EThe following sales information was extracted from the books of Brandon Brothers Ltd during 2015. The company produces two products, Antox and Betox.Sakes forecast January- April 2015DetailsJanuaryFebruaryMarchAprilTotalAntox2,0001,8002,2002,5008,500Betox1,5001,7001,9002,2007,300 Notes:The ending stock of finished goods each month is to be held equal to 25% of the forecasted sales for the next month.Raw material stocks at the end of each month are to be held at a level equal to thirty (30%) percent of the sales for that month. Sales for December 31, 2014 were Antox 3,000 units; and Betox 2,600 units.To make one unit of Antox, four (4) units of raw material X12 are used, while five (5) units of raw material Z100 are used to make one unit of Betox.During 2015 the company sold one unit of Antox for $750 and one unit of Betox for $975.Budgeted sales for May 2015 were 2,400 units of Antox and 2,000 units of Betox.One unit of X12 was purchased for $40; while one unit of Z100 was bought for $28.Required The direct raw material purchases budget for January to April 2015

Name: EThe following sales information was extracted from the books of Brand
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Description: EThe following sales information was extracted from the books of Brandon Brothers Ltd during 2015. The company produces two products, Antox and Betox.Sakes forecast January- April 2015DetailsJanuaryFebruaryMarchAprilTotalAntox2,0001,8002,2002,5008,50

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Answered: The direct raw material purchases…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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The following sales information was extracted from the books of Brandon Brothers Ltd during 2015. The company produces two products, Antox and Betox.

Sakes forecast January- April 2015

Details	January	February	March	April	Total
Antox	2,000	1,800	2,200	2,500	8,500
Betox	1,500	1,700	1,900	2,200	7,300

Notes:

The ending stock of finished goods each month is to be held equal to 25% of the forecasted sales for the next month.
Raw material stocks at the end of each month are to be held at a level equal to thirty (30%) percent of the sales for that month. Sales for December 31, 2014 were Antox 3,000 units; and Betox 2,600 units.
To make one unit of Antox, four (4) units of raw material X12 are used, while five (5) units of raw material Z100 are used to make one unit of Betox.
During 2015 the company sold one unit of Antox for $750 and one unit of Betox for $975.
Budgeted sales for May 2015 were 2,400 units of Antox and 2,000 units of Betox.
One unit of X12 was purchased for $40; while one unit of Z100 was bought for $28.

Required

The direct raw material purchases budget for January to April 2015

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