Calculate how much canvas will be needed (in feet) and the total cost. (Round to two decimal places for currency; round to whole unit for cotton)

Jack's Doggie Sneakers makes canvas shoes for Dogs. They use canvas and the new Vibram plastic to keep the paws of your dog protected when walking in the City or out in Nature. Jack has estimated total sales of $30,200 in January, $48,259 in February, $52,700 in March and $66,200 in April, and 60,000 in May. Prepare a production budget - Quarter 1 2023 for Jack's Doggie Sneakers. Jack estimates that the beginning balance in January will be 5,000 packages. At the end of each month, the desired ending inventory is 15% of the next month's sales. (Round to the nearest whole unit) Continuation of Jack's Doggie Sneakers Each package of sneakers requires an average of 3.25 feet of heavy-duty cotton, costing $4.15 per foot. Jack determines that the beginning inventory for cotton will be 10,500 feet in January, and the desired ending inventory will be 10% of the following month's production needs. Prepare a direct material budget for Quarter 1

Answer rating: 100% (QA)

Solution To calculate the amount of canvas needed for each month we need to multiply the total sales for each month by the average number of feet requ... View the full answer