nformation concerning sales and production for ABC Co. for November 2019 are summarized as pllows: . Estimated Sales: roduct X: 80,000 units at $60, per unit roduct Y: 40,000 units at $130 per unit . Estimated inventories, November 1, 2019 Material A: 8,000 Ibs Product X: 6,000 units at $34 per unit $204,000 Material B: 7,000 Ibs Product Y: 5,400 units at $70 per unit 378,000 Total $582,000 . Desired inventories at November 30,2019 Material A: 6,000 Ibs Material B: 5,000 Ibs Product X: 5,000 units at $34 per unit $170,000 Product Y: 4,000 units at $70 per unit 280,000 Total $450,000
nformation concerning sales and production for ABC Co. for November 2019 are summarized as pllows: . Estimated Sales: roduct X: 80,000 units at $60, per unit roduct Y: 40,000 units at $130 per unit . Estimated inventories, November 1, 2019 Material A: 8,000 Ibs Product X: 6,000 units at $34 per unit $204,000 Material B: 7,000 Ibs Product Y: 5,400 units at $70 per unit 378,000 Total $582,000 . Desired inventories at November 30,2019 Material A: 6,000 Ibs Material B: 5,000 Ibs Product X: 5,000 units at $34 per unit $170,000 Product Y: 4,000 units at $70 per unit 280,000 Total $450,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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pls send the procedures too
Transcribed Image Text:Information concerning sales and production for ABC Co. for November 2019 are summarized as
follows:
A. Estimated Sales:
Product X: 80,000 units at $60, per unit
Product Y: 40,000 units at $130 per unit
B. Estimated inventories, November 1, 2019
Material A: 8,000 Ibs
Product X: 6,000 units at $34 per unit
$204,000
Material B: 7,000 Ibs
Product Y: 5,400 units at $70 per unit
378,000
Total
$582,000
C. Desired inventories at November 30,2019
Material A: 6,000 Ibs
Product X: 5,000 units at $34 per unit
$170,000
Material B: 5,000 Ibs
Product Y: 4,000 units at $70 per unit
280,000
Total
$450,000
D. Direct materials used in production
Product X
Product Y
Material A
1.4 Ibs per unit
7.0 Ibs per unit
Material B
2.4 Ibs per unit
3.6 Ibs per unit
E. Unit costs for direct materials
Material A: $ 8.0 per Ib
Material B: $ 4.0 per Ib
F. Direct labor requirements
Department 1
Department 2
Product X
0.8 hr per unit
0.30 hr per unit
Product Y
1.2 hr per unit
0.50 hr per unit
G. Direct Labor Rate
Department 1
Department 2
$24.00/hr
$32.00/hr
What to do:
1. Prepare a sales budget for November
2. Prepare a production budget for November
3. Prepare a direct materials purchases budget for November
4. Prepare a direct labor cost budget for November
GOOD LUCK!
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