COmBany Mahufactures and sells soccer balls for teams of children in elementary and high school. Flashkick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high- performance soccer balls used in games). In the first four months of next year, Flashkick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price Danuary 40,000 $8.60 6,600 $16.40 February 60,000 $8.60 7,900 $16.40 March 81,000 $8.60 12,500 $16.40 April 115,000 $8.60 16,500 $16.40 Flashkick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 8,000 practice soccer balls and 1,320 match soccer balls. Every practice ball requires 0.6 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. Flashkick's policy is that 20 percent of the following month's production needsVor raw materials be in ending nventory. Beginning inventory in January for all raw materials met this requirement. Required: Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent. Direct materials purchases budget for polyvinyl chloride panels: FlashKick Company Direct Materials Purchases Budget - Polyvinyl Chloride Panels For January and February Polyvinyl chloride panels: January February Units produced Desired ending inventory Direct materials for production Less: Beginning inventory Total needed Less: Beginning inventory Direct materials purchases
COmBany Mahufactures and sells soccer balls for teams of children in elementary and high school. Flashkick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high- performance soccer balls used in games). In the first four months of next year, Flashkick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price Danuary 40,000 $8.60 6,600 $16.40 February 60,000 $8.60 7,900 $16.40 March 81,000 $8.60 12,500 $16.40 April 115,000 $8.60 16,500 $16.40 Flashkick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 8,000 practice soccer balls and 1,320 match soccer balls. Every practice ball requires 0.6 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. Flashkick's policy is that 20 percent of the following month's production needsVor raw materials be in ending nventory. Beginning inventory in January for all raw materials met this requirement. Required: Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent. Direct materials purchases budget for polyvinyl chloride panels: FlashKick Company Direct Materials Purchases Budget - Polyvinyl Chloride Panels For January and February Polyvinyl chloride panels: January February Units produced Desired ending inventory Direct materials for production Less: Beginning inventory Total needed Less: Beginning inventory Direct materials purchases
Chapter1: Financial Statements And Business Decisions
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The standard cost system is the expected cost per unit product manufactured and it helps in estimating the deviations and controlling them as well as fixing the selling price of the product. For example, it helps to plan the cost for the coming year on the various expenses.
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Transcribed Image Text:Flashkick Company manufactures and sells soccer balls for teams of children in elementary and high school. Flashkick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-
performance soccer balls used in games). In the first four months of next year, Flashkick expects to sell the following:
Practice Balls
Match Balls
Units
Selling Price
Units
Selling Price
January
40,000
$8.60
6,600
$16.40
February
60,000
$8.60
7,900
$16.40
Маrch
81,000
$8.60
12,500
$16.40
Аprl
115,000
$8.60
16,500
$16.40
Flashkick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 8,000 practice soccer balls and 1,320 match soccer balls.
Every practice ball requires 0.6 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 2 ounces of glue. FlashKick's policy is that 20 percent of the following month's production needsFor raw materials be in ending
inventory. Beginning inventory in January for all raw materials met this requirement.
Required:
Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent.
Direct materials purchases budget for polyvinyl chloride panels:
FlashKick Company
Direct Materials Purchases-Budget - Polyvinyl Chloride Panels
For January and February
Polyvinyl chloride panels:
January
February
Units produced
Desired ending inventory
Direct materials for production
Less: Beginning inventory
Total needed
Less: Beginning inventory
Direct materials purchases
Next
Chusk u Werk
Chock h Wor
Transcribed Image Text:Direct materials purchases budget for bladder and valve:
Flashkick Company
Direct Materials Purchases Budget - Bladder and Valve
For January and February
Bladder and valve:
January
February
Units produced
Desired ending inventory
Direct materials for production
Less: Beginning inventory
Total needed
X
Less: Beginning inventory
Direct materials purchases
Direct materials purchases budget for glue:
FlashKick Company
Direct Materials Purchases Budget - Glue
For January and February
Glue:
January
February
Units produced
Desired ending inventory X
Direct materials for production
X
Direct materials for production
Total needed
Less: Beginning inventory
Direct materials purchases
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