Reference no: EM132986877
Beca Industrial has estimated that production for the next five quarters will be:
Production Information
1st quarter, 2020 56,700 units
2nd quarter, 2020 51,200 units
3rd quarter, 2020 62,200 units
4th quarter, 2020 48,800 units
1st quarter, 2021 58,300 units
Finished units of production require 6 pounds of raw material per unit. The raw material cost is $ 7 per pound. There is $ 357,210 of raw material on hand at the beginning of the first quarter, 2020. Beca desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter.
Problem 1: Prepare quarterly direct materials purchases budgets for Beca Industrial for 2020.
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