Correct answer Carlton Manufacturing budgets annually for its fiscalyear. The following beginning and ending inventorylevels are planned for the fiscal year from July 1, 2015,to June 30, 2016:Raw MaterialsJune 30, 2016 June 30, 2015Inventory (kilos) 4,500 kilos 3,500 kilosEach finished unit requires 4 kilos of raw materials.If Carlton Manufacturing plans to produce 700,000 unitsduring the 2015-2016 fiscal year, how many kilos ofmaterials will the company need to purchase forproduction during the year?

Explanation of Raw Materials Inventory: Raw materials inventory represents the stock of unprocessed…

Answered: Carlton Manufacturing budgets annually…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 4EA: One Device makes universal remote controls and expects to sell 500 units in January, 800 in...

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The Sales Department of Minimus Inc. has forecast sales for May 2016 to be 40,000 units. Additional information follows: Materials used in production: Direct labor hours required in production: Prepare the following: a. A production budget for May. b. A direct materials budget for May. c. A direct labor budget for May.
Palmgren Company produces consumer products. The sales budget for four months of the year is presented below. Company policy requires that ending inventories for each month be 25 percent of next months sales. At the beginning of July, the beginning inventory of consumer products met that policy. Required: Prepare a production budget for the third quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total.
Rehydrator makes a nutrition additive and expects to sell 3,000 units in January, 2,000 in February, 2,500 in March, 2,700 in April. and 2,900 in May. The required ending inventory is 20% of the next months sales, and the beginning inventory on January 1 was 600 units. Prepare a production budget for the first four months of the year.
Pilsner Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: Pilsner typically pays 25% on account in the month of billing and 75% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?
Swifty Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year of July 1, 2016 to June 30, 2017: June 30, 2017 June 30, 2016 Raw 3000 kilos 1000 kilos Materials Three kilos of raw materials are needed to produce each unit of finished product. If Swifty Corporation plans to produce 480000 units during the 2016-2017 fiscal year, how many kilos of materials will the company need to purchase for its production during the year? O 1442000 O 1446000 O 1439000 O 1440000
Bramble Corp. budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year of July 1, 2016 to June 30, 2017: June 30, 2017 June 30, 2016 Raw Materials 4000 kilos 3000 kilos Three kilos of raw materials are needed to produce each unit of finished product. If Bramble Corp. plans to produce 500000 units during the 2016-2017 fiscal year, how many kilos of materials will the company need to purchase for its production during the year? A. 1500000 B. 1508000 C. 1497000 D. 1501000
The following beginning and ending inventory levels are planned for next year
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory Inventory Ending Raw material* 53,000 63,000 63,000 Finished goods 93,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 545,000 units during next year, the number of units it would have to manufacture during the year would be: Multiple Choice 545,000 units 492,000 units 575,000 units 515,000 units
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Ending Inventory Inventory Raw material* 58,000 68,000 Finished goods 98,000 68,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 570,000 units during next year, the number of units it would have to manufacture during the year would be: Multiple Choice O 600,000 units 540,000 units 512,000 units 570,000 units
Gardner Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory Ending Inventory Raw material* 48,000 58,000 Finished goods 88,000 58,000 * Three pounds of raw material are needed to produce each unit of finished product. If Gardner Corporation plans to sell 520,000 units during next year, the number of units it would have to manufacture during the year would be:
Fact Pattern: Paradise Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1 through June 30: Direct material* Work-in-process July 1 40,000 10,000 80,000 Finished goods * Two units of direct material are needed to produce each unit of finished product. If Paradise Company plans to sell 480,000 units during the fiscal year, the number of units it will have to manufacture during the year is A. 450,000 units. O B. 480,000 units. 510,000 units. C. O D. June 30 50,000 20,000 50,000 440,000 units.
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. a. b. Raw material* Finished goods C. d. Beginning Inventory 500,000 units 520,000 units 510,000 units 570,000 units 30,000 70,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 510,000 units during next year, the number of units it would have to manufacture during the year would be: Ending Inventory 40,000 60,000

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