Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Vista Electronics, Inc., manufactures two different types of coils used in electric motors. In the fall ofthe current year, Erica Becker, the controller, compiled the

image text in transcribedimage text in transcribedimage text in transcribed
Vista Electronics, Inc., manufactures two different types of coils used in electric motors. In the fall ofthe current year, Erica Becker, the controller, compiled the following data. - Sales forecast for 20x0 (all units to be shipped in 20x0): Product Units Price Light coil 66,000 $ 360 Heavy coil 46,000 460 - Raw-material prices and inventory levels: Expected Inventories, Desired Inventories, Anticipated Raw Material January 1, 20x0 December 31, 20x0 Purchase Price Sheet metal 44,000 lb. 48,000 lb. $ 16 Copper wire 41,000 lb. 44,000 lb. 10 Platform 6,600 units 7,600 units 6 - Use of raw material: Amount Used per Unit Raw Material Light Coil Heavy Coil Sheet metal 3 lb. 4 lb. Copper wire 1 lb. 2 lb. Platform 2 unit - Directlabor requirements and rates: Product Hours per Unit Rate per Hour Light coil 3 $ 15 Heavy coil 5 20 . Production overhead: Overhead Cost Item ActivityBased Budget Rate Purchasing and material handling $0.40 per pound of sheet metal and copper wire purchased Depreciation, utilities, and inspection $9.00 per coil produced (either type) Shipping $1.00 per coil shipped (either type) General production overhead $7.00 per directlabor hour Problem 9-39 Part 3 3. Prepare the raw material purchases budget (in quantities) for 20x0. _ Add: Desired inventories, December 31, 20x0 _ Total requirements ess: Expected inventories January1, 20x0 Purchase requirements (units) _ Problem 9-39 Part 4 4. Prepare the raw material purchases budget (in dollars) for 20x0. Copper wire Platforms i\"Red text indicates no response was expected in a cell or a formulabased calculation is incorrect; no points deducted

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_2

Step: 3

blur-text-image_3

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

Financial Accounting

Authors: Carl S Warren, James M Reeve, Jonathan Duchac

12th Edition

0538478519, 9780538478519

More Books

Students also viewed these Accounting questions

Question

1. Background knowledge of the subject and

Answered: 1 week ago

Question

2. The purpose of the acquisition of the information.

Answered: 1 week ago