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:
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 | 46,000 | $8.55 | 6,600 | $16.80 | |||
| February | 63,000 | $8.55 | 7,700 | $16.80 | |||
| March | 82,000 | $8.55 | 13,500 | $16.80 | |||
| April | 105,000 | $8.55 | 16,500 | $16.80 |
FlashKick requires ending inventory of product to equal 20 percent of the next month’s unit sales. Beginning inventory in January was 9,200 practice soccer balls and 1,320 match soccer balls.
Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. FlashKick’s policy is that 20 percent of the following month’s production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement.
Required:
Question Content Area
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:
| Polyvinyl chloride panels: | January | February |
| Units produced | fill in the blank 8a7470f8d075048_1 | fill in the blank 8a7470f8d075048_2 |
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- Select - | - Select - |
| Direct materials for production | fill in the blank 8a7470f8d075048_6 | fill in the blank 8a7470f8d075048_7 |
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- Select - | - Select - |
| Total needed | fill in the blank 8a7470f8d075048_11 | fill in the blank 8a7470f8d075048_12 |
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- Select - | - Select - |
| Direct materials purchases | fill in the blank 8a7470f8d075048_16 | fill in the blank 8a7470f8d075048_17 |
Question Content Area
Direct materials purchases budget for bladder and valve:
| Bladder and valve: | January | February |
| Units produced | fill in the blank 3918a3f56010018_1 | fill in the blank 3918a3f56010018_2 |
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- Select - | - Select - |
| Direct materials for production | fill in the blank 3918a3f56010018_6 | fill in the blank 3918a3f56010018_7 |
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- Select - | - Select - |
| Total needed | fill in the blank 3918a3f56010018_11 | fill in the blank 3918a3f56010018_12 |
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- Select - | - Select - |
| Direct materials purchases | fill in the blank 3918a3f56010018_16 | fill in the blank 3918a3f56010018_17 |
Question Content Area
Direct materials purchases budget for glue:
| Glue: | January | February |
| Units produced | fill in the blank 88f12dfa7fed06d_1 | fill in the blank 88f12dfa7fed06d_2 |
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- Select - | - Select - |
| Direct materials for production | fill in the blank 88f12dfa7fed06d_6 | fill in the blank 88f12dfa7fed06d_7 |
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- Select - | - Select - |
| Total needed | fill in the blank 88f12dfa7fed06d_11 | fill in the blank 88f12dfa7fed06d_12 |
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- Select - | - Select - |
| Direct materials purchases | fill in the blank 88f12dfa7fed06d_16 | fill in the blank 88f12dfa7fed06d_17 |
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