Required information The following information applies to the questions displaye

Question

Required information The following information applies to the questions displayed below.] Vista Electronics, Inc. manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data Sales forecast for 20x0 (all units to be shipped in 20x . Product Units Price Light coil Heavy 31,000 310 51,000 $210 coil Raw-material prices and inventory levels: Desired Inventories, December 31, 20x0 Expected Anticipated Purchase Price Raw Material January 1, 20x0 Sheet metal Copper wire Platform Inventories, 29,000 1b. 26,000 1b. 33,000 lb. $18 29,000 lb. 5,100 units 6,100 units Use of raw material: . Amount Used per Unit Light Raw Material Sheet metal Copper wire Platform Heavy Coil 4 lb. 2 lb. Coil 5 lb. 3 lb. 1 unit Direct-labor requirements and rates Rate per Hours per Unit Product Light coil Heavy coil Hour $15 20 4

Explanation / Answer

Particulars Sheet Metal Copper wire Platforms Materials required for light coil 204000 102000 0 Material required for heavy coil 155000 93000 31000 Total Material required (a) 359000 195000 31000 Less: opening inventories -29000 -26000 -5100 Add: Closing inventories 33000 29000 6100 Material required to purchase (b) 363000 198000 32000 Anticipated purchas price © 18 9 5 Total material Purchases cost(d) = (b)*© 6534000 1782000 160000 Particulars Sheet Metal Copper wire Platforms Total material Purchases cost(d) = (b)*© 6534000 1782000 160000

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