3.  Calculate the ending inventory of drums for December of the p

3.  Calculate the ending inventory of drums for December of the prior year, and for January and February. Round your answers to the nearest whole drum. Ending inventory for December:   _________________   drums Ending inventory for January:   _________________   drums Ending inventory for February:   _________________   drums 4. Prepare a direct materials purchases budget for drums for the months of January and February. Round Drums per unit to one decimal place. Round Price per drum to the nearest cent. Round Dollar purchases to the nearest dollar. Round all the other values to the nearest whole unit. Do not include a multiplication symbol as part of your answer.   Patrick Inc. Direct Materials Purchases Budget – Drums For the Months of January and February     January   February Production in units         Drums per unit         Drums for production         Desired ending inventory         Needed         Less: Beginning inventory         Direct materials to be purchased         Price per drum   $    $  Dollar purchases   $    $    4.   eBookeBookeBookeBookeBookeBookeBookeBookeBook VideoVideoVideoVideoVideoVideoVideoVideoVideo Cornerstone Exercise 9-24 (Algorithmic) Preparing a Direct Labor Budget Patrick Inc. makes industrial solvents. Planned production in units for the first three months of the coming year is: January   40,000     February   55,000     March   60,000     Each drum of industrial solvent takes 0.3 direct labor hours. The average wage is $17.10 per hour. Prepare a direct labor budget for the months of January, February, and March, as well as the total for the first quarter. Do not include a multiplication symbol as part of your answer.   Patrick Inc. Direct Labor Budget For the Coming First Quarter Direct Labor Budget:   January   February   March   Total Units to be produced                 Direct labor hrs per unit                 Total direct labor hrs                 Wage rate   $    $    $    $  Direct labor cost   $    $    $    $    5.   eBookeBookeBookeBookeBookeBookeBookeBookeBook Exercise 9-35 Production Budget Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. Projected sales (number of speakers) for the coming five quarters are as follows:   The vice president of sales believes that the projected sales are realistic and can be achieved by the company. Stillwater Designs needs a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia). Beginning inventory of S12L7 for the first quarter of 2012 was 340 boxes. The company’s policy is to have 20 percent of the next quarter’s sales of S12L7 in ending inventory. Beginning inventory of S12L5 was 170 boxes. The company’s policy is to have 30 percent of the next quarter’s sales of S12L5 in ending inventory. Prepare a production budget for S12L7 for each quarter for 2012 and for the year in total.   Stillwater Designs Production Budget for S12L7 For the Year Ended December 31, 2012     1st Qtr.   2nd Qtr.   3rd Qtr.   4th Qtr.   Total Sales                     Desired ending inventory                     Total needs                     Less: Beginning inventory                     Units produced                       Prepare a production budget for S12L5 for each quarter for 2012 and for the year in total.   Stillwater Designs Production Budget for S12L5 For the Year Ended December 31, 2012     1st Qtr.   2nd Qtr.   3rd Qtr.   4th Qtr.   Total Sales                     Desired ending inventory                     Total needs                     Less: Beginning inventory                     Units produced                       6.   eBookeBookeBookeBookeBookeBookeBookeBookeBook SpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheet Exercise 9-36 (Algorithmic) Production Budget and Direct Materials Purchases Budgets Smee Inc. produces all-natural organic peanut butter. The peanut butter is sold in 12-ounce jars. The sales budget for the first four months of the year is as follows:     Unit Sales Dollar Sales ($) January 60,000 $114,000 February 70,000 133,000 March 80,000 152,000 April 50,000 95,000   Company policy requires that ending inventories for each month be 10 percent of next month’s sales. At the beginning of January, the inventory of peanut butter is 35,000 jars. Each jar of peanut butter needs two raw materials: 24 ounces of peanuts and one jar. Company policy requires that ending inventories of raw materials for each month be 20 percent of the next month’s production needs. That policy was met on January 1. 1.  Prepare a production budget for the first quarter of the year. Show the number of jars that should be produced each month as well as for the quarter in total.   Smee Inc. Production Budget For the First Quarter of the Year     January   February   March   Total Sales                 Desired ending inventory                 Total needs                 Less: Beginning inventory                 Units produced                   2a.  Prepare a direct materials purchases budget for jars for the months of January and February. Do not include a multiplication symbol as part of your answer.   