ect Materials Purchases Budget icipated sales for Safety Grip Company were 42,000 passenger car tires and 19,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck 35 lbs. per unit 78 lbs. per unit 5 lbs. per unit 8 lbs. per unit purchase prices of rubber and steel are $1.20 and $0.80 per pound, respectively. The desired ending inventories f rubber and steel belts are 40,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and s ts are 46,000 and 8,000 pounds, respectively. bber eel belts pare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2019. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber ounds required for production: Passenger tires Truck tires stal pounds available stal units purchased mit price tal direct materials to be purchased x S lbs. lbs. lbs. 1 Steel Belts x$ $ lbs. lbs. lbs. Total

ect Materials Purchases Budget icipated sales for Safety Grip Company were 42,000 passenger car tires and 19,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck 35 lbs. per unit 78 lbs. per unit 5 lbs. per unit 8 lbs. per unit purchase prices of rubber and steel are $1.20 and $0.80 per pound, respectively. The desired ending inventories f rubber and steel belts are 40,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and s ts are 46,000 and 8,000 pounds, respectively. bber eel belts pare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2019. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber ounds required for production: Passenger tires Truck tires stal pounds available stal units purchased mit price tal direct materials to be purchased x S lbs. lbs. lbs. 1 Steel Belts x$ $ lbs. lbs. lbs. Total

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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