DATA 2 018Projected Raw Materials inventory: c112018 12/31/2018 Cost per unit $2
ID: 2581058 • Letter: D
Question
DATA 2 018Projected Raw Materials inventory: c112018 12/31/2018 Cost per unit $2 $0.50 8,000 5,000 13,000 22,00017,000 6,000 Z2- units Z3- feet 6 1 manufactures 40,000 units in 2018 9 P2 manufactures units 80,000 in 2018 440,000 160,000 560,000 The total number of lbs. of input Z1 required The total number of units of input Z2 required The total number of feet of input Z3 required 14 15 16 17 How many lbs. of Z1 should be purchased? 18 19 How many units of Z2 should be purchased? 20 21 How many feet of Z3 should be purchased 23 What is the purchases budget for Z1 (dollars)? 24 25 What is the purchases budget for Z2 (dollars)? 26 27 What is the purchases budget for Z3 (dollars)? 28 29 What is the total purchases budget (dollars)? 30 31 what is the Cost of Goods Manuf. for P1? 32 33 iwhat is the average Cost of Goods Manuf. for P1? 34 35 What is the Cost of Goods Manuf.for P2? 36 37 What is the average Cost of Goods Manuf for P2? 38 39Explanation / Answer
Answer: Raw material requirement budget Z1 Z2 Z3 Raw material required 440,000 160,000 560,000 Add: Desired ending inventory 8,000 13,000 17,000 Total needs 448,000 173,000 577,000 Less: beginning inventory 6,000 5,000 22,000 Raw material to be purchased 442,000 168,000 555,000 Cost per unit $ 3.00 $ 2.00 $ 0.50 Cost of raw material purchases $ 1,326,000.00 (442,000*$3) $ 336,000.00 (168,000*2) $ 277,500.00 (555,000*0.50) 1) 442,000 lbs. of Z1 should be purchased. 2) 168,000 lbs. of Z2 should be purchased. 3) 555,000 lbs. of Z3 should be purchased. 4) Purchase budget in dollars for Z1 $1,326,000 5) Purchase budget in dollars for Z2 $336,000 6) Purchase budget in dollars for Z3 $277,500 7) Total purchase budget in dollars $1,939,500
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