List of accountsDesired Pounds in Ending Materials InventoryCost Per PoundBeginning Finished Goods InventoryDesired Ending Finished Goods InventoryDirect Materials PurchasesTotal Materials RequiredTotal Required UnitsExpected Unit SalesTotal Pounds Needed for ProductionRequired Production UnitsTotal Cost of Direct Materials PurchasesBeginning Direct Materials (Pounds)Units To Be ProducedDirect Material Pounds Per Unit Bonita Company's sales budget projects unit sales of part 1982 of 9,000 units in January, 10,600 units in February, and 11,900 units inMarch. Each unit of part 198Z requires 4 pounds of materials, which cost $2 per pound. Bonita Company desires its ending rawmaterials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20%of the next month's expected unit sales. These goals were met at December 31, 2021.(a)Prepare a production budget for January and February 2022.CBONITA COMPANYProduction BudgetDesired Ending Finished Goods InventoryJanuaryFebruary (b)Prepare a direct materials budget for January 2022.:BONITA COMPANYDirect Materials Budget$$January

In this question, we need to prepare: Production Budget for the months of January and February.…

Answered: Bonita Company's sales budget projects…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 5EA: Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700...

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List of accounts Desired Pounds in Ending Materials Inventory Cost Per Pound Beginning Finished Goods Inventory Desired Ending Finished Goods Inventory Direct Materials Purchases Total Materials Required Total Required Units Expected Unit Sales Total Pounds Needed for Production Required Production Units Total Cost of Direct Materials Purchases Beginning Direct Materials (Pounds) Units To Be Produced Direct Material Pounds Per Unit

Bonita Company's sales budget projects unit sales of part 1982 of 9,000 units in January, 10,600 units in February, and 11,900 units in
March. Each unit of part 198Z requires 4 pounds of materials, which cost $2 per pound. Bonita Company desires its ending raw
materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20%
of the next month's expected unit sales. These goals were met at December 31, 2021.
(a)
Prepare a production budget for January and February 2022.
C
BONITA COMPANY
Production Budget
Desired Ending Finished Goods Inventory
January
February

(b)
Prepare a direct materials budget for January 2022.
:
BONITA COMPANY
Direct Materials Budget
$
$
January

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