Solution E10-21 and E10-26.pdf

Solution E10-21 and E10-26.pdf - EXERCISE 10-21(a CHINLEE...

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EXERCISE 10-21 (a) CHINLEE COMPANY Production Budget For the Six Months Ending June 30, 2017 ________________________________________________________________ Quarter 1 2 Total Expected unit sales 5,000 6,000 11,000 Add: Desired ending finished goods 1, 2 1,500 1,750 1,750 Total required units 6,500 7,750 12,750 Less: Beginning finished goods inventory 3 1,250 1,500 1,250 Required productions in units 5,250 6,250 11,500 1 6,000 × 25% 2 7,000 × 25% 3 5,000; 6,000 × 25% EXERCISE 10-21 (Continued) (b) CHINLEE COMPANY Direct Materials Budget For the Six Months Ending June 30, 2017 _______________ Quarter 1 2 Total Units to be produced 5,250 6,250 11,500 Direct materials per unit 3 3 3 Total required for production 15,750 18,750 34,500 Add: desired ending inventory 1, 2 7,500 8,640 8,640 Total materials required 23,250 27,390 43,140 Less: beginning inventory 3 6,300 7,500 6,300 Direct materials purchases 16,950 19,890 36,840 Cost per kilogram
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