4. The DM budget: The Jam J Corporation's production budget calls for the following number of...

4. The DM budget: The Jam J Corporation's production budget calls for the following number of units to be produced each quarter for next year:

Budgeted production


Quarter 1	56,500	units
Quarter 2	54,800	units
Quarter 3	50,600	units
Quarter 4	51,900	units

Each unit of product requires three (3) pounds of direct material. The company's policy is to have ending raw materials inventory equal to 10% of the following quarter's direct material production needs.

Calculate the budgeted direct materials purchases for the second quarter.

Expert Solution

Ans.	JAM J CORPORATION
	Direct Materials Budget
		Quarter 2
	Raw materials needed to meet production	164400
	Add: Desired ending raw materials inventory	15180
	Total units of raw materials needed	179580
	Less: beginning raw materials inventory	-16440
	Units of raw materials to be purchased	163140

	*Calculations for raw materials needed to meet production:
		Quarter 1	Quarter 2	Quarter 3
	Budgeted production (units)	56,500	54,800	50,600
	(X) Materials requirement per unit	3	3	3
	Raw materials needed to meet production	169500	164400	151800

	*Calculations for Ending inventory:

	Ending inventory for Quarter 2 = Raw materials need for Quarter 3 * 10%
	151,800 * 10%
	15180

	*Calculations for Beginning inventory:

	Quarter 2 beginning inventory = Ending inventory of quarter 1 = Raw materials need for Quarter 2 * 10%
	164,400 * 10%
	16440

ekkarill92 answered 3 years ago

Budgeting Direct Material The Jung corporation's budget calls for the following production Quarter1 45,000 units Quarter...

Budgeting Direct Material The Jung corporation's budget calls for the following production Quarter1 45,000 units Quarter 2 38,000 units Quarter3 34,000 units Quarter4 48,000 units Each unit of production requires three pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 30 percent of that quarter's direct material requirements. required Compute budgeted direct materials purchases for the third quarter

Garry's Corporation's most recent production budget indicates the following required production: October November December Required Production...

Garry's Corporation's most recent production budget indicates the following required production: October November December Required Production (units) 210,000 175,000 110,000 Each unit of a finished product requires 5 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November? A. 893,500 B. 793,750 C. 1,006,250 D. 1,012,500 I know the answer is B, but I'm...

5) Garry Corporation's most recent production budget indicates the following required production: October 210,000 November 175.000...

Garry's Corporation's most recent production budget indicates the following required production:OctoberNovemberDecemberRequired Production (units)210,000175,000110,000Each unit of a finished product requires 5 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November?39) Magno Cereal Corporation uses a standard cost system for its "crunchy pickle" cereal. The materials standard for each batch of cereal produced is 1.4...

RTI Company’s master budget calls for production and sale of 18,200 units for $83,720, variable costs...

RTI Company’s master budget calls for production and sale of 18,200 units for $83,720, variable costs of $32,760, and fixed costs of $20,000. During the most recent period, the company incurred $32,200 of variable costs to produce and sell 20,000 units for $85,200. During this same period, the company earned $25,200 of operating income. Required: 1. Determine the following for RTI Company: (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) a. Flexible-budget operating income. b....

RTI Company’s master budget calls for production and sale of 18,100 units for $81,450, variable costs...

RTI Company’s master budget calls for production and sale of 18,100 units for $81,450, variable costs of $30,770, and fixed costs of $18,000. During the most recent period, the company incurred $34,100 of variable costs to produce and sell 18,000 units for $84,000. During this same period, the company earned $23,000 of operating income. QUESTIONS: 1. Determine the following for RTI Company: (Do not round intermediate calculations. Round your answers to the nearest whole dollar.) a. Flexible-budget operating income. b....

RTI Company’s master budget calls for production and sale of 19,300 units for $98,430; variable costs...

RTI Company’s master budget calls for production and sale of 19,300 units for $98,430; variable costs of $44,390; and fixed costs of $18,600. During the most recent period, the company incurred $33,300 of variable costs to produce and sell 18,600 units for $86,300. During this same period, the company earned $26,300 of operating income. (Do not round intermediate calculations. Round final answer to the nearest whole dollar.) Required: 1. Determine the following for RTI Company: a. Flexible-budget operating income. b....

Find the inverse of the following 4x4 matrix: 1-j j 1+j 2 -j 4 2-j 3 1-j...

Find the inverse of the following 4x4 matrix: 1-j j 1+j 2 -j 4 2-j 3 1-j 2+j j 3-j 2 3 3+j 1

In a production budget, if the number of units in finished goods inventory at the end...

In a production budget, if the number of units in finished goods inventory at the end of the period is less than the number of units in finished goods inventory at the beginning of the period, then the expected number of units sold is less than the number of units to be produced during the period.

4) Calculate the energy (J/mol) for vacancy formation in silver, given that the equilibrium number of...

4) Calculate the energy (J/mol) for vacancy formation in silver, given that the equilibrium number of vacancies at 800 degree C is 3.6 * 10^23 m^-3. Atomic weight of Ag is 107.9 g/mol, the density of Ag is 9.3 g/cm^3 and Avogadro N_a = 6.023 * 10^23 atoms/mol.

Python! Create a program that does the following: Reads a number from the user. Calls a...

Python! Create a program that does the following: Reads a number from the user. Calls a function that finds all the divisors of that number. Calls another function to see if the number 7 is a divisor of the original number. Keeps reading input from the user and calling the function above until the user enters the letter ‘q’. Create 2 functions findDivisors() and lucky7(). Use docstrings to explain what each function does. Use the help() function to output the...

Question