mart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, Smart Strike expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 47,000 $8.60 6,600 $17.10 February 61,000 $8.60 7,700 $17.10 March 86,000 $8.60 13,500 $17.10 April 105,000 $8.60 17,000 $17.10 Smart Strike requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 9,400 practice soccer balls and 1,320 match soccer balls. Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. Smart Strike's policy is that 20 percent of the following month's production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement. Required: Question Content Area Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent. HINT: Units Produced = Expected Sales + Desired Ending Inventory - Beginning Inventory. Direct materials purchases budget for polyvinyl chloride panels: Smart Strike CompanyDirect Materials Purchases Budget - Polyvinyl Chloride PanelsFor January and February Polyvinyl chloride panels: January February Units produced fill in the blank 772713015063faf_1 fill in the blank 772713015063faf_2 - Select - - Select - Direct materials for production fill in the blank 772713015063faf_6 fill in the blank 772713015063faf_7 - Select - - Select - Total needed fill in the blank 772713015063faf_11 fill in the blank 772713015063faf_12 - Select - - Select - Direct materials purchases fill in the blank 772713015063faf_16 fill in the blank 772713015063faf_17 Question Content Area Direct materials purchases budget for bladder and valve: Smart Strike CompanyDirect Materials Purchases Budget - Bladder and ValveFor January and February Bladder and valve: January February Units produced fill in the blank b248aa047f9207c_1 fill in the blank b248aa047f9207c_2 - Select - - Select - Direct materials for production fill in the blank b248aa047f9207c_6 fill in the blank b248aa047f9207c_7 - Select - - Select - Total needed fill in the blank b248aa047f9207c_11 fill in the blank b248aa047f9207c_12 - Select - - Select - Direct materials purchases fill in the blank b248aa047f9207c_16 fill in the blank b248aa047f9207c_17 Question Content Area Direct materials purchases budget for glue: Smart Strike CompanyDirect Materials Purchases Budget - GlueFor January and February Glue: January February Units produced fill in the blank 5bdadbfe606607e_1 fill in the blank 5bdadbfe606607e_2 - Select - - Select - Direct materials for production fill in the blank 5bdadbfe606607e_6 fill in the blank 5bdadbfe606607e_7 - Select - - Select - Total needed fill in the blank 5bdadbfe606607e_11 fill in the blank 5bdadbfe606607e_12 - Select - - Select - Direct materials purchases fill in the blank 5bdadbfe606607e_16 fill in the blank 5bdadbfe606607e_17 Check My Work
mart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, Smart Strike expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 47,000 $8.60 6,600 $17.10 February 61,000 $8.60 7,700 $17.10 March 86,000 $8.60 13,500 $17.10 April 105,000 $8.60 17,000 $17.10 Smart Strike requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 9,400 practice soccer balls and 1,320 match soccer balls. Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. Smart Strike's policy is that 20 percent of the following month's production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement. Required: Question Content Area Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent. HINT: Units Produced = Expected Sales + Desired Ending Inventory - Beginning Inventory. Direct materials purchases budget for polyvinyl chloride panels: Smart Strike CompanyDirect Materials Purchases Budget - Polyvinyl Chloride PanelsFor January and February Polyvinyl chloride panels: January February Units produced fill in the blank 772713015063faf_1 fill in the blank 772713015063faf_2 - Select - - Select - Direct materials for production fill in the blank 772713015063faf_6 fill in the blank 772713015063faf_7 - Select - - Select - Total needed fill in the blank 772713015063faf_11 fill in the blank 772713015063faf_12 - Select - - Select - Direct materials purchases fill in the blank 772713015063faf_16 fill in the blank 772713015063faf_17 Question Content Area Direct materials purchases budget for bladder and valve: Smart Strike CompanyDirect Materials Purchases Budget - Bladder and ValveFor January and February