production Budget For the Six Months Ending June 30, 2022 Quarter 200 6240 sding Finished Goods Unit 1560 1820 6760 Finished Goods Unit 1300 5460 8060 1560 10/201 50x Months 6500 11940 Question 1 of 4 < Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2022. CRANE COMPANY Direct Materials Budget Quarter 10/20 I Question 1 of 4 c eTextbook and Media Save for Later > $ 10/20 E Attempts: 0 of 3 used Submit Answer Question 1 of 4 10/20 E Six Months S 111464A 5:31 PM 3/13/0022