Homework Answers
Answer:-
DeWitt Industries
Direct Material Purchase 31st March 2020
| Particular | January | February | March |
| Required Producation of Finished Goods | 10470 | 8260 | 5490 |
| Unit of Raw material per unit finished goods | 5 | 5 | 5 |
| unit of material needed | 52350 | 41300 | 27450 |
| Ending inventory | 8260 | 5490 | 4450 |
| Total Material | 60160 | 46790 | 31900 |
| Direct Material (Starting) | 9270 | 8260 | 5490 |
| Purchase Direct Material | 51340 | 38530 | 26410 |
| Cost per Pound | 2 | 2 | 2 |
| Total Cost of direct Material Purchase | 102680 | 77060 | 52820 |
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DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 5,470 January 10,350 March February 8,230 April 4,210 Each unit requires 4 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 8,280 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...
Exercise 13-5 Pina Industries has adopted the following production budget for the first 4 months of...
Exercise 13-5 Pina Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units 10,470 March January 5,490 February 8,260 April 4,450 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,270 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January February 10,440 March 8,240 April 5,190 4,120 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 6,264 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units March 10,270 5,390 January 8,270 April February 4,290 Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 6,162 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Un...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 10,340 March 5,440 February 8,480 April 4230 Each unit requires 3 pounds of raw materials costing $4 per pound On December 31, 2019, the ending raw materials imventory was 6,204 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...
Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of...
Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units January February Units Month 10,100 March 8,100 April 5,100 4,100 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,100 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...
Exercise 22-05 DeWitt Industries has adopted the following production budget for the first 4 months of...
Exercise 22-05 DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Units Month 10,130 March 5,250 January April February 8,110 4,260 Each unit requires 5 pounds of raw materials costing $4 per pound. On December 31, 2019, the ending raw materials inventory was 10,130 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...
Exercise 22-05 DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...
Exercise 22-05
DeWitt Industries has adopted the following production budget
for the first 4 months of 2020.
Month
Units
Month
Units
January
10,470
March
5,440
February
8,470
April
4,340
Each unit requires 4 pounds of raw materials costing $4 per pound.
On December 31, 2019, the ending raw materials inventory was 8,376
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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,230 March 5,410 February 8,150 April 4,500 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 6,138 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...
FULL SCREEN PRINTER VERSION DeWitt Industries has adopted the following production budget for the first 4...
FULL SCREEN PRINTER VERSION DeWitt Industries has adopted the following production budget for the first 4 months of 2020. January February Units 10,130 8.490 Month March April Units 5,120 4,380 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 10,130 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 5,470 January 10,350 March February 8,230 April 4,210 Each unit requires 4 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 8,280 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...
Exercise 13-5 Pina Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units 10,470 March January 5,490 February 8,260 April 4,450 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,270 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January February 10,440 March 8,240 April 5,190 4,120 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 6,264 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units March 10,270 5,390 January 8,270 April February 4,290 Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 6,162 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 10,340 March 5,440 February 8,480 April 4230 Each unit requires 3 pounds of raw materials costing $4 per pound On December 31, 2019, the ending raw materials imventory was 6,204 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...
Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units January February Units Month 10,100 March 8,100 April 5,100 4,100 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,100 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...
Exercise 22-05 DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Units Month 10,130 March 5,250 January April February 8,110 4,260 Each unit requires 5 pounds of raw materials costing $4 per pound. On December 31, 2019, the ending raw materials inventory was 10,130 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...
Exercise 22-05
DeWitt Industries has adopted the following production budget
for the first 4 months of 2020.
Month
Units
Month
Units
January
10,470
March
5,440
February
8,470
April
4,340
Each unit requires 4 pounds of raw materials costing $4 per pound.
On December 31, 2019, the ending raw materials inventory was 8,376
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...
FULL SCREEN PRINTER VERSION DeWitt Industries has adopted the following production budget for the first 4 months of 2020. January February Units 10,130 8.490 Month March April Units 5,120 4,380 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 10,130 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...
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