Blue Spruce Company has 2,030 kg of raw materials in its December 31, 2022, ending inventory. Required production for January and February is 4,760 and 6,000 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $6. Management wants an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January. BLUE SPRUCE COMPANY Direct Materials Budget For the Month Ending January 31, 2023

Blue Spruce Company has 2,030 kg of raw materials in its December 31, 2022, ending inventory. Required production for January and February is 4,760 and 6,000 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $6. Management wants an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January. BLUE SPRUCE COMPANY Direct Materials Budget For the Month Ending January 31, 2023

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 14PA: Total Pops data show the following information: New machinery will be added in April. This machine...

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One Device makes universal remote controls and expects to sell 500 units in January, 800 in February, 450 in March, 550 in April, and 600 in May. The required ending inventory is 20% of the next months sales. Prepare a production budget for the first four months of the year.
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