The target closing inventory for pairs of shoes is 12% of next quarter's sales. The target...

Transcribed Image Text:

The target closing inventory for pairs of shoes is 12% of next quarter's sales. The target closing inventory for direct materials is 20% of next quarter's materials requirement. The business currently uses $115 of direct material per unit. For the sake of simple budgeting, this is assumed to be 5kg worth of direct materials. The business begins the quarter with 1925kg of direct materials on hand. Quarter 2 and 3 information is provided only to help with preparing the Quarter 1 budget. You do not need to prepare a budget for Quarter 2 or 3 and there are no spaces for you to do so. . A reminder to always round up when calculating answers related to units. To enter each amount in the table, please enter just the number in whole dollars (no cents). No commas or dollar signs or spaces before or after the number. This is an auto-marked question using exact text matching and your answers must be just the number. PRODUCTION BUDGET Units expected to be sold Budget table Quarter 1 3850 Quarter 2 Quarter 3 3560 3950 Target closing inventory Total units required Less opening inventory 125 Required production DIRECT MATERIALS BUDGET Direct materials required per 5kg pair of shoes Total direct materials required Add desired closing raw materials Total materials kg kg kg 474 The target closing inventory for pairs of shoes is 12% of next quarter's sales. The target closing inventory for direct materials is 20% of next quarter's materials requirement. The business currently uses $115 of direct material per unit. For the sake of simple budgeting, this is assumed to be 5kg worth of direct materials. The business begins the quarter with 1925kg of direct materials on hand. Quarter 2 and 3 information is provided only to help with preparing the Quarter 1 budget. You do not need to prepare a budget for Quarter 2 or 3 and there are no spaces for you to do so. . A reminder to always round up when calculating answers related to units. To enter each amount in the table, please enter just the number in whole dollars (no cents). No commas or dollar signs or spaces before or after the number. This is an auto-marked question using exact text matching and your answers must be just the number. PRODUCTION BUDGET Units expected to be sold Budget table Quarter 1 3850 Quarter 2 Quarter 3 3560 3950 Target closing inventory Total units required Less opening inventory 125 Required production DIRECT MATERIALS BUDGET Direct materials required per 5kg pair of shoes Total direct materials required Add desired closing raw materials Total materials kg kg kg 474

Answer rating: 100% (QA)

Based on the image you sent which shows a financial ratio analysis for Apple Inc and Samsung Electronics Co Ltd over a fiveyear period I can answer the following questions 1 Profitability Ratios Gross ... View the full answer