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4. Anticipated sales for Safety Grip Company were 42,000 passenger car tires and 19,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Material Rubber Steel Passenger Car 36 lbs. per unit 4 lbs. per unit Truck 77 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $1.30 and $0.95 per pound, respectively. The de- sired ending inventories of rubber and steel belts are 40,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 46,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2020.

4. Anticipated sales for Safety Grip Company were 42,000 passenger car tires and 19,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Material Rubber Steel Passenger Car 36 lbs. per unit 4 lbs. per unit Truck 77 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $1.30 and $0.95 per pound, respectively. The de- sired ending inventories of rubber and steel belts are 40,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 46,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2020.

Cornerstones of Cost Management (Cornerstones Series)
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter20: Inventory Management: Economic Order Quantity, Jit, And The Theory Of Constraints
Section: Chapter Questions
Problem 7E: Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The...
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4. Anticipated sales for Safety Grip Company were 42,000 passenger car tires and 19,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Material Rubber Steel Passenger Car 36 lbs. per unit 4 lbs. per unit Truck 77 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $1.30 and $0.95 per pound, respectively. The de- sired ending inventories of rubber and steel belts are 40,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 46,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2020.
Transcribed Image Text:4. Anticipated sales for Safety Grip Company were 42,000 passenger car tires and 19,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows: Material Rubber Steel Passenger Car 36 lbs. per unit 4 lbs. per unit Truck 77 lbs. per unit 8 lbs. per unit The purchase prices of rubber and steel are $1.30 and $0.95 per pound, respectively. The de- sired ending inventories of rubber and steel belts are 40,000 and 10,000 pounds, respectively. The estimated beginning inventories for rubber and steel belts are 46,000 and 8,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2020.
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