1. Platinum Trophy, Inc. projects sales of 45,000 brass plaques for 201X. The estimated January 1, 201X inventory is 3,000 units and the desired December 31, 201X inventory is 5,000 units. What the budgeted production (in units) for 201X? 2. Platinum Trophy needs brass sheets to produce their brass plaques. Assume 96 square inches of brash sheet are required for each brass plaque. The estimated January 1, 201X, brass sheet invento: is 240,000 square inches. The desired December 31, 201X brass sheet inventory is 200,000 square inches. Platinum Trophy pays $O.12 per square inch. Using the budgeted production from the question 1, determine the direct materials purchases budget for 201X.
1. Platinum Trophy, Inc. projects sales of 45,000 brass plaques for 201X. The estimated January 1, 201X inventory is 3,000 units and the desired December 31, 201X inventory is 5,000 units. What the budgeted production (in units) for 201X? 2. Platinum Trophy needs brass sheets to produce their brass plaques. Assume 96 square inches of brash sheet are required for each brass plaque. The estimated January 1, 201X, brass sheet invento: is 240,000 square inches. The desired December 31, 201X brass sheet inventory is 200,000 square inches. Platinum Trophy pays $O.12 per square inch. Using the budgeted production from the question 1, determine the direct materials purchases budget for 201X.
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 3CE: Refer to Cornerstone Exercise 8.2 for the production budgets for practice balls and match balls....
Related questions
Question
question 2
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College