E9-21 A (similar to) Juda Industries manufactures a popular interactive stuffed

Question

E9-21 A (similar to) Juda Industries manufactures a popular interactive stuffed animal for children that requires four computer chips inside each toy computer chip, Juda Industries has a policy that states that the ending inventory of computer chips should be at least 25% of the as follows: (Click the icon to view the production schedule.) Requirement Prepare a direct materials budget for the first quarter that shows both the number of computer chips needed and the dollar amou Multiply by: Quantity of direct materials needed per unit Quantity needed for production Plus: Desired ending inventory of direct materials Total quantity needed Less Beginning inventory of direct materials Quantity to purchase 21.600 16,400 17.600 55,600 4.1004,400 4,5004.500 25,700 20,800 22,10060,100 Multiply by Cost per unit Total cost of direct material purchases Enter any number in the edit fields and then click Check Answer Clear All All parts showing OType here to searcih

Explanation / Answer

Direct Materials Purchase Budget Month 1 Month 2 Month 3 Required material for production 21,600.00 16,400.00 17,600.00 Desired inventory 4,100.00 4,400.00 4,500.00 Required units 25,700.00 20,800.00 22,100.00 Less: Opening inventory -5,400.00 -4,100.00 -4,400.00 Direct material purchase units 20,300.00 16,700.00 17,700.00 Cost Per chip 2.00 2.00 2.00 Total Cost of Dir Mat’l Purchases 40,600 33,400 35,400

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