budgeted Sales Revenue F Chegg Study 1 Guided Solx eAssignment/takeAssignmentMai

Question

budgeted Sales Revenue F Chegg Study 1 Guided Solx eAssignment/takeAssignmentMain.do?inprogress true eBook Show Me How Calculator Direct Materials Purchases Budget Daybook Inc. budgeted production of 403,500 personal jounals in 20Y6. Paper is required to produce a yournal. Assume sik square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 40,400 square yards. The desired December 31, 20Y6, paper inventory is 38,900 square yards. If paper costs $0.40 per square yard, determine the direct materials purchases budget for 20Y6

Explanation / Answer

Determine material purchase budget :

so budgeted purchase is $967800

Direct material purchase Production unit 403500 raw material per unit 6 Raw material for production 2421000 Add: Ending inventory of raw material 38900 Total needs 2459900 Less: Beginning inventory (40400) Purchase of raw material 2419500 Cost (per yard) .40 Purchase cost of raw material 967800

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