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Required: 1. Determine Empire Polymer Development's production budget (in gallons) for the three products...

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Accounting

Required:
1. Determine Empire Polymer Development's production budget (in gallons) for the three products for 20x2.
2. Determine Empire Polymer Development's conversion cost budget for 20x2.
3. Assuming the 20x1 usage of Islin is 245,000 gallons, determine the companys raw-material purchases budget (in dollars) for Islin for 20x2.
4-a. Assume that for 20x2 production, Empire Polymer Development's could replace the raw material Islin with the raw material Philin. The usage of Philin would be the same as the usage of Islin. However, Philin would cost 20 percent more than Islin and would cut production times on all three products by 10 percent. Compare cost of using Philin over using Islin.
4-b. Which raw material should the management use for the 20x2 production?
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