April May June July August 3,500 3,805 4,570 4,125 3,980 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 $2.60 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 end of each month. Direct materials on hand at March 31 totaled 3,653 pounds. Required: 1. Determine budgeted production for April, May, and June 2. Determine budgeted cost of materials purchased for April and May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answers to the nearest whole number.)
April May June July August 3,500 3,805 4,570 4,125 3,980 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 $2.60 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 end of each month. Direct materials on hand at March 31 totaled 3,653 pounds. Required: 1. Determine budgeted production for April, May, and June 2. Determine budgeted cost of materials purchased for April and May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final answers to the nearest whole number.)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints
Section: Chapter Questions
Problem 7E: Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The...
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Question
![Month
April
May
June
July
August
Sales in Units
3,500
3,805
4,570
4,125
3,988
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 $2.60 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 end of each month. Direct materials on hand at March 31 totaled 3,653 pounds.
Required:
1. Determine budgeted production for April, May, and June.
2. Determine budgeted cost of materials purchased for April and May
Complete this question by entering your answers in the tabs below.
Required 11 Required 2
Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final
answers to the nearest whole number.)
May
Budgeted Production (Units)
April
Requi
June
Required 2 >](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F506c3f2a-e371-4ce1-aa8d-cf5301d8204a%2Fc8ad3fec-9342-419d-a435-76f1d3c54b82%2F91bzwvt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Month
April
May
June
July
August
Sales in Units
3,500
3,805
4,570
4,125
3,988
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 $2.60 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 end of each month. Direct materials on hand at March 31 totaled 3,653 pounds.
Required:
1. Determine budgeted production for April, May, and June.
2. Determine budgeted cost of materials purchased for April and May
Complete this question by entering your answers in the tabs below.
Required 11 Required 2
Determine budgeted production for April, May, and June. (Do not round your intermediate calculations and round your final
answers to the nearest whole number.)
May
Budgeted Production (Units)
April
Requi
June
Required 2 >
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