We purchase, bottle, and sell perfume in 6 ounce bottles. We have budgeted to sell 9,000 bottles at $65 per bottle during December. There were 860 bottles of perfume ready to sell to customers at the beginning of the month. We had 1,300 ounces of perfume in our direct materials inventory that cost us $7 per ounce last month. Our target ending inventories for finished goods and for direct materials are 120% of our beginning inventories due to seasonal issues. We expect the cost of our direct materials to increase to $8 per ounce for this month. In proper formats, prepare the following budgets for month ended 12/31. Explicitly state all of your units. Round all rates to 2 decimal places. Round all total dollar amounts to 0 decimal places. Use underlines and double-underlines properly. Be neat! Revenue Budget Production Budget a. b. C. getwollat dimana. Direct Materials Usage and Purchases Budgets in $ and in units

We purchase, bottle, and sell perfume in 6 ounce bottles. We have budgeted to sell 9,000 bottles at $65 per bottle during December. There were 860 bottles of perfume ready to sell to customers at the beginning of the month. We had 1,300 ounces of perfume in our direct materials inventory that cost us $7 per ounce last month. Our target ending inventories for finished goods and for direct materials are 120% of our beginning inventories due to seasonal issues. We expect the cost of our direct materials to increase to $8 per ounce for this month. In proper formats, prepare the following budgets for month ended 12/31. Explicitly state all of your units. Round all rates to 2 decimal places. Round all total dollar amounts to 0 decimal places. Use underlines and double-underlines properly. Be neat! Revenue Budget Production Budget a. b. C. getwollat dimana. Direct Materials Usage and Purchases Budgets in $ and in units

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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