geNOWv2 |Onlin X + X w.com/ilrn/takeAssignment/takeAssignment Main.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inprogre еВook Calculator Print Item Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 54,000 passenger car tires and 16,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Truck Passenger Car 35 lbs. per unit Rubber 82 lbs. per unit 3 lbs. per unit Steel belts 8 lbs. per unit The purchase prices of rubber and steel are $3.00 and $3.90 per pound, respectively. The desired ending inventories of rubber and steel belts are 51,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 59,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9 Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber Steel Belts Total Pounds required for production: Ibs. Ibs. Passenger tires 7:09 PM 11/17/2019 hp fioll f5 ins prt sc f11 12 delete end home pg dn dn 6d % & 7 num 9 backspace lock Y U T 7 P home pg up 6 G J K 4 enter 0Of H CengageNOWv2 IOnlin X engagenow.comfilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogres heat Prepare a uirect materais purciases buaget or Salety Gip Company Tor rne year ended December 31, ZUY9. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber Steel Belts Total POunds required for production: Passenger tires Ibs. Ibs. Truck tires Total pounds available Ibs. Ibs. Total units purchased lbs. Ibs. x $ x $ Unit price Total direct materials to be purchased Next Previous Check My Work 6 more Check My Work uses remaining. 7:09 PM 11/17/2019 hp ins prt sc end pg dn 12 home pg up 11 f1o delete f6 f5 + & % 5 num backspace lock 7 6 7 [ P U T home dn 6d enter L K J H G T 0O S Quginige 00

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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Related questions
Question

What are the answer to these ? 
Passenger tires ? 
truck tires ? 

geNOWv2 |Onlin X
+
X
w.com/ilrn/takeAssignment/takeAssignment Main.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inprogre
еВook
Calculator
Print Item
Direct Materials Purchases Budget
Anticipated sales for Safety Grip Company were 54,000 passenger car tires and 16,000 truck tires. Rubber and steel belts are
used in producing passenger car and truck tires as follows:
Truck
Passenger Car
35 lbs. per unit
Rubber
82 lbs. per unit
3 lbs. per unit
Steel belts
8 lbs. per unit
The purchase prices of rubber and steel are $3.00 and $3.90 per pound, respectively. The desired ending inventories of rubber
and steel belts are 51,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are
59,000 and 8,000 pounds, respectively.
Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9
Safety Grip Company
Direct Materials Purchases Budget
For the Year Ending December 31, 20Y9
Rubber
Steel Belts
Total
Pounds required for production:
Ibs.
Ibs.
Passenger tires
7:09 PM
11/17/2019
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prt sc
f11
12
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pg dn
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7
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9
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0Of
H
Transcribed Image Text:geNOWv2 |Onlin X + X w.com/ilrn/takeAssignment/takeAssignment Main.do?invoker=assignments&takeAssignmentSessionLocator=assignment-take&inprogre еВook Calculator Print Item Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 54,000 passenger car tires and 16,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Truck Passenger Car 35 lbs. per unit Rubber 82 lbs. per unit 3 lbs. per unit Steel belts 8 lbs. per unit The purchase prices of rubber and steel are $3.00 and $3.90 per pound, respectively. The desired ending inventories of rubber and steel belts are 51,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 59,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9 Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber Steel Belts Total Pounds required for production: Ibs. Ibs. Passenger tires 7:09 PM 11/17/2019 hp fioll f5 ins prt sc f11 12 delete end home pg dn dn 6d % & 7 num 9 backspace lock Y U T 7 P home pg up 6 G J K 4 enter 0Of H
CengageNOWv2 IOnlin X
engagenow.comfilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogres
heat
Prepare a uirect materais purciases buaget or Salety Gip Company Tor rne year ended December 31,
ZUY9.
Safety Grip Company
Direct Materials Purchases Budget
For the Year Ending December 31, 20Y9
Rubber
Steel Belts
Total
POunds required for production:
Passenger tires
Ibs.
Ibs.
Truck tires
Total pounds available
Ibs.
Ibs.
Total units purchased
lbs.
Ibs.
x $
x $
Unit price
Total direct materials to be purchased
Next
Previous
Check My Work 6 more Check My Work uses remaining.
7:09 PM
11/17/2019
hp
ins
prt sc
end
pg dn
12
home
pg up
11
f1o
delete
f6
f5
+
&
%
5
num
backspace
lock
7
6
7
[
P
U
T
home
dn 6d
enter
L
K
J
H
G
T
0O
S
Quginige
00
Transcribed Image Text:CengageNOWv2 IOnlin X engagenow.comfilm/takeAssignment/takeAssignmentMain.do?invoker-assignments&takeAssignmentSessionLocator-assignment-take&inprogres heat Prepare a uirect materais purciases buaget or Salety Gip Company Tor rne year ended December 31, ZUY9. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber Steel Belts Total POunds required for production: Passenger tires Ibs. Ibs. Truck tires Total pounds available Ibs. Ibs. Total units purchased lbs. Ibs. x $ x $ Unit price Total direct materials to be purchased Next Previous Check My Work 6 more Check My Work uses remaining. 7:09 PM 11/17/2019 hp ins prt sc end pg dn 12 home pg up 11 f1o delete f6 f5 + & % 5 num backspace lock 7 6 7 [ P U T home dn 6d enter L K J H G T 0O S Quginige 00
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