Author Question: Julie Finn is preparing the materials purchases budget for the first quarter. The production manager ... (Read 68 times)

jlbond23 · **on:** Feb 5, 2023

Question 1

Mounds Company has provided you with the following sales data.

September

October

November

December

Budgeted unit sales

20,000

30,000

50,000

40,000

The company requires that 5% of the next month's sales be on hand at the end of each month. Budgeted production for October is
◦ 35,000.
◦ 31,500.
◦ 31,000.
◦ 30,000.

Question 2

Julie Finn is preparing the materials purchases budget for the first quarter. The production manager has provided the following production budget information: January - 60,000 units, February - 55,000 units, March - 50,000 units. Each unit requires 5 gallons of direct materials, and Julie wants to maintain an ending inventory equal to 15% of the next month's production needs. How many gallons will Julie budget to purchase in February?
◦ 312,500
◦ 282,500
◦ 271,250
◦ 275,000

bainer89 · **Reply #1 on:** Feb 5, 2023

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