Carlton Manufacturing budgets annually for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year from July 1, 2015, to June 30, 2016: Raw Materials June 30, 2016 June 30, 2015 Inventory (kilos) 4,500 kilos 3,500 kilos Each finished unit requires 4 kilos of raw materials. If Carlton Manufacturing plans to produce 700,000 units during the 2015-2016 fiscal year, how many kilos of materials will the company need to purchase for production during the year?

Carlton Manufacturing budgets annually for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year from July 1, 2015, to June 30, 2016: Raw Materials June 30, 2016 June 30, 2015 Inventory (kilos) 4,500 kilos 3,500 kilos Each finished unit requires 4 kilos of raw materials. If Carlton Manufacturing plans to produce 700,000 units during the 2015-2016 fiscal year, how many kilos of materials will the company need to purchase for production during the year?

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 1P: The Sales Department of Minimus Inc. has forecast sales for May 2016 to be 40,000 units. Additional...

See similar textbooks

Similar questions

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.
Production during the year?
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
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
Coronado, Inc., is preparing its direct labor budget for 2027 from the following production budget based on a calendar year. Quarter Units Quarter Units 1 18,400 3 32,200 2 23,000 27,600 Each unit requires 1.5 hours of direct labor. Prepare a direct labor budget for 2027. Wage rates are expected to be $16 for the first 2 quarters and $18 for quarters 3 and 4. (Round Direct labor time per unit answers to 2 decimal places, e.g. 52.50.) CORONADO, INC. Direct Labor Budget Quarter 1 2 3 4 Year $ $ $ $ $ $ $
The number of units it would have to manufacture during tha year would be
Sarasota Company is preparing its manufacturing overhead budget for 2022. Relevant data consist of the following. Quarterly units production: Q1-9,800, Q2-11,100, Q3-13,000, Q4-15,400. unit. Direct labor: Labor required is 1 hour per Variable overhead costs per direct labor hour: Indirect materials $0.80; indirect labor $1.10; and maintenance $0.50. Fixed overhead costs per quarter: Supervisory salaries $40,500; depreciation $16,700; and maintenance $11,000. Prepare the manufacturing overhead budget for the year, showing quarterly data. (List variable costs before fixed costs.) First Quarter SARASOTA COMPANY Manufacturing Overhead Budget Second Quarter 1 Qı
Lily, Inc., is preparing its direct labor budget for 2022 from the following production budget based on a calendar year. Quarter Units Quarter Units 1 22,000 3 38,500 2 27,500 4 33,000 Each unit requires 1.5 hours of direct labor.Prepare a direct labor budget for 2022. Wage rates are expected to be $14 for the first 2 quarters and $18 for quarters 3 and 4. (Round Direct labor time per unit answers to 1 decimal place, e.g. 52.5.)
Thank you.
Shalom Company prepared its 2023 manufacturing overhead budget to produce Product Peace. Variable overhead costs per direct labor hour are Indirect materials, P3; Indirect labor, P15; Maintenance, P2. Fixed costs totaled P68,000 composed of Supervisor's salaries, P36,000; Depreciation, P20,000; Maintenance, P12,000. Producing each unit requires 2 direct labor hours. Shalom Company estimates that units to be produced for each quarter are 3,000, 3,600, 4,000, and 6,000, respectively. Amounts must be in whole numbers. Example: 88,000 or (88,000) How much is the total manufacturing overhead budget? Cash payments in quarter 3
Crane Industries has adopted the following production budget for the first 4 months of 2027. Month Units January 10,600 Month Units March 5,300 February 8,480 April 4,240 Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31, 2026, the ending raw materials inventory was 4,240 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. > > > > > CRANE INDUSTRIES Direct Materials Purchases Budget January $ February $ $
Shalom Company prepared its 2023 direct labor budget to produce Product Peace. Producing each unit requires 1.5 direct labor hours and the company estimates that the hourly rate for wage for each quarter are P280, P290, P300, P305, respectively. Month Units January February March April May June July August September October November December 500 1,000 600 800 1,400 900 800 1,200 500 900 700 3,000 Amounts must be in whole numbers. Example: 88,000 or (88,000) How much is the total direct labor budget? For Quarter 4