Homework Answers
purchase budget for product AM972 (Raw Material)-
| For AM972 | ||||||||
| Ist quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | 1st quarter next year | Annual | |||
| production requirement (in gallons) | 5520 | 8300 | 9780 | 13260 | 7000 | 36860 | ||
| A | Raw material required for production AM972 150 (in ounces) | 828000 | 1245000 | 1467000 | 1989000 | 1050000 | 5529000 | |
| B | add | Desired closing inventory (0.20*next quarter production needs) | 249000 | 293400 | 397800 | 210000 | 1150200 | |
| Total Requirements (A+B) | 1077000 | 1538400 | 1864800 | 2199000 | 6679200 | |||
| less | Beginning inventory (ist quarter given & closing of last quarter) | 80000 | 249000 | 293400 | 397800 | 1020200 | ||
| purchase requirement | 997000 | 1289400 | 1571400 | 1801200 | 5659000 | |||
| purchase requirement in $ | 149550 | 193410 | 235710 | 270180 | 848850 |
Purchase budget for CA38 -
| For AM972 | ||||||||
| Ist quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | 1st quarter next year | Annual | |||
| production requirement (in gallons) | 5520 | 8300 | 9780 | 13260 | 7000 | 36860 | ||
| A | Raw material required for production AM972 25 (in ounces) | 138000 | 207500 | 244500 | 331500 | 175000 | 921500 | |
| B | add | Desired closing inventory (0.20*next quarter production needs) | 41500 | 48900 | 66300 | 35000 | 191700 | |
| Total Requirements (A+B) | 179500 | 256400 | 310800 | 366500 | 1113200 | |||
| less | Beginning inventory (ist quarter given & closing of last quarter) | 30000 | 41500 | 48900 | 66300 | 186700 | ||
| purchase requirement | 149500 | 214900 | 261900 | 300200 | 926500 | |||
| purchase requirement in $ | 35880 | 51576 | 62856 | 72048 | 222360 |
Consolidate purchase budget
| Total (AM972 & CA38) | ||||||||
| Ist quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | 1st quarter next year | Annual | |||
| production requirement (in gallons) | 5520 | 8300 | 9780 | 13260 | 7000 | 36860 | ||
| A | Raw material required for production AM972 25 (in ounces) | 966000 | 1452500 | 1711500 | 2320500 | 1225000 | 6450500 | |
| B | add | Desired closing inventory (0.20*next quarter production needs) | 290500 | 342300 | 464100 | 245000 | 1341900 | |
| Total Requirements (A+B) | 1256500 | 1794800 | 2175600 | 2565500 | 7792400 | |||
| less | Beginning inventory (ist quarter given & closing of last quarter) | 110000 | 290500 | 342300 | 464100 | 1206900 | ||
| purchase requirement | 1146500 | 1504300 | 1833300 | 2101400 | 6585500 | |||
| purchase requirement in $ | 185430 | 244986 | 298566 | 342228 | 1071210 |
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