(a) Jano Pottery manufactures various products. It has the following sales budget, in sets, for its...
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(a) Jano Pottery manufactures various products. It has the following sales budget, in sets, for its Sonora line of dishes: April, 25,000; May, 30,000; June, 35,000. Jano keeps its inventory at twice the coming month's budgeted sales. At April 1. Jano expects inventory to be 47,000 sets. REQUIRED: Prepare production budgets for April and May (b) Making one set of Sonora dishes (refer to a above) requires 15 kilos of materials that cost $1.50 per kilo. Jano keeps its inventory of materials at 150% of the coming month's budgeted production. At the beginning of April, Jano expects to have 540,000 kilos of materials on hand. REQUIRED: Prepare a material purchases budget for April in kilos and in dollars. (a) Jano Pottery manufactures various products. It has the following sales budget, in sets, for its Sonora line of dishes: April, 25,000; May, 30,000; June, 35,000. Jano keeps its inventory at twice the coming month's budgeted sales. At April 1. Jano expects inventory to be 47,000 sets. REQUIRED: Prepare production budgets for April and May (b) Making one set of Sonora dishes (refer to a above) requires 15 kilos of materials that cost $1.50 per kilo. Jano keeps its inventory of materials at 150% of the coming month's budgeted production. At the beginning of April, Jano expects to have 540,000 kilos of materials on hand. REQUIRED: Prepare a material purchases budget for April in kilos and in dollars.
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Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
Posted Date:
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