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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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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 8 months ago
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