o-c lla Sylabus for ACC201 . Principul a Ch 7 homework Suggest ed Sites.The Lobb

Question

o-c lla Sylabus for ACC201 . Principul a Ch 7 homework Suggest ed Sites.The Lobby Web Sice Gallery owledge Anywhere-C " at ESA-Third Party Credit C. March Networks Comini. 100 points Exercise 7-3 Direct Materials Budget ILO7-4 Four grams of musk oil are required for each bottle of Mink Caress is given below by quarters for Year 2 and for the first quarter of Year 3 Caress, a very popular perfume made by a per gram Budgeted production of Mink Year 2 Year 3 92.000 122,000 182,000 132.000 102,000 Musk oil has become so popular as a perfume ingredient that it has become necessary to carry large quarber must be equal to 20% of the following will be on hand to start the first quarter of Year quarters producton needs some 73.600 grams of musk oil Pepare materials" answers to 2 decimal places) a direct materials budget for musk ol by quarter and in total, for Year 2 (Round "Unit cost of raw Direct Materials Budget Year 2 Quarter Third Required production in units of fnished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Total units of raw materials needed Units of raw materialis to be purchased Unit cost of raw materials Cost of raw materials to be purchased Hints Reterences eBook & Resources SERVATIONS: 855

Explanation / Answer

Statement showing Materials Budget Year 2 Total Year 3 Particulars Q1 Q2 Q3 Q4 Q1 Required production in unit of finished goods                   92,000.00                122,000.00                182,000.00                132,000.00                528,000.00                          102,000.00 Units of raw material needed per unit of finished good                             4.00                             4.00                             4.00                             4.00                             4.00                                       4.00 Units of raw material needed to meet production                368,000.00                488,000.00                728,000.00                528,000.00             2,112,000.00                          408,000.00 Ending Raw Materials at 20%                   97,600.00                145,600.00                105,600.00                   81,600.00                   81,600.00 Total units of raw material needed                465,600.00                633,600.00                833,600.00                609,600.00             2,193,600.00 Less Beginning raw material                   73,600.00                   97,600.00                145,600.00                105,600.00                   73,600.00 Unit of raw material to be purchased                392,000.00                536,000.00                688,000.00                504,000.00             2,120,000.00 Unit cost of raw materials                             1.70                             1.70                             1.70                             1.70                             1.70 Cost of raw materials to be purchased                666,400.00                911,200.00             1,169,600.00                856,800.00             3,604,000.00

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