Brown Inc.'s production budget for Product Xx for the year ended December 31 is as follows: Product X Sales 640.000 units Plus desired ending inventory 85,000 Total 725,000 Less estimated beginning inventory, Jan. 1 90,000 Total production 635,000 In Brown's production operations, Materials A, B, and C are required to make Product X. The quantities of direct materials expected to be used for each unit of product are as follows: Product X Material A .50 pound per unit Material B 1.00 pound per unit Material C 1.20 pound per unit The prices of direct materials are as follows: Material A $0.60 per pound Material B $1.70 per pound Material C $1.50 per pound Prepare a direct materials purchases budget for Product X. Enter all answers as positive amounts. Brown Inc. Direct Materials Purchases Budget A B Total Units required for production of Product X (Ibs) 317,500 635,000 762,000 V Unit price 0.60 1.70 V Total direct materials purchases 1,079,500 190,500

Brown Inc.'s production budget for Product Xx for the year ended December 31 is as follows: Product X Sales 640.000 units Plus desired ending inventory 85,000 Total 725,000 Less estimated beginning inventory, Jan. 1 90,000 Total production 635,000 In Brown's production operations, Materials A, B, and C are required to make Product X. The quantities of direct materials expected to be used for each unit of product are as follows: Product X Material A .50 pound per unit Material B 1.00 pound per unit Material C 1.20 pound per unit The prices of direct materials are as follows: Material A $0.60 per pound Material B $1.70 per pound Material C $1.50 per pound Prepare a direct materials purchases budget for Product X. Enter all answers as positive amounts. Brown Inc. Direct Materials Purchases Budget A B Total Units required for production of Product X (Ibs) 317,500 635,000 762,000 V Unit price 0.60 1.70 V Total direct materials purchases 1,079,500 190,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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