Prepare the material purchase budget

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Reference no: EM132756825

Question - ABC Corp has following data for preparing the materials purchase budget

Q1 Required Production in units 2,886.00

Q2 Required Production in units 2,516.00

Q3 Required Production in units 2,294.00

Q4 Required Production in units 2,701.00

1st Quarter Beg raw materials inventory in kg 1154.40

1st Quarter Beg Accounts Payable $5,483.40

Each unit materials weight in kg 0.74

Each kg costs $1.48

Desired Inventory is 7.4% of next quarter purchase

Desired ending inventory for 4th quarter is 1161.80 kg.

75% Current quarter purchase paid in current quarter

25% Current quarter purchase paid in next quarter

Required - Please prepare the material purchase budget.

Reference no: EM132756825

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