Direct Materials Purchases Budget Langer Company produces plastic items, including plastic housings for humidifiers. Each...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Direct Materials Purchases Budget Langer Company produces plastic items, including plastic housings for humidifiers. Each housing requires about 15 ounces of plastic costing $0.1 per ounce. Langer molds the plastic into the proper shope. Langer has budgeted production of the housings for the next 4 months as follows: Inventory policy requires that sufficient plastic be in ending monthly inventory to satisly 30 is of the foliowing month's production needs. The inventory of plestic at the beginning of July equals exactly the amount needed to satisfy the inventory policy. Regulred: Prepare a direct materials purchases budget for July, August, and September, showing purchases in units and in doliars for each month and in total. If required, round the total purchase cost to nearest whole value. Prepare a direct materials purchases budget for July, August, and September, showing purchases in units and in dollars for each month and in total. If required, round the total purchase cost to nearest whole value
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
