Sleep Master, Inc. manufactures bedding sets. The budgeted production is for 57,000 comforters in 2017. Each...

Sleep Master, Inc. manufactures bedding sets. The budgeted production is for 57,000 comforters in 2017. Each comforter requires 6 yards of material. The estimated January 1, 2017, beginning inventory is 31,000 yards. The desired ending balance is 27,000 yards of material. If the material costs $1.50 per yard, determine the materials budget for 2017.

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Expert Solution

Material Budget for 2017:

Budgeted production	a	57,000	Units
Material required per unit	b	6	yards
Materials required for production	c=a*b	3,42,000	yards
Ending inventory of materials	d	27,000	yards
Beginning inventory of materials	e	31,000	yards

Material to be purchased	f=c+d-e	3,38,000	yards
Material cost per unit	g	$ 1.50

Total cost of materials purchased	h=f*g	$ 5,07,000

ekkarill92 answered 3 months ago

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