Question

Bridgette Widget Wonderworld has developed inventory budget in units: Direct Material Work in process Finished Goods...

Bridgette Widget Wonderworld has developed inventory budget in units:

Direct Material

Work in process

Finished Goods

April 1 April 30
Direct Material 40,000 50,000
Work in process 10,000 20,000
Finished goods 80,000 50,000

Three unit of direct material are needed to produce each unit of finished product. IF 350,000 complete units were to be produced in April. how many units of direct material

should be purchased?

Homework Answers

Answer #1
Direct Materials Budget
Production 350,000
Direct materials per unit 3
Direct materials needed for production 1,050,000
Ending inventory of direct materials 50,000
Total direct materials needed 1,100,000
Beginning inventory of direct materials -40,000
Direct materials purchases 1,060,000

Direct materials purchases for the month of April = 1,060,000 units

Kindly give a positive rating if you are satisfied with this solution and please ask if you have any query.

Thanks

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Production in units 100,000 Sales in units ? Ending finished goods Inventory in units ? Sales...
Production in units 100,000 Sales in units ? Ending finished goods Inventory in units ? Sales in Rupees Rs 2,000,000 Costs : Other selling and administrative expenses Rs 40,000 Other factory overhead costs Rs 22,000 Selling and administrative salaries Rs 240,000 Maintenance Factory Rs 50,000 Utilities factory Rs 60,000 Building Rent (Production Uses 80% of the Space; administrative and sales offices use the rest) Rs 100,000 Royalty paid for use of Production patent, Rs 0.5 per unit produced) ? Rent...
1. A company had beginning inventories as follows: Direct Materials, $300; Work-in-Process, $500; Finished Goods, $700....
1. A company had beginning inventories as follows: Direct Materials, $300; Work-in-Process, $500; Finished Goods, $700. It had ending inventories as follows: Direct Materials, $400; Work-in-Process, $600; Finished Goods, $800. Material Purchases (net including freight) were $1,400, Direct Labor $1,500, and Manufacturing Overhead $1,600. What is the Cost of Goods Sold for the period? $4,100. $4,200. $4,300. $4,400. 2. The journal entry to record the completion of a job in a job costing system is: A. Finished Goods Inventory xxx...
Relish Company expects to sell 24,000 units of finished goods over the next six months. The...
Relish Company expects to sell 24,000 units of finished goods over the next six months. The company has 10,000 units in opening inventory, and management wishes to have 14,000 units in ending inventory at the end of the six month period. To produce one unit of finished product, two units of direct materials are needed. Relish has 100,000 units in opening inventory, and is budgeting for an ending inventory of 110,000 units at the end of the six month period....
Fall Fun Inc. uses process costing. Beginning work in process inventory consisted of $40,000 in direct...
Fall Fun Inc. uses process costing. Beginning work in process inventory consisted of $40,000 in direct materials and $80,000 in conversion costs. There were $50,000 of direct materials and $100,000 of conversion costs added this period. Equivalent units for the period were: Direct Materials Conversion Units Completed 130,000 130,000 Units in Ending Work in Process 20,000 70,000 Total Equivalent Units 150,000 200,000 Calculate (and show all work on scrap paper): DO NOT ROUND YOUR ANSWERS Cost per equivalent unit for...
Neven expects to have 20,000 units of finished goods inventory on hand on March 31 and...
Neven expects to have 20,000 units of finished goods inventory on hand on March 31 and reports the following expected sales (in units) for the months of April through July: April 120,000 May 140,000 June 150,000 July 120,000 At the end of each month Neven targets ending finished goods inventory to be 20% of the next month’s projected sales (in units). Calculate budgeted production (in units) for May. Each unit requires four (4) pounds of direct materials. The ending inventory...
A company’s master budget indicated that 50,000 units of finished goods should be produced using 25,000...
A company’s master budget indicated that 50,000 units of finished goods should be produced using 25,000 feet of materials at $4 per foot. The company actually produced 48,000 units of finished goods, purchased 27,000 feet of materials at $4.25 per foot, and used 25,000 feet of materials in production. The direct material efficiency variance is A.$6,000 unfavorable. B.$8,000 unfavorable. C.$4,000 unfavorable. D.$0.
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All...
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were...
Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process,...
Sleep Tight manufactures comforters. The estimated inventories on January 1 for finished goods, work in process, and materials were $37,000, $31,000, and $29,000, respectively. The desired inventories on December 31 for finished goods, work in process, and materials were $44,000, $36,000, and $20,000, respectively. Direct material purchases were $560,000, direct labor was $201,000 for the year, and factory overhead was $149,000. Required: Prepare a cost of goods sold budget for Sleep Tight, Inc. Refer to the lists of Labels and...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Inventory Ending Inventory Finished goods (units) 20,000 70,000 Raw material (grams) 50,000 40,000 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 550,000 units during the year. How much of the raw material should the company purchase during the year?
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All...
Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 40% complete with respect to conversion. For the month of March the following costs were...