please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Jani's Flowers and GiftsProduction Budget for Gift BasketsFor September, October, November, and DecemberLine Item Description September October November DecemberSales250 ✓200 ✓230 ✔380 ✓Desired ending inventory10 ✓12 ✔19 ✔5 ✔NeededLess: Beginning inventoryProductionFeedbackCheck My WorkCorrectProductionPounds of fruitRequired for productionDesired ending inventoryTotal needsLess: Beginning inventoryPounds purchasedSmall gifts:ProductionItems requiredNeeded for productionDesired inventoryTotal needs260 ✔13 ✓247 ✔Less: Beginning inventoryItems purchased2. Prepare a direct materials purchases budget for the two types of materials used in the production of gift baskets for the months of September, October, and November. (Note: Round answers to the nearest whole unit.)Jani's Flowers and GiftsDirect Materials Purchases BudgetFor September, October, and NovemberLine Item Description September October NovemberFruit:2471✓247 ✔10 ✓212 ✔10 ✓202 ✓12 X245 X2021 ✓202 ✓12 ✓249 ✔12 ✔237 ✔10 X204 X237✓✓237 ✓18 ✔3851912 X243 X366✓✓ Production Budget and Direct Materials Purchases BudgetJani Subramanian, owner of Jani's Flowers and Gifts, produces gift baskets for various special occasions. Each gift basket includes fruit or assorted small gifts (e.g., a coffee mug, deck of cards, novelty cocoa mixes, scented soap) in abasket that is wrapped in colorful cellophane. Jani has estimated the following unit sales of the standard gift basket for the rest of the year and for January of next year.SeptemberOctoberNovemberDecemberJanuary250200230380100Jani likes to have 5% of the next month's sales needs on hand at the end of each month. This requirement was met on August 31.Two materials are needed for each fruit basket:Fruit1 poundSmall gifts6 itemsThe materials inventory policy is to have 5% of the next month's fruit needs on hand and 35% of the next month's production needs of small gifts. (The relatively low inventory amount for fruit is designed to prevent spoilage.) Materialsinventory on August 31 met this company policy.Required:1. Prepare a production budget for September, October, November, and December for gift baskets. (Note: Round all answers to the nearest whole unit.)

A budget for production is a document that specifies the quantity of a certain product that a…

Production Budget and Direct Materials Purchases Budget Jani Subramanian, owner of Jani's Flowers and Gifts, produces gift baskets for various special occasions. Each gift basket includes fruit or assorted small gifts (e.g., a coffee mug, deck of cards, novelty cocoa mixes, scented soap) in a basket that is wrapped in colorful cellophane. Jani has estimated the following unit sales of the standard gift basket for the rest of the year and for January of next year. September October November 250 200 230 December 380 January 100 Jani likes to have 5% of the next month's sales needs on hand at the end of each month. This requirement was met on August 31. Two materials are needed for each fruit basket: 1 pound 6 items Fruit Small gifts The materials inventory policy is to have 5% of the next month's fruit needs on hand and 35% of the next month's production needs of small gifts. (The relatively low inventory amount for fruit is designed to prevent spoilage.) Materials inventory on August 31 met this company policy. Required: 1. Prepare a production budget for September. October, November, and December for gift baskets. (Note: Round all answers to the nearest whole unit.)

Production Budget and Direct Materials Purchases Budget Jani Subramanian, owner of Jani's Flowers and Gifts, produces gift baskets for various special occasions. Each gift basket includes fruit or assorted small gifts (e.g., a coffee mug, deck of cards, novelty cocoa mixes, scented soap) in a basket that is wrapped in colorful cellophane. Jani has estimated the following unit sales of the standard gift basket for the rest of the year and for January of next year. September October November 250 200 230 December 380 January 100 Jani likes to have 5% of the next month's sales needs on hand at the end of each month. This requirement was met on August 31. Two materials are needed for each fruit basket: 1 pound 6 items Fruit Small gifts The materials inventory policy is to have 5% of the next month's fruit needs on hand and 35% of the next month's production needs of small gifts. (The relatively low inventory amount for fruit is designed to prevent spoilage.) Materials inventory on August 31 met this company policy. Required: 1. Prepare a production budget for September. October, November, and December for gift baskets. (Note: Round all answers to the nearest whole unit.)

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

Chapter9: Profit Planning And Flexible Budgets

Section: Chapter Questions

Problem 45BEB: Pilsner Inc. purchases raw materials on account for use in production. The direct materials...

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Pilsner Inc. purchases raw materials on account for use in production. The direct materials purchases budget shows the following expected purchases on account: Pilsner typically pays 25% on account in the month of billing and 75% the next month. Required: 1. How much cash is required for payments on account in May? 2. How much cash is expected for payments on account in June?
Production Budget and Direct Materials Purchases Budget Jani Subramanian, owner of Jani's Flowers and Gifts, produces gift baskets for various special occasions. Each gift basket includes fruit or assorted small gifts (e.g., a coffee mug, deck of cards, novelty cocoa mixes, scented soap) in a basket that is wrapped in colorful cellophane. Jani has estimated the following unit sales of the standard gift basket for the rest of the year and for January of next year. September 250 October 200 November 230 December 380 January 100 Jani likes to have 5% of the next month's sales needs on hand at the end of each month. This requirement was met on August 31. Two materials are needed for each fruit basket: Fruit 1 pound Small gifts 6 items The materials inventory policy is to have 5% of the next month's fruit needs on hand and 45% of the next month's production needs of small gifts. (The relatively low inventory amount for fruit is designed to…
Production Budget and Direct Materials Purchases Budget Jani Subramanian, owner of Jani’s Flowers and Gifts, produces gift baskets for various special occasions. Each gift basket includes fruit or assorted small gifts (e.g., a coffee mug, deck of cards, novelty cocoa mixes, scented soap) in a basket that is wrapped in colorful cellophane. Jani has estimated the following unit sales of the standard gift basket for the rest of the year and for January of next year. September 250 October 200 November 230 December 380 January 100 Jani likes to have 5 percent of the next month’s sales needs on hand at the end of each month. This requirement was met on August 31. Two materials are needed for each fruit basket: Fruit 1 pound Small gifts 6 items The materials inventory policy is to have 5 percent of the next month’s fruit needs on hand and 30 percent of the next month’s production needs of small gifts. (The relatively low inventory amount for fruit is designed to prevent spoilage.) Materials…
Production Budget and Direct Materials Purchases Budget Jani Subramanian, owner of Jani's Flowers and Gifts,produces gift baskets for various special occasions.Each gift basket includes fruit or assorted small gifts(rg.,a coffee mug,deck of cards,novelty cocoa mixes,scented soap) in a basket that is wrapped in colorful cellophane. Jani has estimated the following unit sales of the standrad gift basket for the rest of the year and for January of next year. Jani likes to have 5% of thenext month's sales needs on hand at the end of each month.This required was met on August 31. Two materials are needed for each fruit basket: The materials inventory policy is tho have 5% of the next month's fruit needs on hand 30% of next month's production needs of small gifts.(The relatively low inventory amount for fruit is designed to prevent spoilage.)Materials inventory on august 31 met this company policy. Required: 1. Prepare a production budget for september,…
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