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2. Prepare a direct material budget (inkilograms) for geico compound, for the month of August....

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Accounting

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2. Prepare a direct material budget (inkilograms) for geico compound, for the month of August. (2 marks) Question 6 (12 marks) (a) Crydon Pty Ltd manufactures an advanced swim fin for scuba divers Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in preparing the budget: The Marketing Department has estimated sales as follows for the remainder of the year (in pairs of swim fins): The sell ing price of the swim fins is S50 pe r pair July August September 6,000 7,000 5,000 October November December 4,000 3,000 3,000 ii) The company maintains finished goods inventories equal to 10% of the following month's sales. The inventory of finished goods on July 1 will be 600 pairs. i Each pair of swim fins requires 2 kilograms of geico compound. To prevent shortages, the company would like the inventory of geico compound on hand at the end of each month to be equal to 20% of the following month's production needs. The inventory of geico compound on hand on July 1 will be 2,440 kilograms. Required 1. Prepare a production budget for each of the months July through September

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