Kingbird Industries has adopted the following production budget for the four quarters of 2022: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units 5.800 7.800 9.100 10.000 Each unit requires 4 kg of raw materials costing S6 per kilogram. On December 31, 2021, the ending raw materials inventory was 1,740 kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the first quarter of 2023 will be 12.200 units. Prepare a direct materials purchases budget by quarters for 2022. KINGBIRD INDUSTRIES Direct Materials Purchases Budget (kg) For the year ending December 31, 2022 Quarter

Kingbird Industries has adopted the following production budget for the four quarters of 2022: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units 5.800 7.800 9.100 10.000 Each unit requires 4 kg of raw materials costing S6 per kilogram. On December 31, 2021, the ending raw materials inventory was 1,740 kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the first quarter of 2023 will be 12.200 units. Prepare a direct materials purchases budget by quarters for 2022. KINGBIRD INDUSTRIES Direct Materials Purchases Budget (kg) For the year ending December 31, 2022 Quarter

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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Variable Costs Total Variable Costs Depreciation Supervision Total Costs Total Fixed Costs Direct Labor Activity Level Direct Materials Fixed Costs Finished Units Overhead
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