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Chrome File Edit View History Bookmarks People Window Help Gother ways of saying wage rate x https://edugen.wileyplus.com/edugen/student/mainfr.uni sera, Omni VR Treadmill."CodeCombat- Old School Runese..-8 HubSpot | inbound- a companies Needing Lear., tD The 7% Body-Fat Dia, a lllusions Continuous Contact Us Logo Financial and Managerial Accounting (ACCTG 10 and 11 Weygandt, Financial & Managerial Accounting, 2e Gradebook ORION Downloadable eTextbook ment MY INSTRUCTOR FULI NTER VERSION ·BACK NEXT Exercise 23-6 (Part Level Submission) On January 1, 2017, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2017 Sales units: Ending raw materials inventory: Ending finished goods inventory: Third-quarter production: First quarter 5,000; second quarter 6,000; third quarter 7,000 40% of the next quarter's production requirements 25% of the next quarter's expected sales units 7,200 units. 2017. 3 pounds of raw materials are raw materials and finished goods inventories at December 31, 2016, follow the same percentage relationships to production and sales that occur in The ending required to make each unit of finished goods. Raw materials purchased are expected to cost $4 per pound. (a) Your answer is correct. Prepare a production budget by quarters for the 6-month period ended June 30, 2017 HARDIN COMPANY Production Budget For the Six Months Ending June 30, 2017 Quarter

Explanation / Answer

Direct material budget :

Quarter 1 Quarter 2 Six month Production unit 5250 6250 Raw material per unit 3 3 Raw material required for production 15750 18750 Add: Desired ending inventory for raw material 7500 8640 Total needs 23250 27390 Less: Beginning inventory for raw material (6300) (7500) Direct material purchase (quantity) 16950 19890 Price per pound 4 4 Direct material purchase cost 67800 79560 147360

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