Bladder and valve: January February Units produced fill in the blank b248aa047f9207c_1 fill in the blank b248aa047f9207c_2 - Select - - Select - Direct materials for production fill in the blank b248aa047f9207c_6 fill in the blank b248aa047f9207c_7 - Select - - Select - Total needed fill in the blank b248aa047f9207c_11 fill in the blank b248aa047f9207c_12 - Select - - Select - Direct materials purchases fill in the blank b248aa047f9207c_16 fill in the blank b248aa047f9207c_17 Question Content Area Direct materials purchases budget for glue: Smart Strike CompanyDirect Materials Purchases Budget - GlueFor January and February Glue: January February Units produced fill in the blank 5bdadbfe606607e_1 fill in the blank 5bdadbfe606607e_2 - Select - - Select - Direct materials for production fill in the blank 5bdadbfe606607e_6 fill in the blank 5bdadbfe606607e_7 - Select - - Select - Total needed fill in the blank 5bdadbfe606607e_11 fill in the blank 5bdadbfe606607e_12 - Select - - Select - Direct materials purchases fill in the blank 5bdadbfe606607e_16 fill in the blank 5bdadbfe606607e_17 Check My Work
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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mart Strike Company manufactures and sells soccer balls for teams of children in elementary and high school. Smart Strike's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high-performance soccer balls used in games). In the first four months of next year, Smart Strike expects to sell the following:
Practice Balls Match Balls Units Selling Price Units Selling Price January 47,000 $8.60 6,600 $17.10 February 61,000 $8.60 7,700 $17.10 March 86,000 $8.60 13,500 $17.10 April 105,000 $8.60 17,000 $17.10 Smart Strike requires ending inventory of product to equal 20 percent of the next month's unit sales. Beginning inventory in January was 9,400 practice soccer balls and 1,320 match soccer balls.
Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. Smart Strike's policy is that 20 percent of the following month's production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement.
Required:
Question Content Area
Smart Strike CompanyDirect Materials Purchases Budget - Polyvinyl Chloride PanelsFor January and FebruaryConstruct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent.
HINT: Units Produced = Expected Sales + Desired Ending Inventory - Beginning Inventory.Direct materials purchases budget for polyvinyl chloride panels:
Polyvinyl chloride panels: January February Units produced fill in the blank 772713015063faf_1 fill in the blank 772713015063faf_2 - Select - - Select - Direct materials for production fill in the blank 772713015063faf_6 fill in the blank 772713015063faf_7 - Select - - Select - Total needed fill in the blank 772713015063faf_11 fill in the blank 772713015063faf_12 - Select - - Select - Direct materials purchases fill in the blank 772713015063faf_16 fill in the blank 772713015063faf_17 Question Content Area
Smart Strike CompanyDirect Materials Purchases Budget - Bladder and ValveFor January and FebruaryDirect materials purchases budget for bladder and valve:
Bladder and valve: January February Units produced fill in the blank b248aa047f9207c_1 fill in the blank b248aa047f9207c_2 - Select - - Select - Direct materials for production fill in the blank b248aa047f9207c_6 fill in the blank b248aa047f9207c_7 - Select - - Select - Total needed fill in the blank b248aa047f9207c_11 fill in the blank b248aa047f9207c_12 - Select - - Select - Direct materials purchases fill in the blank b248aa047f9207c_16 fill in the blank b248aa047f9207c_17 Question Content Area
Smart Strike CompanyDirect Materials Purchases Budget - GlueFor January and FebruaryDirect materials purchases budget for glue:
Glue: January February Units produced fill in the blank 5bdadbfe606607e_1 fill in the blank 5bdadbfe606607e_2 - Select - - Select - Direct materials for production fill in the blank 5bdadbfe606607e_6 fill in the blank 5bdadbfe606607e_7 - Select - - Select - Total needed fill in the blank 5bdadbfe606607e_11 fill in the blank 5bdadbfe606607e_12 - Select - - Select - Direct materials purchases fill in the blank 5bdadbfe606607e_16 fill in the blank 5bdadbfe606607e_17
Check My Work
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