ezto.mheducation.com/hm.tpx Question 10 (of 10) 10, 10. 2.00 points The producti

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ezto.mheducation.com/hm.tpx Question 10 (of 10) 10, 10. 2.00 points The production depatment of Priston Company has sobmitted the tollowing forecast of units to be produced by quarter for the upcoming fiscal year Units to be produced 9.000 10,000 1,000 8,000 In addtion, the beginning raw materials inventory for the 1st Quarter is the beginning accounts payable for the 1st Quarter is budgeted to be $17,100 Each unit requires two pounds of au material that costs $2.00 per pound Management desires to end each quar er ith araw mater alsa-nvertory-to 20% of thefollowing quarters production needs The desired ending inventory for the 4th Quarter is 6.000 material purchases in the quarter acquired ad 4%hthe folowing qaner Each unt requres 025drect pounds Management plans to pay for 60%of hours and direct labor-hour workers are paid $11 per hour Required: 1a. Prepare the company's direct materials budget for the positive values. Do not sound intermediate calculations) Priston Company irect Materials Budget 1st Quarter 2ndaer d Quarter th Quter Production needs pounds Total needs pouds Deduct Begening imiventory Raw matetials to be purchased pounds Ask me

Explanation / Answer

Answer:1a

Answer:1b

Answer:2

Piston company Direct material Budget Particulars 1 2 3 4 Total Production needed in Pounds 18000 20000 22000 16000 76000 Add: ending raw material 4000 4400 3200 6000 17600 Total needs-Pounds 22000 24400 25200 22000 93600 Less: beginning raw material 3600 4000 4400 3200 15200 Raw material to be purchased in pounds 18400 20400 20800 18800 78400 Cost of raw material to be purchased 36800 40800 41600 37600 156800

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