Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. kingbird industries has adopted the following prod

Kingbird Industries has adopted the following production budget for the four quarters of 2022: Quarter...

90.2K

Verified Solution

Question

Accounting

image

Kingbird Industries has adopted the following production budget for the four quarters of 2022: Quarter 3 Quarter 1 5,800 Quarter 2 7,800 Quarter 4 10.000 Units 9,100 Each unit requires 4 kg of raw materials costing $6 per kilogram. On December 31, 2021, the ending raw materials inventory was 1.740 kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the first quarter of 2023 will be 12.200 units. Prepare a direct materials purchases budget by quarters for 2022 KINGBIRD INDUSTRIES Direct Materials Purchases Budget (kg) For the year ending December 31, 2022 Quarter 3

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students