Direct Materials Purchases Budget Anticipated sales for Safety Grip Company were 58,000 passenger car tires and 17,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck Rubber 29 Ibs. per unit 68 Ibs. per unit Steel belts 7 Ibs. per unit 18 Ibs. per unit The purchase prices of rubber and steel are $3.10 and $4.10 per pound, respectively. The desired ending inventories of rubber and steel belts are 55,000 and 11,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 64,000 and 9,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Rubber Steel Belts Total Pounds required for production: Passenger tires 1,682,000 V Ibs. 3,944,000 x Ibs. Truck tires 119,000 X 306,000 V Desired inventory, December 31, 20Y9 v 55,000 11,000 V Total pounds available 1,856,000 x Ibs. 4,261,000 X Ibs. Estimated inventory, January 1, 20Y9 64,000 V 9,000 V Total units purchased 1,792,000 X Ibs. 4,252,000 X Ibs. Unit price 3.10 V 4.10 V Total direct materials to be purchased $ 555,200 X 17,433,200 X

Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 700,000 candles for the year. Wax is required to produce a candle. Assume 13 ounces of wax is required for each candle. The estimated January 1 wax inventory is 16,000 pounds. The desired December 31 wax inventory is 14,300 pounds. If candle wax costs $1.20 per pound, determine the direct materials purchases budget for the year. (One pound = 16 ounces.) Round all computed answers to the nearest whole dollar. For those boxes in which you must enter subtracted or negative numbers use a minus sign.   Pasadena Candle Inc. Direct Materials Purchases Budget For the Year Ending December 31 Pounds of wax required for production:     fill in the blank 2   fill in the blank 4 Total units available fill in the blank 5   fill in the blank 7 Total pounds to be purchased fill in the blank 8 Unit price $fill in the blank 9 Total direct materials to be purchased $fill in the blank 10

Direct materials purchases budget Anticipated sales for Safety Grip Company were 62,000 passenger car tires and 19,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car 25 lbs. per unit 58 lbs. per unit 6 lbs. per unit 15 lbs. per unit The purchase prices of rubber and steel are $3.30 and $4.30 per pound, respectively. The desired ending inventories of rubber and steel belts are 58,000 and 13, pounds, respectively. The estimated beginning inventories for rubber and steel belts are 68,000 and 10,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 20Y9. Rubber Steel belts Truck

Direct Materials Purchases Budget Marshall Inc. budgeted production of 42,000 personal journals in 20Y6. Paper is required to produce a journal. Assume 48 square yards of paper are required for each journal. The estimated January 1, 20Y6, paper inventory is 81,000 square yards. The desired December 31, 20Y6, paper inventory is 111,000 square yards. If paper costs $0.1 per square yard, determine the direct materials purchases budget for 20Y6. If required, round your final answer to the nearest dollar.$fill in the blank 1

Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies used in the production of semi-trailer trucks. The wiring harness assemblies are sold to various truck manufacturers around the world. Projected sales in units for the coming five months are given below. January 10,000 February 10,600 March 13,600 April 16,000 May 18,500 The following data pertain to production policies and manufacturing specifications followed by Ponderosa: Finished goods inventory on January 1 is 900 units. The desired ending inventory for each month is 20 percent of the next month’s sales. The data on materials used are as follows: Direct Material Per-Unit Usage Unit Cost Part #K298 2                $4         Part #C30 3                7         Inventory policy dictates that sufficient materials be on hand at the beginning of the month to satisfy 30 percent of the next month’s production needs. This is exactly the amount of material on hand on…

Question Content Area Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each 12-inch diameter plastic disc has the following manufacturing costs: Direct materials $1.80 Direct labor 0.45 Variable overhead 0.75 Fixed overhead 1.85     Total unit cost $4.85 For the coming year, Play-Disc expects to make 300,000 plastic discs, and to sell 286,000 of them. Budgeted beginning inventory in units is 18,000 with unit cost of $4.85. (There are no beginning or ending inventories of work in process.) Required: Question Content Area 1. Calculate the total budgeted cost of units produced for Play-Disc for the coming year. Show the cost of direct materials, direct labor, and overhead. Budgeted direct materials $fill in the blank 7fbb030b9f9906d_1 Budgeted direct labor fill in the blank 7fbb030b9f9906d_2 Budgeted overhead fill in the blank 7fbb030b9f9906d_3 Total budgeted manufacturing cost $fill in the blank 7fbb030b9f9906d_4   Question…

Direct Materials Purchases Budget Pasadena Candle Inc. budgeted production of 740,000 candles for the year. Wax is required to produce a candle. Assume 10 ounces of wax is required for each candle. The estimated January 1 wax inventory is 17,100 pounds. The desired December 31 wax inventory is 14,100 pounds. If candle wax costs $1.40 per pound, determine the direct materials purchases budget for the year. (One pound = 16 ounces.) Round all computed answers to the nearest whole dollar. For those boxes in which you must enter subtracted or negative numbers use a minus sign.   Pasadena Candle Inc. Direct Materials Purchases Budget For the Year Ending December 31 Pounds of wax required for production:   Candles    Desired ending inventory, December 31    Total units available   Estimated beginning inventory, January 1    Total pounds to be purchased   Unit price $ Total direct materials to be purchased $

Production budget Healthy Habits Inc. produces a Bath version and a Gym version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Gym Scale Scale Western Region unit sales 25,700 34,900 27,800 29,200 53,500 64,100 Eastern Region unit sales Total The finished goods inventory estimated for January 1, for the Bath and Gym scale models is 1,400 and 2,500 units, respectively. The desired finished goods inventory for January 31 for the Bath and Gym scale models is 1,000 and 2,700 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended January 31. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Healthy Habits Inc. Production Budget For the Month Ending January 31 Line Item Description Units Bath Scale Units Gym Scale Total units available Total units to be produced