Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year20x1. Two units of raw material are required to produce each unit of finished product.Raw materialWork in processFinished goodsRequired:January 148,00015,00097,9001. Required production in units2. Raw material purchases in unsDecember 3151,00015,00052,8881. If Bodin Company plans to sell 466,000 units during the year, compute the number of units the firm would have to manufactureduring the year.2. If 505,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to bepurchased.

Raw materials are the type of inventory of materials or substances that are used in the production…

Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Two units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods 48,000 15,000 97,000 December 11 51,000 15,000 Required: 1. If Bodin Company plans to sell 466,000 units during the year, compute the number of units the firm would have to manufacture during the year. Required production in units Raw material purchases in uns 2. If 505,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.

Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Two units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods 48,000 15,000 97,000 December 11 51,000 15,000 Required: 1. If Bodin Company plans to sell 466,000 units during the year, compute the number of units the firm would have to manufacture during the year. Required production in units Raw material purchases in uns 2. If 505,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.

Principles of Cost Accounting

17th Edition

ISBN:9781305087408

Author:Edward J. Vanderbeck, Maria R. Mitchell

Publisher:Edward J. Vanderbeck, Maria R. Mitchell

Chapter7: The Master Budget And Flexible Budgeting

Section: Chapter Questions

Problem 5E: Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31,...

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