please help me Dolores Varieties produces high-quality bridal gowns. The sales budgets for the first five months of theyear are given:JanuaryFebruaryMarchAprilMayThe inventory of finished products at the end of each month is to be equal to 30% of the sales estimatefor the next month. This requirement was met on Jan. 1. No work in process is in process at the end ofeach month Among other materials, each unit of product requires two types of materials which are asfollows:Jusi clothGolden lace15,700 units16,20020,40022,30024,0003 meters per gown1 meter can produce 4 gownsThe estimated cost of Jusi cloth is P5,000 per meter while one meter of golden lace costs P1,000.Materials equal to one-third of next month's production needs are to be on hand at the end of eachmonth. This requirement was met on Jan. 1.Instructions: For the first quarter, prepare the following:a) Production budget for January, February and March, respectively.b) Purchases budget for each type of material for Jan. and FebJanuaryFebruaryPPJusiGolden lacec) Which raw material would require more cash budget? Why?PP

Production budget calculates the number of units of finished goods that must be manufactured and is…

Dolores Varieties produces high-quality bridal gowns. The sales budgets for the first five months of the year are given: January February March April May Jusi cloth Golden lace 15,700 units 16,200 The inventory of finished products at the end of each month is to be equal to 30% of the sales estimate for the next month. This requirement was met on Jan. 1. No work in process is in process at the end of each month Among other materials, each unit of product requires two types of materials which are as follows: 20,400 22,300 24,000 P_ P 3 meters per gown 1 meter can produce 4 gowns The estimated cost of Jusi cloth is P5,000 per meter while one meter of golden lace costs P1,000. Materials equal to one-third of next month's production needs are to be on hand at the end of each month. This requirement was met on Jan. 1. Instructions: For the first quarter, prepare the following: a) Production budget for January, February and March, respectively. b) Purchases budget for each type of material for Jan. and Feb January February Jusi Golden lace P P c) Which raw material would require more cash budget? Why?

Dolores Varieties produces high-quality bridal gowns. The sales budgets for the first five months of the year are given: January February March April May Jusi cloth Golden lace 15,700 units 16,200 The inventory of finished products at the end of each month is to be equal to 30% of the sales estimate for the next month. This requirement was met on Jan. 1. No work in process is in process at the end of each month Among other materials, each unit of product requires two types of materials which are as follows: 20,400 22,300 24,000 P_ P 3 meters per gown 1 meter can produce 4 gowns The estimated cost of Jusi cloth is P5,000 per meter while one meter of golden lace costs P1,000. Materials equal to one-third of next month's production needs are to be on hand at the end of each month. This requirement was met on Jan. 1. Instructions: For the first quarter, prepare the following: a) Production budget for January, February and March, respectively. b) Purchases budget for each type of material for Jan. and Feb January February Jusi Golden lace P P c) Which raw material would require more cash budget? Why?

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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