Preston, Inc., manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 480 units in July and 400 units in August. Each unit requires 10 feet of wood at a cost of $1.50 per foot. Preston wants to always have 300 feet of wood on hand in materials inventory. Prepare Preston’s raw materials purchases budget for July and August.
Answer to relevant QuestionsRefer to the information in M8-5 for Preston, Inc. Each unit requires 1.75 hours of direct labor, and labor wages average $9 per hour. Prepare Preston’s direct labor budget for July and August.Preston, Inc., manufactures ...Garfield Corp. expects to sell 1,300 units of its pet beds in March and 900 units in April. Each unit sells for $110. Garfield’s ending inventory policy is 30 percent of the following month’s sales. Garfield pays its ...Refer to the information in E8-5 for Shadee Corp. Suppose that each visor takes 0.30 direct labor hours to produce and Shadee pays its workers $9 per hour.Shadee Corp. expects to sell 600 sun visors in May and 800 in June. ...Ceder Company has compiled the following data for the upcoming year:• Sales are expected to be 15,000 units at $41.00 each.• Each unit requires 2 pounds of direct materials at $2.00 per pound.• Each unit requires 1.5 ...Refer to the information in PA8-1. Iguana, Inc., had $10,800 cash on hand on April 1. Of its sales, 80 percent is in cash. Of the credit sales, 50 percent is collected during the month of the sale, and 50 percent is ...
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