Question: Yosko expects to produce 1 950 units in January and 2 114
Yosko expects to produce 1,950 units in January and 2,114 units in February. The company budgets $85 per unit for direct materials. Indirect materials are insignifi cant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $50,000. Yosko desires the ending balance in Raw Materials Inventory to be 40% of the next month's direct materials needed for production. Desired ending balance for February is $51,400. Prepare Yosko's direct materials budget for January and February.
Answer to relevant QuestionsCarson Company has the following post-closing trial balance on December 31, 2016: The company’s accounting department has gathered the following budgeting information for the first quarter of 2017: Budgeted total sales, ...Green Company has the following post-closing trial balance on December 31, 2016: The company’s accounting department has gathered the following budgeting information for the first quarter of 2017: Budgeted total sales, all ...Refer to the Smithson, Inc. data in Short Exercise S23-9. Last month, Smithson reported the following actual results: actual variable overhead, $10,400; actual fixed overhead, $2,750; actual production of 5,000 units at 0.30 ...Bargain, Inc. produced 1,000 units of the company’s product in 2016. The standard quantity of direct materials was three yards of cloth per unit at a standard cost of $1.00 per yard. The accounting records showed that ...Kyler Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Kyler allocates overhead based on yards of direct materials. The company’s performance report includes the following ...
Post your question