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Direct Materials Purchases Budget [LO 2]

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Direct Materials Purchases Budget [LO 2];Roehler Industrial has estimated that production for the next five quarters will be;Production Information;1st Quarter, 2011 45,000 units;2nd Quarter, 2011 41,000 units;3rd Quarter, 2011 49,000 units;4th Quarter, 2011 39,000 units;1st Quarter, 2012 47,000 units;Finished units of production require 10 pounds of raw material per unit. The raw material cost is $6 per pound. There are 81,000 pounds of raw material on hand at the beginning of the first quarter, 2011. Roehler desires to have 18 percent of next quarter?s material requirements on hand at the end of each quarter.;Prepare quarterly direct materials purchases budgets for Roehler Industrial for 2011. (List multiple entries from largest to smallest amounts, e.g. 10, 5, 2. Enter all amounts as positive amounts and subtract where necessary.);Roehler Industrial;Direct Materials Purchases Budget;For the Year Ending December 31, 2011;Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year;Desired ending inventory of raw materialBeginning inventory of raw materialCost of raw material per unitUnits to be produced;Desired ending inventory of raw materialCost of raw material per unitUnits to be producedBeginning inventory of raw material $ $ $ $ $;Cost of raw material needed for production;Add: Desired ending inventory of raw materialUnits to be producedCost of raw material per unitBeginning inventory of raw material;Total material needed;Less: Cost of raw material per unitDesired ending inventory of raw materialBeginning inventory of raw materialUnits to be produced;Required raw material purchases $ $ $ $ $

 

Paper#34778 | Written in 18-Jul-2015

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