Exercise 21-4 Turney Company produces and sells automobile batteries, the heavy
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Question
Exercise 21-4 Turney Company produces and sells automobile batteries, the heavy duty HD-240. The 2017 sales forecast is as follows Quarter HD-240 5,100 7,440 8,350 10,350 anuary 1, 2017, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40 of the next quarter's sales. Sales in the first quarter of 2018 are expected to be 25% igher than sa es n the same The quarter in 2017 Prepare quarterly production budgets for each quarter and in total for 2017 TURNEY COMPANY Budget Product HD-240 Quarter Click if you would like to Show Work for this question: Open Show WorkExplanation / Answer
Exercise 21.4 Turnkey Company Production Budget for 2017 Particulars Q1 Q2 Q3 Q4 Year Budgeted Sales 5100 7440 8350 10350 31240 (+) Desired Ending Inventory 2976 3340 4140 2550 13006 Total Needs 8076 10780 12490 12900 44246 (-) Opening Inventory 2040 2976 3340 4140 12496 Required Production 6036 7804 9150 8760 31750 Sales in First Quarter of 2018 5100 + 25% of 5100 6375 Exercise 21.5 Turnkey Company Direct Material Purchase Budget Particulars January February March April Budgeted Production 10170 8470 5190 4310 ( *)DM Required per Unit ( Pounds) 5 5 5 5 DM Required of Production 50850 42350 25950 21550 + Budgeted Ending DM 8470 5190 8620 (-) Beginning Direct Material 9100 8470 5190 Budgeted DM Purchases 50220 39070 29380 Cost per Pound 3 3 3 Budgeted DM Purchases in $ 150660 117210 88140 Exercise 21.13 Fultz Company Computation of Cost Of Goods Sold Cost of One unit of finished goods:- Per Unit No Of Units Total Cost Direct Material $6 36770 $ 2,20,620.00 Direct Labour $36 31410 $ 11,30,760.00 Manufacturing Overhead $21 31410 $ 6,59,610.00 Total $63 Cost Of Goods Sold $ 20,10,990.00
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