Direct Materials Purchases BudgetFlashKick 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 (durablesoccer 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 tosell the following:Practice BallsMatch BallsUnitsSelling PriceUnitsSelling PriceJanuary41,000$8.756,900$16.30February56,000$8.757,700$16.30March83,000$8.7513,500$16.30April115,000$8.7517,000$16.30FlashKick requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 8,200 practice soccer balls and1,380 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 percentmet this requirement.of the following month's production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materiaRequired: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 youranswers to the nearest cent. Direct materials purchases budget for bladder and valve:FlashKick CompanyDirect Materials Purchases Budget - Bladder and ValveFor January and FebruaryBladder and valve:JanuaryFebruaryUnits producedDirect materials for productionX.Total neededDirect materials purchases0000011

Budget is the forecasts made for future period of time. Production budget shows estimated units to…

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

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

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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Direct Materials Purchases Budget
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