accounting

posted by .

Moreno Industries has adopted the following production budget for the first 4 months of 2013.

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, 2012, the ending raw materials inventory was 9,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next month's production requirements.

Complete the direct materials purchases budget by month for the first quarter.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. math

    what is the dollar value of ending inventory if there were 17,000 units on hand on December 31?
  2. Maths - Linear Programming

    Hey, I'm having trouble formulating this as a linear program. If anyone could help at all it would be much appreciated. Thanks A manufacturer has contracted to produce 2,000 units of a particular product over the next eight months. …
  3. accounting

    Bubba Production Company produces a homogenous product. All materials are added at the beginning of production and other product costs are added evenly over time until the product is complete. Conversion costs were 70% complete with …
  4. Accounting

    A process began the month with 3,000 units in the beginning work in process inventory and ended the month with 2,000 units in the ending work in process. If 12,000 units were completed and transferred out of the process during the …
  5. accounting

    Central States Manufacturing produces a single product: Product 1222. The company has estimated that annual overhead expenses wll be $180,000 and production volume will be 20,000 units using 20,000 hours of labor. Overhead is applied …
  6. accounting

    Prepare a monthly Cash Budget in tabular form for the months of February, March and April; showing the bank balance at each month's end. Company Information and Background The following data is available from the various functional …
  7. Accounting

    Below is budgeted production and sales information for Flushing Company for the month of December: Product XXX Product ZZZ Estimated beginning inventory 30,000 units 18,000 units Desired ending inventory 34,000 units 17,000 units Region …
  8. Accounting

    Please explain I'm so lost Chandler Ltd. estimates sales for the second quarter of 2014 will be as follows. Month Units April 2,550 May 2,475 June 2,390 The target ending inventory of finished products is as follows. March 31 2,000 …
  9. managerial accounting

    Scott Manufacturing Co.’s static budget at 10,000 units of production includes $40,000 for direct labor and $4,000 for electric power. Total fixed costs are $23,000. At 12,000 units of production, a flexible budget would show:
  10. accounting

    Below is budgeted production and sales information for Flushing Company for the month of December: Product XXX Product ZZZ Estimated beginning inventory 32,000 units 20,000 units Desired ending inventory 34,000 units 17,000 units Region …

More Similar Questions