Question

Tucker Company makes chairs. Tucker has the following production budget for January - March. January February...

Tucker Company makes chairs. Tucker has the following production budget for January - March.

January February March
Units Produced 10,464 12,510 8,356

Each chair produced uses 3 board feet of wood. Management wants ending inventory levels of raw materials to equal 20% of the production needs (in wood) for the next month.

How many board feet of wood does Tucker need to purchase in February?

Round your answer to the nearest whole number. Don't round any intermediate calculations.

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Waterway Auto has developed the following production plan for its new auto part. January February March...
Waterway Auto has developed the following production plan for its new auto part. January February March April Budgeted production (units) 11,600 8,600 9,960 14,940 Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 132% of the next month’s production needs, plus an additional 504 pounds. January's beginning inventory requirements equal 132% of the current month's production needs, plus an additional 504 pounds. Prepare the direct materials purchases budget for the first three months of...
Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of the...
Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects the following unit sales: January 41,000 February 38,000 March 50,000 April 51,000 Patrick's policy is to have 21% of next month's sales in ending inventory. On January 1, it is expected that there will be 4,350 drums of solvent on hand. Required: Prepare a production budget for the first quarter of the year. Show the number of drums that should...
Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of the...
Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects the following unit sales: January 41,000 February 38,000 March 50,000 April 51,000 Patrick's policy is to have 21% of next month's sales in ending inventory. On January 1, it is expected that there will be 4,400 drums of solvent on hand. Required: Prepare a production budget for the first quarter of the year. Show the number of drums that should...
January February March Budgeted production (in units) 70,500 ? 82,500 Budgeted raw materials purchases (in pounds)...
January February March Budgeted production (in units) 70,500 ? 82,500 Budgeted raw materials purchases (in pounds) 195,561 159,100 161,300 Three pounds of raw materials are required to produce one unit of product. The company wants raw materials on hand at the end of each month equal to 21% of the following month's production needs. The company is expected to have 44,415 pounds of raw materials on hand on January 1. Budgeted production for February should be: Multiple Choice 45,200 units...
eWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...
eWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,130 March 5,250 February 8,110 April 4,260 Each unit requires 5 pounds of raw materials costing $4 per pound. On December 31, 2019, the ending raw materials inventory was 10,130 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements. Prepare a direct materials purchases budget by...
Ayayai Industries has adopted the following production budget for the first 4 months of 2017. Month...
Ayayai Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units January 10,130 March 5,120 February 8,490 April 4,380 Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,180 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements. Prepare a direct materials purchases budget by...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,230 March 5,410 February 8,150 April 4,500 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 6,138 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements. Prepare a direct materials purchases budget by...
Your answer is partially correct. Try again. Dallas Industries has adopted the following production budget for...
Your answer is partially correct. Try again. Dallas Industries has adopted the following production budget for the first 4 months of 2014. Month Units Month Units January 10,310 March 5,240 February 8,470 April 4,230 Each unit requires 5 pounds of raw materials costing $4 per pound. On December 31, 2013, the ending raw materials inventory was 9,170 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements....
The following are budgeted data: January February March Sales in units 16,900 23,800 19,900 Production in...
The following are budgeted data: January February March Sales in units 16,900 23,800 19,900 Production in units 19,900 20,900 20,000 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:
The following are budgeted data: January February March Sales in units 16,800 23,600 19,800 Production in...
The following are budgeted data: January February March Sales in units 16,800 23,600 19,800 Production in units 19,800 20,800 19,700 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. Purchases of raw materials for February would be budgeted to be:
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT