! Required information [The following information applies to the questions displayed below.] Vista Electronics, Inc., manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data. • Sales forecast for 20x0 (all units to be shipped in 20x0): . Product Units Light coil 52,000 Heavy coil 32,000 • Raw-material prices and inventory levels: Expected Inventories, January 1, 20x0 30,000 lb. 27,000 lb. 5,200 units Raw Material Sheet metal Copper wire Platform . • Use of raw material: Raw Material Sheet metal Copper wire Platform • Direct-labor requirements and rates: Product Light coil Heavy coil Hours per Unit 5 7 Product Light coil Heavy coil • Finished-goods inventories (in units): Price $ 220 320 Amount Used per Unit Light Coil Heavy Coil 5 lb. 3 lb. • Production overhead: Light coils Heavy coils Production requirements Total requirements 6 lb. 4 lb. 2 unit Expected Desired January 1, 20x0 December 31, 20x0 17,000 9,500 Overhead Cost Item Purchasing and material handling Depreciation, utilities, and inspection Shipping General production overhead Purchase requirements (units) Desired Inventories, December 31, 20x0 34,000 lb. 30,000 lb. 6,200 units Rate per Hour $ 10 15 22,000 10,500 3. Prepare the raw material purchases budget (in quantities) for 20x0. Raw Material Purchases Budget (in Quantities) for 20x0 Activity-Based Budget Rate $0.80 per pound of sheet metal and copper wire purchased $7.00 per coil produced (either type) $1.00 per coil shipped (either type) $5.00 per direct-labor hour Sheet Metal 0 Raw Material Copper Wire Anticipated Purchase Price $ 14 0 8 4 Platform 0
! Required information [The following information applies to the questions displayed below.] Vista Electronics, Inc., manufactures two different types of coils used in electric motors. In the fall of the current year, Erica Becker, the controller, compiled the following data. • Sales forecast for 20x0 (all units to be shipped in 20x0): . Product Units Light coil 52,000 Heavy coil 32,000 • Raw-material prices and inventory levels: Expected Inventories, January 1, 20x0 30,000 lb. 27,000 lb. 5,200 units Raw Material Sheet metal Copper wire Platform . • Use of raw material: Raw Material Sheet metal Copper wire Platform • Direct-labor requirements and rates: Product Light coil Heavy coil Hours per Unit 5 7 Product Light coil Heavy coil • Finished-goods inventories (in units): Price $ 220 320 Amount Used per Unit Light Coil Heavy Coil 5 lb. 3 lb. • Production overhead: Light coils Heavy coils Production requirements Total requirements 6 lb. 4 lb. 2 unit Expected Desired January 1, 20x0 December 31, 20x0 17,000 9,500 Overhead Cost Item Purchasing and material handling Depreciation, utilities, and inspection Shipping General production overhead Purchase requirements (units) Desired Inventories, December 31, 20x0 34,000 lb. 30,000 lb. 6,200 units Rate per Hour $ 10 15 22,000 10,500 3. Prepare the raw material purchases budget (in quantities) for 20x0. Raw Material Purchases Budget (in Quantities) for 20x0 Activity-Based Budget Rate $0.80 per pound of sheet metal and copper wire purchased $7.00 per coil produced (either type) $1.00 per coil shipped (either type) $5.00 per direct-labor hour Sheet Metal 0 Raw Material Copper Wire Anticipated Purchase Price $ 14 0 8 4 Platform 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Denger
![!
Required information
[The following information applies to the questions displayed below.]
Vista Electronics, Inc., manufactures two different types of coils used in electric motors. In the fall of the current year, Erica
Becker, the controller, compiled the following data.
• Sales forecast for 20x0 (all units to be shipped in 20x0):
Product
Units
Price
Light coil 52,000 $ 220
Heavy coil 32,000
320
• Raw-material prices and inventory levels:
Expected Inventories,
January 1, 20x0
Raw Material
Sheet metal
Copper wire
Platform
• Use of raw material:
Raw Material
Sheet metal
Copper wire
Platform
Product
Light coil
Heavy coil
• Direct-labor requirements and rates:
Product
Light coil
Heavy coil
Hours per Unit
5
7
• Finished-goods inventories (in units):
30,000 lb.
27,000 lb.
5,200 units
Amount Used per Unit
Heavy Coil
6 lb.
4 lb.
2 unit
Light Coil
5 lb.
3 lb.
• Production overhead:
Light coils
Heavy coils
Production requirements
Total requirements
Expected
Desired
January 1, 20x0 December 31, 20x0
Purchase requirements (units)
17,000
9,500
Overhead Cost Item
Purchasing and material handling
Depreciation, utilities, and inspection
Shipping
General production overhead
Desired Inventories,
December 31, 20x0
34,000 lb.
30,000 lb.
6,200 units
Rate per Hour
$ 10
15
22,000
10,500
3. Prepare the raw material purchases budget (in quantities) for 20x0.
Activity-Based Budget Rate
$0.80 per pound of sheet metal and copper wire purchased
$7.00 per coil produced (either type)
$1.00 per coil shipped (either type)
$5.00 per direct-labor hour
Raw Material Purchases Budget (in Quantities) for 20x0
Sheet Metal
0
Raw Material
Copper Wire
Anticipated
Purchase Price
$ 14
8
4
0
Platform
0](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F6e6cceeb-9ae9-437d-b0c8-71dc538b5f6a%2F64a08267-d3d9-4670-8634-5e1ba9886ccd%2Fqnufsle_processed.jpeg&w=3840&q=75)
Transcribed Image Text:!
Required information
[The following information applies to the questions displayed below.]
Vista Electronics, Inc., manufactures two different types of coils used in electric motors. In the fall of the current year, Erica
Becker, the controller, compiled the following data.
• Sales forecast for 20x0 (all units to be shipped in 20x0):
Product
Units
Price
Light coil 52,000 $ 220
Heavy coil 32,000
320
• Raw-material prices and inventory levels:
Expected Inventories,
January 1, 20x0
Raw Material
Sheet metal
Copper wire
Platform
• Use of raw material:
Raw Material
Sheet metal
Copper wire
Platform
Product
Light coil
Heavy coil
• Direct-labor requirements and rates:
Product
Light coil
Heavy coil
Hours per Unit
5
7
• Finished-goods inventories (in units):
30,000 lb.
27,000 lb.
5,200 units
Amount Used per Unit
Heavy Coil
6 lb.
4 lb.
2 unit
Light Coil
5 lb.
3 lb.
• Production overhead:
Light coils
Heavy coils
Production requirements
Total requirements
Expected
Desired
January 1, 20x0 December 31, 20x0
Purchase requirements (units)
17,000
9,500
Overhead Cost Item
Purchasing and material handling
Depreciation, utilities, and inspection
Shipping
General production overhead
Desired Inventories,
December 31, 20x0
34,000 lb.
30,000 lb.
6,200 units
Rate per Hour
$ 10
15
22,000
10,500
3. Prepare the raw material purchases budget (in quantities) for 20x0.
Activity-Based Budget Rate
$0.80 per pound of sheet metal and copper wire purchased
$7.00 per coil produced (either type)
$1.00 per coil shipped (either type)
$5.00 per direct-labor hour
Raw Material Purchases Budget (in Quantities) for 20x0
Sheet Metal
0
Raw Material
Copper Wire
Anticipated
Purchase Price
$ 14
8
4
0
Platform
0
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