Question: Required: 1 . Prepare a production budget for Supermix for the months July, August, September, and October . 3 . Prepare a direct materials budget
Required: Prepare a production budget for Supermix for the months July, August, September, and October Prepare a direct materials budget showing the quantity of solvent H to be purchased for July, August, and September, and for the quarter in total. please show the work so i can understand. Thank youPearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters cc of solvent H are required to manufacture each unit of Supermix, one of the company's products. The company is planning its raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements:
a The finished goods inventory on hand at the end of each month must equal units of Supermix plus of the next month's sales. The finished goods inventory on June is budgeted to be units.
b The raw materials inventory on hand at the end of each month must equal onehalf of the following month's production needs for raw materials. The raw materials inventory on June is budgeted to be of solvent H
c The company maintains no work in process inventories.
A monthly sales budget for Supermix for the third and fourth quarters of the year follows:
tabletableBudgetedUnit SalesJulyAugustSeptemberOctoberNovemberDecemberPrepare a production budget for Supermix for the months July, August, September, and October.
Prepare a direct materials budget showing the quantity of solvent H to be purchased for July, August, and September, and for the quarter in total.
Complete this question by entering your answers in the tabs below.
Prepare a production budget for Supermix for the months July, August, September, and October.
tablePearl Products LimitedProduction BudgetJuly,August,September,OctoberBudgeted unit sales,,,,Total needs,,,,Prepare a production budget for Supermix for the months July, August, September, and October.
tablePearl Products LimitedProduction BudgetJuly,August,September,OctoberBudgeted unit sales,,,,,Total needs,,,,,Required production in units,,,,,Required
Required
Prepare a direct materials budget showing the quantity of solvent H to be purchased for July, August, and September, and for the quarter in tc
tablePearl Products LimitedDirect Materials BudgetJulyAugust,September,Third QuarterUnits of raw materials needed per unit of finished goods,,CCccccCCUnits of raw materials needed to meet production,,,,,,,,Total units of raw materials needed,,,,,,,,Units of raw materials to be purchased,,,,,,,,
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