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> Wehner Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plastic costing $0.12 per ounce. Wehner molds the plastic into the proper shape. company has budgeted production of the housings for the next 4 months as follows: September Units 3,500 4,400 October November December 4,800 7,100 Inventory policy requires that sufficient plastic be in ending monthly inventory to satisfy 30% of the following month's production needs. The Inventory of plastic at the beginning of July equals exactly the amount needed to satisfy the inventory policy. Prepare a direct materials purchases budget for September, October, and November, showing purchases in units and in dollars for each month and in total. If required, round the total purchase cost to nearest whole value. Wehner Company Direct Materials Purchases Budget For September, October, and November Line Item Description September October November Total Units to be produced Direct materials per unit (ounces) Production needs Desired ending inventory (ounces) Total needs

> Wehner Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plastic costing $0.12 per ounce. Wehner molds the plastic into the proper shape. company has budgeted production of the housings for the next 4 months as follows: September Units 3,500 4,400 October November December 4,800 7,100 Inventory policy requires that sufficient plastic be in ending monthly inventory to satisfy 30% of the following month's production needs. The Inventory of plastic at the beginning of July equals exactly the amount needed to satisfy the inventory policy. Prepare a direct materials purchases budget for September, October, and November, showing purchases in units and in dollars for each month and in total. If required, round the total purchase cost to nearest whole value. Wehner Company Direct Materials Purchases Budget For September, October, and November Line Item Description September October November Total Units to be produced Direct materials per unit (ounces) Production needs Desired ending inventory (ounces) Total needs

FINANCIAL ACCOUNTING
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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> Wehner Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plastic costing $0.12 per ounce. Wehner molds the plastic into the proper shape. company has budgeted production of the housings for the next 4 months as follows: September Units 3,500 4,400 October November December 4,800 7,100 Inventory policy requires that sufficient plastic be in ending monthly inventory to satisfy 30% of the following month's production needs. The Inventory of plastic at the beginning of July equals exactly the amount needed to satisfy the inventory policy. Prepare a direct materials purchases budget for September, October, and November, showing purchases in units and in dollars for each month and in total. If required, round the total purchase cost to nearest whole value. Wehner Company Direct Materials Purchases Budget For September, October, and November Line Item Description September October November Total Units to be produced Direct materials per unit (ounces) Production needs Desired ending inventory (ounces) Total needs
Transcribed Image Text:> Wehner Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plastic costing $0.12 per ounce. Wehner molds the plastic into the proper shape. company has budgeted production of the housings for the next 4 months as follows: September Units 3,500 4,400 October November December 4,800 7,100 Inventory policy requires that sufficient plastic be in ending monthly inventory to satisfy 30% of the following month's production needs. The Inventory of plastic at the beginning of July equals exactly the amount needed to satisfy the inventory policy. Prepare a direct materials purchases budget for September, October, and November, showing purchases in units and in dollars for each month and in total. If required, round the total purchase cost to nearest whole value. Wehner Company Direct Materials Purchases Budget For September, October, and November Line Item Description September October November Total Units to be produced Direct materials per unit (ounces) Production needs Desired ending inventory (ounces) Total needs
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