year ex ion the CS x Instructor s M C a x hapter 1 CO ezto.mheducation com/hm.tp

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year ex ion the CS x Instructor s M C a x hapter 1 CO ezto.mheducation com/hm.tpx Penn Slate WetMa· PennState Canvas L 6 e LionPATHLanch Pa M syinl McGraw-9e à WenkrK: Combs.S @M Exercise 14-10 Production and purchases budgets LO 4, 5 Osage, Inc., has actual sales for May and June and forecast sales for July. August, September, and October as follows Actual: May June 5,960 units 6,280 units Forecast 5,990 units 6,750 units July August September 5,590 units October 5.200 units Required: on hand at the end of June. Calculate the number of units to be produced in each of the months of July, August, and September July August Sept Production b. Each unit of finished product requires 7 pounds of raw materials. month's estimated usage. it is currently estimated that 26,700 pounds of raw materials will be on hand at the end of June purchased in each of the months of July and August have raw material rventory on hand at the end of each month thats equal to 70% of the next raw materials will be on hand at the end of June. Calculate the number of pounds of raw materials to be August 11282017 Type here to search

Explanation / Answer

a July August September October Budgeted Sales      5,990.00      6,750.00      5,590.00    5,200.00 Add Closing Stock      4,387.50      3,633.50      3,380.00 (65% of next months sales) Less Opening Stock      3,894.00      4,387.50      3,633.50 Production      6,483.50      5,996.00      5,336.50 b July August September Budgeted Usage    45,384.50    41,972.00    37,355.50 (Budgeted Productionx7) Add Closing Stock    29,380.40    26,148.85 Less Opening Stock    26,700.00    29,380.40 Purchases    48,064.90    38,740.45

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