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Production and purchases budgets

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Production and purchases budgets;Caleb Corp. has prepared the following unit sales forecast for 2014;Estimated ending Finished Goods Inventories are 50,000 units at December 31, 2013, 72,000 units at June 30, 2014, and 120,000 units at December 31, 2014.;In manufacturing a unit of this product, Caleb Corp. uses 3 pounds of Material A and 0.75 gallons of Material B. Materials A and B cost, respectively, $2.50 per pound and $1.80 per gallon.;The company carries no Work in Process Inventory. Ending inventories of direct material are projected as follows;Prepare a production and purchases budget for each semiannual period of 2014.;Hide;Production Budget - 2014;Caleb Corp.;Production Budget;For the Year 2014;January-June;July-December;Total;Sales budget;Ending inventory;Beginning inventory;Production;Hide;Material A Purchases Budget - 2014;Caleb Corp.;Material A Purchases Budget;For the Year 2014;January-June;July-December;Total;Production;Number of pounds;Production budget;Ending inventory;Beginning inventory;Purchases;Times cost per pound;$;$;$;Total cost;$;$;$;Hide;Material B Purchases Budget - 2014;Caleb Corp.;Material B Purchases Budget;For the Year 2014;January-June;July-December;Total;Production;Number of gallons;Production budget;Ending inventory;Beginning inventory;Purchases;Times cost per gallon;$;$;$;Total cost;$;$;$

 

Paper#20823 | Written in 18-Jul-2015

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