Glaziers Professional Corp. manufactures customized frames forpictures and certificates. Sales for August are expected...

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Accounting

Glaziers Professional Corp. manufactures customized frames forpictures and certificates. Sales for August are expected to be10,000 units of various sizes. The average frame requires:
Wood: 4 metres
Glass: One square metre
Backing: Two square metres
Beginning inventory includes 1,500 metres of framing, 500 squaremetres of glass, and 500 square metres of backing. Current pricesare $0.30 per metre for framing, $6.00 per square metre for glass,and $2.25 per square metre of backing. Ending inventory should be150% of beginning inventory. Purchases are paid for in the samemonth acquired.
Required:
a) Determine the quantity of framing, glass, and backingrequired to be purchased in August.
b) Determine the total costs of direct materials for Augustpurchases.

Answer & Explanation Solved by verified expert

4.2 Ratings (616 Votes)

a Purchase quantity Materials requirements for 10000 units Ending inventory Beginning inventory 1 Calculation of materials requirement for 10000 units For an average frame For 10000 units woodframing 4 metres 410000 40000 metres Glass 1 See Answer

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In: AccountingGlaziers Professional Corp. manufactures customized frames forpictures and certificates. Sales for August are expected to...Glaziers Professional Corp. manufactures customized frames forpictures and certificates. Sales for August are expected to be10,000 units of various sizes. The average frame requires:Wood: 4 metresGlass: One square metreBacking: Two square metresBeginning inventory includes 1,500 metres of framing, 500 squaremetres of glass, and 500 square metres of backing. Current pricesare $0.30 per metre for framing, $6.00 per square metre for glass,and $2.25 per square metre of backing. Ending inventory should be150% of beginning inventory. Purchases are paid for in the samemonth acquired.Required:a) Determine the quantity of framing, glass, and backingrequired to be purchased in August.b) Determine the total costs of direct materials for Augustpurchases.