Homework Answers
Answer-
| PARK COMPANY | |
| Materials Purchases Budget | |
| For the month ending April 30 | |
| Particulars | April |
| Budgeted production in units (a) | 26000 |
| Pounds of Raw material required per unit (b) | 5 pound |
| Raw material required for production pounds (c=a*b) | 130000 |
| Add:- Desired ending inventory (pounds) | (46000 units*5 pound)*10% =23000 |
| 10% of next month production needs | |
| Less:= Opening inventory (pounds) | 13000 |
| Budgeted Raw material purchase (pounds) (d) | 140000 |
| Raw material cost per pound (e) | $0.60 per pound |
| Materials purchases costs (f=d*e) | $84000 |
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oblem 4 he budget components for Park Company for the quarter ended June 30 appear below....
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June 30. Last year's sales for the corresponding period were:
A. The company expects this year's sales to increase by 25%. The
selling price is $13 per unit. Prepare a Sales
Budget.
B. The company desires to have finished inventory on hand at the
end of each month equal to 30 percent of the following month's
budgeted unit sales. On March 31, there were 3,000 units on hand.
Prepare a...
Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3.850 3.875 4.260 4,135 3.590 Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct material costs $3.10 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
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