Anticipated sales for Safety Grip Company were 41,000 passenger car tires and 12,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck 34 lbs. per unit 79 lbs. per unit 7 lbs. per unit 18 lbs. per unit The purchase prices of rubber and steel are $3.70 and $4.80 per pound, respectively. The desired ending inventories of rubber and steel belts are 39,000 and 8,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 45,000 and 6,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2019. Rubber Steel belts
Anticipated sales for Safety Grip Company were 41,000 passenger car tires and 12,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Passenger Car Truck 34 lbs. per unit 79 lbs. per unit 7 lbs. per unit 18 lbs. per unit The purchase prices of rubber and steel are $3.70 and $4.80 per pound, respectively. The desired ending inventories of rubber and steel belts are 39,000 and 8,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 45,000 and 6,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2019. Rubber Steel belts
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter8: Tactical Decision-making And Relevant Analysis
Section: Chapter Questions
Problem 54P
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