Homework Answers
Requirement 1
Solution
| April | May | June | |
| Budgeted production(units) | 3772 | 4352 | 4355 |
Working
| April | May | June | July | |
| Units to be sold | 3550 | 3920 | 4640 | 4165 |
| Desired Ending Finished Inventory | 2352 | 2784 | 2499 | 2382 |
| Total Units needed | 5902 | 6704 | 7139 | 6547 |
| Less : Beginning Finished Inventory | 2130 | 2352 | 2784 | 2499 |
| Budgeted production(units) | 3772 | 4352 | 4355 | 4048 |
Requirement 2
| April | May | June | ||
| Total budgeted direct materials cost | $ 21,122.40 | $ 22,638.20 | $ 21,847.80 |
Working
| April | May | June | July | |
| Budgeted production (units) | 3772 | 4352 | 4355 | 4048 |
| Materials requirements per unit | 2 | 2 | 2 | 2 |
| Materials needed for production (lbs.) | 7544 | 8704 | 8710 | 8096 |
| Budgeted ending inventory (lbs.) | 4352 | 4355 | 4048 | |
| Total materials requirements (lbs.) | 11896 | 13059 | 12758 | |
| Beginning inventory (lbs.) | 3772 | 4352 | 4355 | |
| Materials to be purchased (lbs.) | 8124 | 8707 | 8403 | |
| Cost per lb. | $ 2.60 | $ 2.60 | $ 2.60 | |
| Total budgeted direct materials cost | $ 21,122.40 | $ 22,638.20 | $ 21,847.80 |
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Croy Inc. has the following projected sales for the next five months: Month April May Sales...
Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,480 3,945 4,510 4,190 3,970 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...
Croy Inc. has the following projected sales for the next five months Month April May June...
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Croy Inc. has the following projected sales for the next five months Month April May June...
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Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,590 3,845 4.580 4,125 3,910 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 $2.60 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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Croy Inc. has the following projected sales for the next five months: Month April May June...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,400 3,905 4,630 4,190 3,980 Croy's finished goods inventory policy is to have 70 percent of the next month's sales on hand at the end of each month. Direct material costs $3.00 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...
Croy Inc. has the following projected sales for the next five months Month April May June...
Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3,520 3,920 4,600 4,130 3,950 Croy's finished goods inventory policy is to have 50 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...
Croy Inc. has the following projected sales for the next five months: Month Sales in Units...
Croy Inc. has the following projected sales for the next five
months:
Month
Sales in Units
April
3,440
May
3,805
June
4,600
July
4,185
August
3,970
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 $3.00 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...
Croy Inc. has the following projected sales for the next five months Month April May Sales...
Croy Inc. has the following projected sales for the next five months Month April May Sales in Units 3,560 3,825 4,630 4, 185 3,900 June July August Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at...
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Croy Inc. has the following projected sales for the next five months. Month April May Sales in Units 3.560 3,825 4,630 June July August 4,185 3.900 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,480 3,945 4,510 4,190 3,970 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...
Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3.490 3.900 4.600 4, 115 3.920 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 $2.90 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...
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...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,590 3,845 4.580 4,125 3,910 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 $2.60 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...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,450 3,915 4,560 4,105 3,920 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct material costs $3.40 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...
Croy Inc. has the following projected sales for the next five months: Month April May June July August Sales in Units 3,400 3,905 4,630 4,190 3,980 Croy's finished goods inventory policy is to have 70 percent of the next month's sales on hand at the end of each month. Direct material costs $3.00 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...
Croy Inc. has the following projected sales for the next five months Month April May June July August Sales in Units 3,520 3,920 4,600 4,130 3,950 Croy's finished goods inventory policy is to have 50 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...
Croy Inc. has the following projected sales for the next five
months:
Month
Sales in Units
April
3,440
May
3,805
June
4,600
July
4,185
August
3,970
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 $3.00 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...
Croy Inc. has the following projected sales for the next five months Month April May Sales in Units 3,560 3,825 4,630 4, 185 3,900 June July August Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at...
Croy Inc. has the following projected sales for the next five months. Month April May Sales in Units 3.560 3,825 4,630 June July August 4,185 3.900 Croy's finished goods inventory policy is to have 50 percent of the next month's sales on hand at the end of each month. Direct materials costs $3.20 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the...
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