Lens & Shades has required production of 21,300 units in January and 19,700 in February. Each lens consists of 2.00 CM of plastic costing $2.50 per CM and 1.70 ounces of dye costing $2.80 per ounce. Desired inventory levels are: Jan.Feb.Mar.Beginning Inventory: Finished Goods (units)3,5003,8004,500DM - Plastic (millimeter)4,1004,5004,600DM - Solution (ounces)10,10011,30012,200 Cost per CMDesired Ending InventoryDM per UnitOunces Needed for ProductionRequired DM OuncesCMs Needed for ProductionUnits to be ProducedTotal Cost of DM PurchaseRequired DM CMsBeginning InventoryCost per OunceTotal DM RequiredUsing the information above, along with the terms above, prepare a direct materials (DM) budget for plastic for the the two months of January and February (use the format shown in the textbook):Lens & ShadesDirect Materials (DM) Budget - PlasticFor the Two Months Ending Feb. 28, 2019 JanuaryFebruary Total DM - Plastic for Two Months Using the information above, along with the terms above, prepare a direct materials (DM) budget for dye for the the two months of January and February (use the format shown in the textbook):Lens & ShadesDirect Materials (DM) Budget - DyeFor the Two Months Ending Feb. 28, 2019 JanuaryFebruary Total DM - Dye for Two Months

Name: Lens & Shades has required production of 21,300 units in January and 1
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Description: Lens & Shades has required production of 21,300 units in January and 19,700 in February. Each lens consists of 2.00 CM of plastic costing $2.50 per CM and 1.70 ounces of dye costing $2.80 per ounce. Desired inventory levels are: Jan.Feb.Mar.Beginning

It has been assumed that no beginning inventory is there in January. Calculation of total number of…

Answered: Lens & Shades has required production…

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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Lens & Shades has required production of 21,300 units in January and 19,700 in February. Each lens consists of 2.00 CM of plastic costing $2.50 per CM and 1.70 ounces of dye costing $2.80 per ounce. Desired inventory levels are:

	Jan.	Feb.	Mar.
Beginning Inventory:
Finished Goods (units)	3,500	3,800	4,500
DM - Plastic (millimeter)	4,100	4,500	4,600
DM - Solution (ounces)	10,100	11,300	12,200

Cost per CM	Desired Ending Inventory	DM per Unit
Ounces Needed for Production	Required DM Ounces	CMs Needed for Production
Units to be Produced	Total Cost of DM Purchase	Required DM CMs
Beginning Inventory	Cost per Ounce	Total DM Required

Using the information above, along with the terms above, prepare a direct materials (DM) budget for plastic for the the two months of January and February (use the format shown in the textbook):

Lens & Shades
Direct Materials (DM) Budget - Plastic
For the Two Months Ending Feb. 28, 2019
	January	February









Total DM - Plastic for Two Months

Using the information above, along with the terms above, prepare a direct materials (DM) budget for dye for the the two months of January and February (use the format shown in the textbook):

Lens & Shades
Direct Materials (DM) Budget - Dye
For the Two Months Ending Feb. 28, 2019
	January	February









Total DM - Dye for Two Months

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