 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
Direct Materials Purchase Budget Accounting
The following are sales for the nine month period are as follows:
Sales Forecast Month Estimated sales units Jan 250,000 Feb 255,000 Mar 264000 Apr 290 000 May 315000 Jun 340000 July 365000 Aug 270000 Sep 257000 The estimated selling price per special component is $5 Direct Materials are acquired one month prior to production and are paid the following month of purchase. One special component uses 2 units of direct materials. The company keeps stock of 25% of the next months estimated sales. Balance of direct materials as at 31 Dec 2013 amounts to 140,000 units of direct material at $0.25 per unit. There is no change in the cost direct material. Prepare direct materials purchase budget. Please help! I'm stuck for very long. |
||||
Check out some similar questions!
I am working on a problem that requires me to make a Direct Materials Budget. In the problem it states that there are 3 different raw materials used in each product. I understand how to complete a direct materials budget when only 1 material is presented but am unsure of the format to use when...
Moreno Industries has adopted the following production budget for the first 4 months of 2011. Month Units Month Units January 10,000 March 5,000 February 8,000 April 4,000 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2010, the...
I am looking for a solid understandable example of a Materials Budget. I just really need help with the layout.
Can any one help with this question. I am confused about how the assumed numbers arrived at. So, I cannot complete the problem. One quarter gram of a rare seasoning is required for each bottle of Dipping Oil/ a Very popular product sold through gountlet shops that is produced by The Lucas...
View more questions Search
| Question Tools | Search this Question |
Add your answer here.
|
