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White Corporation's budget calls for the following sales for next year: Quarter 1 Quarter 2 Quarter 3 Quarter 4 67,700 units 98,800 units 96,500 units 82,000 units Each unit of the product requires 3 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1. Determine the production budget for the second quarter. 2. Determine the materials purchases budget for the second quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the production budget for the second quarter. WHITE CORPORATION Production Budget 2nd Quarter Budgeted sales Desired ending inventory Total units needed Beginning inventory Total units to produce 82,000✔ 3,385 85,385 4,825 X 80,560

White Corporation's budget calls for the following sales for next year: Quarter 1 Quarter 2 Quarter 3 Quarter 4 67,700 units 98,800 units 96,500 units 82,000 units Each unit of the product requires 3 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1. Determine the production budget for the second quarter. 2. Determine the materials purchases budget for the second quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the production budget for the second quarter. WHITE CORPORATION Production Budget 2nd Quarter Budgeted sales Desired ending inventory Total units needed Beginning inventory Total units to produce 82,000✔ 3,385 85,385 4,825 X 80,560

FINANCIAL ACCOUNTING
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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White Corporation's budget calls for the following sales for next year: Quarter 3 Quarter 4 67,700 units 98,800 units Quarter 1 Quarter 2 96,500 units 82,000 units Each unit of the product requires 3 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1. Determine the production budget for the second quarter. 2. Determine the materials purchases budget for the second quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the production budget for the second quarter. WHITE CORPORATION Production Budget 2nd Quarter Budgeted sales Desired ending inventory Total units needed Beginning inventory Total units to produce 82,000 3,385 85,385 4,825 80,560
Transcribed Image Text:White Corporation's budget calls for the following sales for next year: Quarter 3 Quarter 4 67,700 units 98,800 units Quarter 1 Quarter 2 96,500 units 82,000 units Each unit of the product requires 3 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1. Determine the production budget for the second quarter. 2. Determine the materials purchases budget for the second quarter. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the production budget for the second quarter. WHITE CORPORATION Production Budget 2nd Quarter Budgeted sales Desired ending inventory Total units needed Beginning inventory Total units to produce 82,000 3,385 85,385 4,825 80,560
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