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Sleep Master, Inc. manufactures bedding sets. The budgeted production is for 57,000 comforters in 2017. Each...

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Accounting

Sleep Master, Inc. manufactures bedding sets. The budgetedproduction is for 57,000 comforters in 2017. Each comforterrequires 6 yards of material. The estimated January 1, 2017,beginning inventory is 31,000 yards. The desired ending balance is27,000 yards of material. If the material costs $1.50 per yard,determine the materials budget for 2017.

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Material Budget for 2017:
Budgeted production a               57,000 Units
Material required per unit b                          6 yards
Materials required for production c=a*b           3,42,000 yards
Ending inventory of materials d               27,000 yards
Beginning inventory of materials e               31,000 yards
Material to be purchased f=c+d-e           3,38,000 yards
Material cost per unit g $               1.50
Total cost of materials purchased h=f*g $       5,07,000

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