Prepare a direct materials purchases budget for march

Assignment Help Accounting Basics
Reference no: EM131727302

Exercise - Direct Materials Purchases Budget

Tsiklauri Company produces plastic items, including plastic housing for humidifiers. Each housing requires 425 grams of plastic costing $0.34 per 10 grams. Tsiklauri moulds the plastic into the proper shape. Tsiklauri has budgeted production of the humidifiers for the next four months as follows:

Units

March 3,500

April 4,400

May 4,900

June 6,300

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 March equals exactly the amount needed to satisfy the inventory policy.

Required: Prepare a direct materials purchases budget for March, April, and May, showing purchases in units and in dollars for each month and in total.

Reference no: EM131727302

Questions Cloud

Create new wild populations of african rhinos : Would it be a good idea to create new wild populations of African rhinos, elephants, and lions in Australia
Prepare a swot analysis of panera bread : Prepare a SWOT analysis of Panera Bread and discuss what your analysis revealed about the overall attractiveness of the company's situation.
Probability of randomly picks an answer for every question : A ten-question quiz has five true-false questions and five multiple-choice questions. Each multiple-choice question has four possible choices for the answer.
What are the pros of direct and indirect marketing channels : What are the pros and cons of direct and indirect marketing channels?
Prepare a direct materials purchases budget for march : Prepare a direct materials purchases budget for March, April, and May, showing purchases in units and in dollars for each month and in total
Customer relationship management : Examine the role of Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM).
Stem cells and cell differentiation : What are stem cells? Where are they found? What types of cells do they produce? And why are stem cells important for tissue health?
What are the advantages non-store retailing methods : What are the advantages and disadvantages of using non-store retailing methods versus traditional brick and mortar retailing?
Explain type of market in which selecte product will compete : Describe the type of market in which your selected product will compete, along with an analysis of competitors and customers.

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.

  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!

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