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3 years ago

Production Budget and Direct Materials Purchases Budget

Business

1 answer:

SCORPION-xisa [38]3 years ago

8 0

Answer:

Jani's Flowers and Gifts

1. Jani's Flowers and Gifts

Production Budget for September, October, November, and December for Gift Baskets:

Sept Oct. Nov. Dec.

Estimated sales units 250 200 230 380

Estimated ending inventory 20 23 38 10

Units available for sale 270 223 268 390

Beginning inventory 25 20 23 38

Production required 245 213 245 352

2. Jani's Flowers and Gifts

Direct Materials Purchases Budget

For September, October, and November

Sept Oct. Nov.

Fruit (1 pound):

Production requirement 245 213 245

Ending inventory: 21 25 35

Total needs 266 238 280

Beginning inventory: 25 21 25

Pounds purchased 241 217 255

Small Gifts (6 items each):

Production requirement 1,470 1,278 1,470

Ending inventory: 383 441 634

Total needs 1,853 1,719 2,104

Beginning inventory: 441 383 441

Items Purchased 1,412 1,336 1,663

Explanation:

a) Data and Calculations:

Sept Oct. Nov. Dec. Jan.

Estimated sales units 250 200 230 380 100

Estimated ending inventory 20 23 38 10

Units available for sale 270 223 268 390

Beginning inventory 25 20 23 38 10

Production required 245 213 245 352

Jani's Flowers and Gifts

Direct Materials Purchases Budget

For September, October, and November

Sept Oct. Nov. Dec.

Fruit 1 pound:

Production requirement 245 213 245 352

Ending inventory: 21 25 35 106

Total needs 266 238 280 458

Beginning inventory: 25 21 25 35

Pounds purchased 241 217 255 423

Small Gifts 6 items each:

Production requirement 1,470 1,278 1,470 2,112

Ending inventory: 383 441 634 1,899

Total needs 1,853 1,719 2,104 4,011

Beginning inventory: 441 383 441 634

Items Purchased 1,412 1,336 1,663 3,377

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Suppose the Fed carries out an open market sale of $100m and simultaneously decreases the minimum required reserve ratio from 10

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attached below is the T-account table

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Given data:

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Western Inc. purchases a machine for $70,000. This machine qualifies as a five-year recovery asset under MACRS with the fixed de

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