Please do not give solution in image format thanku 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and forthe quarter in total.Complete this question by entering your answers in the tabs below.Required 1 Required 3Prepare a production budget for Supermix for the months July, August, September, and October.Pearl Products LimitedProduction BudgetJulyBudgeted unit salesTotal needsRequired production in unitsRequired 1 Required 3Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total.Pearl Products LimitedDirect Materials BudgetJuly< Required 1CCSeptemberAugustcoOctoberSeptember Third QuarterRequired 3 >coco Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters(cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company is planning itsraw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales movingsmoothly, the company has the following inventory requirements:a. The finished goods inventory on hand at the end of each month must equal 4,000 units of Supermix plus 25% of the next month'ssales. The finished goods inventory on June 30 is budgeted to be 15,250 units.b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs forraw materials. The raw materials inventory on June 30 is budgeted to be 69,375 cc of solvent H300.c. The company maintains no work in process inventories.A monthly sales budget for Supermix for the third and fourth quarters of the year follows.BudgetedUnit Sales45,00050,00060,00040,00030,00020,000JulyAugustSeptemberOctoberNovemberDecemberRequired:1. Prepare a production budget for Supermix for the months July, August, September, and October.3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and forthe quarter in total.Complete this question by entering your answers in the tabs below.Required 1 Required 3121

Required production of finished goods = Budgeted units sales + Desired ending inventory of finished…

month must equal one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 69,375 cc of solvent H300. c. The company maintains no work in process inventories. A monthly sales budget for Supermix for the third and fourth quarters of the year follows. Budgeted Unit Sales 45,000 50,000 60,000 40,000 30,000 20,000 July August September October November December Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below.

month must equal one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 69,375 cc of solvent H300. c. The company maintains no work in process inventories. A monthly sales budget for Supermix for the third and fourth quarters of the year follows. Budgeted Unit Sales 45,000 50,000 60,000 40,000 30,000 20,000 July August September October November December Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below.

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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