Samano Industries has adopted the following production budget for thefour quarters of 2020:Quarter 1 Quarter 2Quarter 3Quarter 4Units6,3008,1009,10010,100Each unit requires 3 kg of raw materials costing $6 per kilogram. OnDecember 31, 2019, the ending raw materials inventory was 1,900 kg.Management wants to have a raw materials inventory at the beginningof each quarter equal to 30% of the current quarter's productionrequirements. The production budget for the first quarter of 2021 will be12,100 units.Prepare a direct materials purchases budget by quarters for 2020.

Direct Materials Purchases Budget for Samano Industries (2020)Key Information Provided:Units to be…

Answered: Samano Industries has adopted the…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 15E: Palmgren Company produces consumer products. The sales budget for four months of the year is...

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The sales department of Macro Manufacturing Co. has forecast sales for its single product to be 20,000 units for June, with three-quarters of the sales expected in the East region and one-fourth in the West region. The budgeted selling price is 25 per unit. The desired ending inventory on June 30 is 2,000 units, and the expected beginning inventory on June 1 is 3,000 units. Prepare the following: a. A sales budget for June. b. A production budget for June.
Echo Amplifiers prepared the following sales budget for the first quarter of 2018: It also has this additional information related to its expenses: Prepare a sales and administrative expense budget for each month in the quarter ending March 31, 2018.
Samano Industries has adopted the following production budget for the four quarters of 2020: Quarter 1 Quarter 2 Quarter 3 Units 6,300 8,100 9,100 Quarter 4 10,100 Each unit requires 3 kg of raw materials costing $6 per kilogram. On December 31, 2019, the ending raw materials inventory was 1,900 kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the first quarter of 2021 will be 12,100 units.Prepare a direct materials purchases budget by quarters for 2020.2.Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017. Costs and Production Data Raw materials unit cost Raw materials units used Direct labor payroll Actual Standard $2.25 $2.10 10,600 10,000 $ 1,20,960 $ 1,20,000 Direct labor hours Manufacturing overhead Manufacturing overhead applied Machine hours expected to be used at normal capacity Budgeted…
Samano Industries has adopted the following production budget for the four quarters of 2020: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units 6,300 8,100 9,100 10,100 Each unit requires 3 kg of raw materials costing $6 per kilogram. On December 31, 2019, the ending raw materials inventory was 1,900 kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the first quarter of 2021 will be 12,100 units.Prepare a direct materials purchases budget by quarters for 2020.2.Ayala Corporation accumulates the following data relative to jobs started and finished during the month of June 2017 Costs and Production Data Raw materials unit cost Actual Standard $2.25 $2.10 10,600 10,000 Raw materials units used Direct labor payroll $ 1,20,960 $ 1,20,000 Direct labor hours Manufacturing overhead Manufacturing overhead applied Machine hours expected to be used at normal canacity Budgeted…
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DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,430 March 5,130 February 8,210 April 4,470 Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 6,258 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements.Prepare a direct materials purchases budget by month for the first quarter. DEWITT INDUSTRIESDirect Materials Purchases Budgetchoose the accounting period For the Quarter Ending March 31, 2020March 31, 2020For the Month Ending March 31, 2020 January February March select an opening materials purchases budget item Beginning Direct Materials (Pounds)Cost Per PoundDesired…
Kingbird Industries has adopted the following production budget for the four quarters of 2022: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units 5,800 7.800 9.100 10,000 Each unit requires 4 kg of raw materials costing $6 per kilogram. On December 31, 2021, the ending raw materials inventory was 1,740 kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the first quarter of 2023 will be 12.200 units. Prepare a direct materials purchases budget by quarters for 2022. KINGBIRD INDUSTRIES Direct Materials Purchases Budget (kg) For the year ending December 31, 2022 Quarter 3.
Crane Industries has adopted the following production budget for the first 4 months of 2027. Month Units January 10,600 Month Units March 5,300 February 8,480 April 4,240 Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31, 2026, the ending raw materials inventory was 4,240 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. > > > > > CRANE INDUSTRIES Direct Materials Purchases Budget January $ February $ $
Elbert Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $25,100 in the first quarter, and $5,100 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $40,100 in each quarter.Prepare the selling and administrative expense budget by quarters and in total for 2020. ELBERT COMPANYSelling and Administrative Expense Budget For the Year Ending December 31, 2020December 31, 2020For the Quarter Ending December 31, 2020 Quarter 1 2 3 4 Year Direct LaborDirect MaterialsFixed ExpensesProduction UnitsSalesTotal Selling and Administrative ExpensesVariable Expenses $ $ $ $ $ Direct LaborDirect MaterialsFixed ExpensesProduction…
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