80.2K

Verified Solution

Link Copied!

Please show step by step they go together

Ti-103 15,000 8,000 17,000 10,000 Tii-104 No changes in selling prices are anticipated. Instructions Prepare a sales budget for the 2 quarters ending June 30, 2018. List the products and show for each quarter and for the 6 months, units, selling price, and total sales by product and in total 02. Prepare production and direct materials budgets by quarters for 6 months. On January 1, 2018, the Hardin Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2018. Sales units: First quarter 6,000; second quarter 7,000; third quarter 8,000. Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 25% of the next quarter's expected sales units. Third-quarter production: 8,200 units. . he ending raw materials and finished goods inventories at December 31, 2017, follow the same percentage relationships to production and sales that occur in 2018. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $3 per pound. Instructions Prepare a production budeet by quarters for the s The ending raw materials and finished goods inventories at December 31, 2017, follow the same percentage relationships to production and sales that occur in 2018. Three pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $3 per pound. Instructions Prepare a production budget by quarters for the 6-month period ended June 30, 2018 (15pts) Q3. Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2018 (15Pts)

Answer & Explanation Solved by verified expert

See Answer