Please do not give solution in image format Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannined for the year20x1. Four units of raw material are required to produce each unit of finished product.January 1 December 3144,00049,00012,00076,000Raw materialWork in process 12,000Finished goods 90,000Required:1. If Bodin Company plans to sell 452,000 units during the year, compute the number of units the firm would have to manufactureduring the year.2. If 514,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to bepurchased.1. Required production in units2. Raw material purchases in units

The budget is prepared to estimate the requirements for the future period. The materials budget is…

odin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year Ox1. Four units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 December 31 44,000 12,000 90,000 49,000 12,000 76,000 equired: If Bodin Company plans to sell 452,000 units during the year, compute the number of units the firm would have to manufacture uring the year. . If 514,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be urchased. 1. Required production in units 2. Raw material purchases in units

odin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year Ox1. Four units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 December 31 44,000 12,000 90,000 49,000 12,000 76,000 equired: If Bodin Company plans to sell 452,000 units during the year, compute the number of units the firm would have to manufacture uring the year. . If 514,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be urchased. 1. Required production in units 2. Raw material purchases in units

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 6E: Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The...

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Palmgren Company produces consumer products. The sales budget for four months of the year is presented below. Company policy requires that ending inventories for each month be 25 percent of next months sales. At the beginning of July, the beginning inventory of consumer products met that policy. Required: Prepare a production budget for the third quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total.
Ottis, Inc., uses 640,000 plastic housing units each year in its production of paper shredders. The cost of placing an order is 30. The cost of holding one unit of inventory for one year is 15.00. Currently, Ottis places 160 orders of 4,000 plastic housing units per year. Required: 1. Compute the annual ordering cost. 2. Compute the annual carrying cost. 3. Compute the cost of Ottiss current inventory policy. Is this the minimum cost? Why or why not?
How many units are in beginning inventory it 32,000 units are budgeted for sales, 35,000 units are produced, and the desired ending inventory is 9,000 units?
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Eastman, Inc., manufactures and sells three products: R, S, and T. In January, Eastman, Inc., budgeted sales of the following. At the end of the year, actual sales revenue for Product R and Product S was 3,075,000 and 3,254,000, respectively. The actual price charged for Product R was 25 and for Product S was 20. Only 10 was charged for Product T to encourage more consumers to buy it, and actual sales revenue equaled 540,000 for this product. Required: 1. Calculate the sales price and sales volume variances for each of the three products based on the original budget. 2. Suppose that Product T is a new product just introduced during the year. What pricing strategy is Eastman, Inc., following for this product?
A company estimates its manufacturing overhead will be $840,000 for the next year. What is the predetermined overhead rate given each of the following Independent allocation bases? Budgeted direct labor hours: 90,615 Budgeted direct labor expense: $750000 Estimated machine hours: 150,000
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 December 31 36,000 17,000 98,000 51,000 17,000 62,000 Required: 1. If Bodin Company plans to sell 472,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 509,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased. 1. Required production in units 2. Raw material purchases in units cBook Pro 6) U G K C V. N
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods Required: January 1 41,000 December 31 48,000 20,000 20,000 92,000 59,000 1. If Bodin Company plans to sell 452,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 520,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased. 1. Required production in units 2. Raw material purchases in units
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