Oriole Auto has developed the following production plan for its new auto part Ja
ID: 2554225 • Letter: O
Question
Oriole Auto has developed the following production plan for its new auto part January February March April Budgeted production (units) 12,000 8,310 9,380 12,040 Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 135% of the next month's production needs, plus an additional 556 pounds. January's beginning inventory requirements equal 135% of the current month's production needs, plus an additional 556 pounds. Prepare the direct materials purchases budget for the first three months of the coming year. (Round answers to 0 decimal places, e.g.5,275.) January February March Quarter 12000 831 9380 29690 Standard pounds per unt Beginning inventory 36000 24930 28140 89070 4211. 38545 49318 220745.5 Budgeted purchases (ibs.) Total DM required (ibs.)t 0211.5 63475 77458 11144.5 Production needsExplanation / Answer
Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Paticulars January February March Quarter April Budgeted production in units 12,000.00 8,310.00 9,380.00 29,690.00 12,040.00 Standard hours per unit 3.00 3.00 3.00 3.00 3.00 Standard pounds required for production 36,000.00 24,930.00 28,140.00 89,070.00 36,120.00 Ending raw materials inventory 34,211.50 38,545.00 49,318.00 49,318.00 Total DM required in (lbs) 70,211.50 63,475.00 77,458.00 138,388.00 Less Beginning raw materials inventory 49,156.00 34,211.50 38,545.00 49,156.00 Budgeted purchases ( lbs) 21,055.50 29,263.50 38,913.00 89,232.00
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