Smee, Inc. Direct Materials Purchases Budget for Jars For January and February     January   February   Total Production             Jar             Jars for production             Desired ending inventory             Total needs             Less: Beginning inventory             Jars purchased               2b.  Prepare a direct materials purchases budget for peanuts for the months of January and February. Do not include a multiplication symbol as part of your answer.   Smee, Inc. Direct Materials Purchases Budget for Peanuts For January and February     January   February   Total Production             Ounces             Ounces for production             Desired ending inventory             Total needs             Less: Beginning inventory             Ounces purchased               7.   eBookeBookeBookeBookeBookeBookeBookeBookeBook Exercise 9-37 Production Budget Pumpro Inc. produces submersible water pumps for ponds and cisterns. The unit sales for selected months of the year are as follows:   Company policy requires that ending inventories for each month be 30 percent of next month’s sales. However, at the beginning of April, due to greater sales in March than anticipated, the beginning inventory of water pumps is only 40,000. Prepare a production budget for the second quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total.   Pumpro Inc. Production Budget For the Second Quarter     April   May   June   Total Sales                 Desired ending inventory                 Total needs                 Less: Beginning inventory                 Units produced                   8.   eBookeBookeBookeBookeBookeBookeBookeBookeBook SpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheetSpreadsheet Exercise 9-38 Direct Materials Purchases Budget You may use the attached spreadsheet to help you complete this activity, but you are not required to do so. You will find the spreadsheet by clicking on the link in the drop-down menu above. Fang Company produces decorative plastic items, including hollow plastic pumpkins often used by trick-or-treaters for Halloween. Each pumpkin requires about 5 ounces of plastic costing $0.08 per ounce. Fang molds the plastic into a pumpkin shape and applies decoration to the outside of each pumpkin. Fang has budgeted production of the pumpkins for the next four months as follows:   Inventory policy requires that sufficient plastic be in ending monthly inventory to satisfy 20 percent of the following month’s production needs. The inventory of plastic at the beginning of July equals exactly the amount needed to satisfy the inventory policy. Prepare a direct materials purchases budget for July, August, and September, showing purchases in units and in dollars for each month and in total.   Fang Company Direct Materials Purchases Budget For July, August, and September     July   August   September   Total Units to be produced                 Direct materials per unit                 Production needs                 Desired ending inventory                 Total needs                 Less: Beginning inventory                 Direct materials to be purchased                 Cost per ounce   $ 0.08   $ 0.08   $ 0.08   $ 0.08 Total purchase cost   $    $    $    $    9.   eBookeBookeBookeBookeBookeBookeBookeBookeBook Exercise 9-34 Sales Budget Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and S12L5. The S12L7 sells for $475, and the S12L5 sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows:   The vice president of sales believes that the projected sales are realistic and can be achieved by the company. 1.  Prepare a sales budget for each quarter of 2012 and for the year in total. Show sales by product and in total for each time period. Do not include a multiplication symbol as part of your answer.   Stillwater Designs Sales Budget For the Year Ended December 31, 2012     1st Qtr.   2nd Qtr.   3rd Qtr.   4th Qtr.   Total S12L7:                     Units                     Price   $    $    $    $    $  Sales   $    $    $    $    $  S12L5:                     Units                     Price   $    $    $    $    $  Sales   $    $    $    $    $  Total sales   $    $    $    $          2.  How will Stillwater Designs use this sales budget? The input in the box below will not be graded, but may be reviewed and considered by your instructor.   _________________

Online Custom Essay

Cost of your order

Pages
{{total || ""}}

Why Choose Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Customer Support 24/7

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.

Essays

Essay Writing Services

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.

Admissions

Admission and Business Papers

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.

Editing

Editing and Proofreading

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.

Coursework

Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

eskort eskişehir - adana eskort - escort - izmit eskort - mersin eskorteskort eskişehir - adana eskort - escort - izmit eskort - mersin eskort