Sleep Master, Inc. manufactures bedding sets. The budgeted
production is for 57,000 comforters in 2017. Each...
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Accounting
Sleep Master, Inc. manufactures bedding sets. The budgetedproduction is for 57,000 comforters in 2017. Each comforterrequires 6 yards of material. The estimated January 1, 2017,beginning inventory is 31,000 yards. The desired ending balance is27,000 yards of material. If the material costs $1.50 per yard,determine the materials budget for 2017.
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Material Budget for 2017:
Budgeted
production
a
57,000
Units
Material
required per unit
b
6
yards
Materials
required for production
c=a*b
3,42,000
yards
Ending
inventory of materials
d
27,000
yards
Beginning
inventory of materials
e
31,000
yards
Material to
be purchased
f=c+d-e
3,38,000
yards
Material
cost per unit
g
$
1.50
Total cost of materials purchased
h=f*g
$
5,07,000
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