Breadmaster produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $2.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: E (Click the icon to view the units to be produced ) The bakery has a policy that it will have 20% of the following month's flour needs on hand at the end of each month. At the end of June, there were 154 pounds of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter. Begin the direct materials budget by determining the total quantity needed, then complete the budget. (Enter the pounds per unit as a decimal to two places. Round your calculations to the nearest whole number.) Breadmaster Direct Materials Budget For the Months of July through September Data Table July August September Quarter Units to be produced July. 1,540 loaves Multiply by: Pounds of flour needed per unit August 1,820 loaves Quantity needed (Ibs) for production September . 1,660 loaves Plus: Desired ending inventory of direct materials October. 1.460 loaves Total quantity (Ibs) needed Print Done

Breadmaster produces organic bread that is sold by the loaf. Each loaf requires 1/2 of a pound of flour. The bakery pays $2.00 per pound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months: E (Click the icon to view the units to be produced ) The bakery has a policy that it will have 20% of the following month's flour needs on hand at the end of each month. At the end of June, there were 154 pounds of flour on hand. Prepare the direct materials budget for the third quarter, with a column for each month and for the quarter. Begin the direct materials budget by determining the total quantity needed, then complete the budget. (Enter the pounds per unit as a decimal to two places. Round your calculations to the nearest whole number.) Breadmaster Direct Materials Budget For the Months of July through September Data Table July August September Quarter Units to be produced July. 1,540 loaves Multiply by: Pounds of flour needed per unit August 1,820 loaves Quantity needed (Ibs) for production September . 1,660 loaves Plus: Desired ending inventory of direct materials October. 1.460 loaves Total quantity (Ibs) needed Print Done

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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