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 requires ending inventory of product to equal 20% of the next month's unit sales. Beginning inventory in january was 9,000 practice soccer balls and 1,260 match soccer balls. Every practice ball requires 0.5 square yard of polyvinyl chloride panels, one bladder with valve (to fill air), and 3 ounces of glue. Flashkick's policy is that 20% 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: 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 answer to the nearest cent. a. Direct materials purchases budget - Polyvinyl Chloride b. Direct materials purchases budget - Bladder and Valve c. Direct materials purchases budget - Glue
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 requires ending inventory of product to equal 20% of the next month's unit sales. Beginning inventory in january was 9,000 practice soccer balls and 1,260 match soccer balls.
Every practice ball requires 0.5 square yard of polyvinyl chloride panels, one bladder with valve (to fill air), and 3 ounces of glue. Flashkick's policy is that 20% 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:
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 answer to the nearest cent.
a. Direct materials purchases budget - Polyvinyl Chloride
b. Direct materials purchases budget - Bladder and Valve
c. Direct materials purchases budget - Glue
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