Need to create three direct material budgets please. ...

60.1K

Verified Solution

Question

Accounting

Need to create three direct material budgets please.
image
image
image
image
image
only use the first two photos and the last photo, as the other two are blurry.
4. There are three types of raw material used in the production of Rooster Pull Toys. Plastic #25 (P#25) is a very compact material that is purchased in powder form. Each Rooster Pull Toy requires 0.4 kilograms of P#25, at a cost of $30.00 per kilogram. This is an increase of $6.00 from 2019. The supplier of P#25 tends to be somewhat erratic so Toys4U finds it necessary to maintain an inventory balance equal to 50% of the following month's production needs as a precaution against stock-outs. A wooden wheel assembly is purchased in kit form, and is attached during the assembly process. For a small premium, Toys4U has made a JIT agreement with the supplier which includes on-time and quality assurances. Each Rooster Pull Toy uses two kits, which cost $1.80 each. The final component for the toy is a length of sisal rope which is used to pull the toy along the ground or floor. The rope is supplied by a student entrepreneur, who must be paid in cash. On the first day of every month she delivers exactly the right amount to manufacture the budgeted number of units for that month. It costs $1.00 per meter and Toys4U uses 0.6 meters for each Rooster Pull Toy. Toysucre Production Budget Bu sinni 42 mbegning of 4 Required Production goods Toys Corp Production Budget nded December 1, 2010 For the e 100 DOO 6,250 12000 19 Buderend unit 40 A d edigiw. shed goods 41 Total needs 42 begin . of finished goods 4 Required Production 3.750 10.000 100.000 Top Au Corp Schedule of Expected Cash Collection For the yewended December 11, 2010 ART 178.210 112,800 209475 23.500 112,100 22.500 22 Apr 32,800 187,500 14,250 37,500 17.000 75.000 375.000 47.500 25.000 375.000 47.500 25 Ml 26 Aug 71,750 37,500 412.500 os 248,750 248,750 547,250 2.500 562,500 52.250 7 .000 216,275 340.250 224250 426.750 473,350 422509 3 10,000 2222 500 473.250 660 750 Toys 4U Corp. Production Budget For the year ended December 31, 2020 39 Budgeted es in units 40 Add desired and of the good 42 Less: beginning inv. of finished goods 43 Required Production 4. There are three types of raw material used in the production of Rooster Pull Toys. Plastic #25 (P#25) is a very compact material that is purchased in powder form. Each Rooster Pull Toy requires 0.4 kilograms of P#25, at a cost of $30.00 per kilogram. This is an increase of $6.00 from 2019. The supplier of P#25 tends to be somewhat erratic so Toys4U finds it necessary to maintain an inventory balance equal to 50% of the following month's production needs as a precaution against stock-outs. A wooden wheel assembly is purchased in kit form, and is attached during the assembly process. For a small premium, Toys4U has made a JIT agreement with the supplier which includes on-time and quality assurances. Each Rooster Pull Toy uses two kits, which cost $1.80 each. The final component for the toy is a length of sisal rope which is used to pull the toy along the ground or floor. The rope is supplied by a student entrepreneur, who must be paid in cash. On the first day of every month she delivers exactly the right amount to manufacture the budgeted number of units for that month. It costs $1.00 per meter and Toys4U uses 0.6 meters for each Rooster Pull Toy. Toysucre Production Budget Bu sinni 42 mbegning of 4 Required Production goods Toys Corp Production Budget nded December 1, 2010 For the e 100 DOO 6,250 12000 19 Buderend unit 40 A d edigiw. shed goods 41 Total needs 42 begin . of finished goods 4 Required Production 3.750 10.000 100.000 Top Au Corp Schedule of Expected Cash Collection For the yewended December 11, 2010 ART 178.210 112,800 209475 23.500 112,100 22.500 22 Apr 32,800 187,500 14,250 37,500 17.000 75.000 375.000 47.500 25.000 375.000 47.500 25 Ml 26 Aug 71,750 37,500 412.500 os 248,750 248,750 547,250 2.500 562,500 52.250 7 .000 216,275 340.250 224250 426.750 473,350 422509 3 10,000 2222 500 473.250 660 750 Toys 4U Corp. Production Budget For the year ended December 31, 2020 39 Budgeted es in units 40 Add desired and of the good 42 Less: beginning inv. of finished goods 43 Required Production

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