User Account

All Pages

Prepare a direct material purchases budget

Assignment Help Accounting Basics
Reference no: EM132555851

Question - Goofy Productions Limited manufactures a toy for children aged 9-12 years old. Each toy requires 3 pounds of raw materials that cost $1.25 per pound. Mr. Pluto the manager of Goofy Productions has provided the following production budget for the toys for the next quarter:

Budgeted production of toys

July 52,000

August 75,000

September 61,000

The company likes to maintain an ending inventory level of 10% of the next month's production needs. The beginning inventory of raw materials is 16,000 pounds and the required ending inventory on September 30 is 19,000 pounds.

Required - Prepare a direct material purchases budget for each month and total for the quarter. At the bottom of your budget show the dollar amount of purchases for each month and the total for the quarter.

Reference no: EM132555851

Questions Cloud

Construct the amortization schedule for the loan : What is the future value of an ordinary annuity who pays $2,000 per year for 5 years at 6 percent? Construct the amortization schedule for this loan
Calculate the percent increase in the mortgage rate : Question - If the current fixed mortgage rate of 3.30% rises to 3.90%, calculate the percent increase in the mortgage rate
The phases of decision making : The Phases of Decision Making states that the first phase is to identify and diagnose the problem and the second phase is to generate alternative solution
Concentrations of sodium chloride in the virtual lab : What two media with high concentrations of sodium chloride in the virtual lab(VUMIE2012)
Prepare a direct material purchases budget : Prepare a direct material purchases budget for each month and total for the quarter. At the bottom of your budget show the dollar amount of purchases
Identify three brands you believe have strongest likelihood : Identify three brands you believe have the strongest likelihood of remaining a source of advantage in the 21st century and explain why.
How is the non-controlling interests share : No dividends are in arrears at the current time. How is the non-controlling interest's share of the subsidiary's income computed
Speed and flexibility are needed in healthcare processes : Speed and flexibility are needed in healthcare processes. Discuss at least three components of time that impact the processes.
Cause project to not meet its scheduled deadline : There are several issues that can cause a project to not meet its scheduled deadline, such as poor planning on the project manager's part

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd