Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

what is raw material budget for Jan and Feb NAKE's sales budget for basketballs for the next months: Jan Feb Mar Apr Units 500,000 600.000

image text in transcribed
what is raw material budget for Jan and Feb
NAKE's sales budget for basketballs for the next months: Jan Feb Mar Apr Units 500,000 600.000 400,000 700,000 They sell each basketball for $12 They want ending inventory to be 30% of the next month's sales units Beginning Finished goods inventory is 100,000 units. It takes 2 pounds of rubber to make each basketball. That is the only Direct Material Beginning Direct Material inventory is 10,000 pounds of rubber They want ending raw material inventory to be 10% of the next month's direct material need. One pound of rubber cost them $2 Each basketball takes 30 minutes of labor and labor cost is $12 per hour 1 Prepare the Sales Budget Jan Units 500,000 Feb 603,000 Mar 400,000 Revenue 2 Prepare the Unit Production Budget in Units Jan Feb Mar 3 Prepare the Raw Materials Budget for Jan-Feb in pounds and dollars Jan Feb 4 Prepare the direct labor budget for Jan, Feb and Mar Jan Feb Mar

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

ISE Fundamental Managerial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds, Mark Edmonds, Philip Olds

9th Edition

1260565483, 9781260565485

More Books

Students also viewed these Accounting questions

Question

Review The New Employee, the case study for Chapter

Answered: 1 week ago