Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Four units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 11 December 31 35,000 19,000 97,000 48,000 19,000 74,000 Required: 1. If Bodin Company plans to sell 450,000 units during the year, compute the number of units the firm would have to manufacture during the year. 1. Required production in units 2. Raw material purchases in units 2. If 508,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.

Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Four units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 11 December 31 35,000 19,000 97,000 48,000 19,000 74,000 Required: 1. If Bodin Company plans to sell 450,000 units during the year, compute the number of units the firm would have to manufacture during the year. 1. Required production in units 2. Raw material purchases in units 2. If 508,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter8: Budgeting For Planning And Control

Section: Chapter Questions

Problem 15E: Palmgren Company produces consumer products. The sales budget for four months of the year is...

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Palmgren Company produces consumer products. The sales budget for four months of the year is presented below. Company policy requires that ending inventories for each month be 25 percent of next months sales. At the beginning of July, the beginning inventory of consumer products met that policy. Required: Prepare a production budget for the third quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total.
Prepare a cost of goods sold budget for MacLaren Manufacturing Inc. for the year ended December 31, 2016, from the following estimates. Inventories of production units: Direct materials purchased during the year, 548,000; beginning inventory of direct materials, 36,000; and ending inventory of direct materials, 23,000. Totals from other budgets included:
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 December 31 36,000 17,000 98,000 51,000 17,000 62,000 Required: 1. If Bodin Company plans to sell 472,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 509,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased. 1. Required production in units 2. Raw material purchases in units cBook Pro 6) U G K C V. N
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods Required: January 1 41,000 December 31 48,000 20,000 20,000 92,000 59,000 1. If Bodin Company plans to sell 452,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 520,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased. 1. Required production in units 2. Raw material purchases in units
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Two units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods Required: January 1 48,000 15,000 97,900 1. Required production in units 2. Raw material purchases in uns December 31 51,000 15,000 52,888 1. If Bodin Company plans to sell 466,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 505,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.
Fact Pattern: Paradise Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for the fiscal year of July 1 through June 30: Direct material* Work-in-process July 1 40,000 10,000 80,000 Finished goods * Two units of direct material are needed to produce each unit of finished product. If Paradise Company plans to sell 480,000 units during the fiscal year, the number of units it will have to manufacture during the year is A. 450,000 units. O B. 480,000 units. 510,000 units. C. O D. June 30 50,000 20,000 50,000 440,000 units.
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Three units of raw material are required to produce each unit of finished product. January 1 December 31 Raw material 38,000 53,000 Work in process 15,000 15,000 Finished goods 92,000 70,000 Required:1. If Bodin Company plans to sell 472,000 units during the year, compute the number of units the firm would have to manufacture during the year.2. If 507,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.
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J Co makes a component M which uses 3 kg of raw material X. The opening inventory at the start of next year is expected to be as follows. Opening inventory of raw material X 5,000 kg @ $4 Opening inventory of component M 2,000 units Sales of component M for the year are budgeted at 48,000 units. Production and sales are budgeted to occur evenly throughout the year. Closing inventory at the end of the year is budgeted as follows. Closing inventory of raw material X One month's worth of production Closing inventory of component M Two months' worth of sales (c) What is the material X purchases budget for the year in kg?
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. a. b. Raw material* Finished goods C. d. Beginning Inventory 500,000 units 520,000 units 510,000 units 570,000 units 30,000 70,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 510,000 units during next year, the number of units it would have to manufacture during the year would be: Ending Inventory 40,000 60,000
King purchases two components for its primary product. They need 3 of Component A and 2 of Component B for each unit of the primary product. Component A costs $3; Component B costs $5. Other facts: Forecasted Primary Product Production: January: 19,500 units February: 19,600 units March: 23,000 units April: 27,000 units Ending component inventory should equal 20% of next month’s production needs. Assume December’s ending inventory met this requirement. Calculate purchases for both Components in both units and dollars by month for Q1.