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Saved http Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2 pints Return to question Dimsum Products Limited of Nanjing, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimetres (cc) of solvent S27 are required to manufacture each unit of Fineclay, one of the company's products. The company is now planning raw materials needs for the third quarter, the quarter in which peak sales of Fineclay 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 be equal to 4,500 units of Fineclay plus 15% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 15,000 units. b. The raw materials inventory on hand at the end of each month must be equal to one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 81,000 cc of solvent S27. c. The company maintains no work-in-process inventories. A sales budget for Fineclay for the last six months of the year follows: Budgeted Sales in Units July August 52,500 60,000 September 75,000 October 45,000 November 30,000 December 15,000 Mc Required: 1. Prepare a production budget for Fineclay for the months of July to October. Answer is complete but not entirely correct. Dimsum Products Limited Production Budget July August September October Budgeted sales (units) 38,500 x 44,000 x 155,100 x 33,000 Add: Desired ending inventory 9,600 x 77,550 x 8,250 x 6,600 Total needs 48,400 x 55,550 63,250 39,600 Deduct: Beginning inventory Required production 11,000 x 9,600 X 11,550 x 8,250 37,400 45,650 52,300 31,350 Help Save & Exi heck my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com 2 2. This part of the question is not part of your Connect assignment. Return to q ints 3. Prepare a budget showing the quantity of solvent S27 to be purchased for July, August, and September, and for the q in total. Answer is complete but not entirely correct. Dimsum Products Limited Raw Materials Purchases Budget Third July August September Quarter Solvent S27 purchases (cc) Add: Desired ending inventory Total solvent S27 needs Deduct: Beginning inventory 112,200 x 136,950 156,900 X 406,050 X 68,475 x 180,675 x 78,450 215,400 x 47,025 47,025 203,925 600,000 59,400 68,475 X 78,450 59,400 Solvent S27 purchases (cc) 121,275 x 146,925 X 125,475 540,600 Saved http Help Save & Exit Submit Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2 pints Return to question Dimsum Products Limited of Nanjing, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimetres (cc) of solvent S27 are required to manufacture each unit of Fineclay, one of the company's products. The company is now planning raw materials needs for the third quarter, the quarter in which peak sales of Fineclay 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 be equal to 4,500 units of Fineclay plus 15% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 15,000 units. b. The raw materials inventory on hand at the end of each month must be equal to one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 81,000 cc of solvent S27. c. The company maintains no work-in-process inventories. A sales budget for Fineclay for the last six months of the year follows: Budgeted Sales in Units July August 52,500 60,000 September 75,000 October 45,000 November 30,000 December 15,000 Mc Required: 1. Prepare a production budget for Fineclay for the months of July to October. Answer is complete but not entirely correct. Dimsum Products Limited Production Budget July August September October Budgeted sales (units) 38,500 x 44,000 x 155,100 x 33,000 Add: Desired ending inventory 9,600 x 77,550 x 8,250 x 6,600 Total needs 48,400 x 55,550 63,250 39,600 Deduct: Beginning inventory Required production 11,000 x 9,600 X 11,550 x 8,250 37,400 45,650 52,300 31,350 Help Save & Exi heck my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate com 2 2. This part of the question is not part of your Connect assignment. Return to q ints 3. Prepare a budget showing the quantity of solvent S27 to be purchased for July, August, and September, and for the q in total. Answer is complete but not entirely correct. Dimsum Products Limited Raw Materials Purchases Budget Third July August September Quarter Solvent S27 purchases (cc) Add: Desired ending inventory Total solvent S27 needs Deduct: Beginning inventory 112,200 x 136,950 156,900 X 406,050 X 68,475 x 180,675 x 78,450 215,400 x 47,025 47,025 203,925 600,000 59,400 68,475 X 78,450 59,400 Solvent S27 purchases (cc) 121,275 x 146,925 X 125,475 540,600