Lock Tight, Inc., produces outside doors for installation on homes. The following information was gathered to prepare budgets for theupcoming year beginning January 1.6,500 doors720 doors680 doors40,000 pounds80,000 pounds6,000 square feet4,000 square feet4 per poundSales forecast in unitsFinished goods inventory, January 1Target finished goods inventory, December 31Raw materials inventory-steel, January 1Target inventory-steel, December 31Raw materials inventory-glass, January 1Target inventory-glass, December 31Budgeted purchase price-steelBudgeted purchase price-glass2 per square footThe manufacture of each door requires 20 pounds of steel and 6 square feet of glass.a. Prepare the production schedule in units for Lock Tight.b. Using the production schedule, develop the direct materials purchase budgets for steel and glass.Complete this question by entering your answers in the tabs below.Required ARequired BUsing the production schedule, develop the direct materials purchase budgets for steel and glass.SteelGlassDirect materials usedIbs.sq.ftTarget ending inventoryIbs.sq.ftDirect materials available for saleO Ibs.0 sq.ftsq.ft0 sq.ftLess: Beginning inventoryIbs.Raw materials to be purchased (units)O Ibs.Budgeted purchase price per unitBudgeted direct materials purchases2$$

Production Schedule For the ended of Six month Doors Sale forecast 6500 Add: Target…

Answered: Lock Tight, Inc., produces outside door…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

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Rosenthal Company manufactures bowling balls through two processes: Molding and Packaging. In the Molding Department, the urethane, rubber, plastics, and other materials are molded into bowling balls. In the Packaging Department, the balls are placed in cartons and sent to the finished goods warehouse. All materials are entered at the beginning of each process. Labor and manufacturing overhead are incurred uniformly throughout each process. Production and cost data for the Molding Department during June 2020 are presented below. Production Data June Beginning work in process units 0 Units started into production 22,000 Ending work in process units 2,000 Percent complete—ending inventory 40 % Cost Data Materials $ 198,000 Labor 53,600 Overhead 112,800 Total $ 364,400 (a) Prepare a schedule showing physical units of production. Physical units Units to be accounted for…
Teton Trails manufactures backpacks for adventurers. The backpacks come in two types: Daytripper, and Excursion. Teton anticipates the following sales volumes: Daytripper: 4,000 backpacks in July, 4,400 backpacks in August Excursion: 2,400 backpacks in July, 1,800 backpacks in August Teton's policy is to maintain ending inventories at 5% of what is expected for the next month. What is the budgeted level of production in July for both styles? Select one: a. 4,420 Daytripper backpacks and 1,770 Excursion backpacks b. 3,980 Daytripper backpacks and 2,430 Excursion backpacks c. 4,000 Daytripper backpacks and 2,400 Excursion backpacks ○ d. None of these options are correct. e. 4,020 Daytripper backpacks and 2,370 Excursion backpacks
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Lock Tight, Inc., produces outside door upcoming vear beginning January 1.