The production departiment of Zon Corpocation has submated the following forecast of units to be...
50.1K
Verified Solution
Question
Accounting
The production departiment of Zon Corpocation has submated the following forecast of units to be produced by quarter for the upcoming fiscal yesr: in adanion, 42.000 grams of tow materials inventory is on hand at the start of the fst Quarter and the beginning occounts payable for the 1st Cuarter is $8,600. Each unitrequires 7 giansi of row moterial that cests $180 per gram Management desires to end each quarter wht an inventory of row materials equal to 25% of the following quarters production needs. The desired ending inventory for the 4 th Quarter is 5,000 requires 040 direct thbor hourt hnd ortet laborets are paid $1250 per hour Required: tand 2 . Calculate she estimated grams of raw material thet need to be purchased and the cost of raw material purchases for each? quater and for the year as a whole a. Caiculate the expected ceth ditbutsements for purchases of materisls for each quarter and for the year as a whole 4. Calculate the estimated diect labor codt for each quarter ond for the yeat as a whole: Complete this question by entering your answers in the tals below. Caiculate the estimated grams of ram material that need to be purchased and the coit of raw material purchases for each quarter and for the vear as a whole. The production departmect of 2 an Corpocation bas submimed the following forecast of unts to be produced by quarter for the uoconing fiscal yest In sddition, 42,000 grams of raw mutenais inventory is on hand it the start of the tar Cuanter and the beginning accounts payabie for the tist Quertec is $8600 Each unt requives 7 glams of row material that costs $180 pec gram, Manogement desires to end each querter with an imventory of raw materials equal to 25K of the foliowing cuarter's production needs. The desired ending inventory for the dth ouarter is 5.000 requires 0.40 dirtet tabor-bours and direct laborers are pold $12.50 per heut. Required: 1 and 2 . Caiculate the estimated grams of rew mateciai that need to be purchased and the cost of raw inotersal purchases for each quartec and for the yoar as a whole. 3. Caiculate be expected canh osoursements for purchases of materials for each quanter and for the year as a whole 4 Calculate the estimated direct labor cout for each quarter and for the year as a whole. Consplete this question by entering your answers in the tabs below. The production department of Zan Corporation nos submited the following forecast of units to be produced by quarter for the upcoming tiscal yeer In addition, 42.000 grams of raw moterials inventory is on hand ot the stan of the ist Quarter and the beginning occounts payable for the ist Quarter is $8,600. Each unit tequires 7 grams of tow matenal that costs $180 per gram. Management desires to end esch quarter with an linventory of iaw matertels equat to 25s of the following quarter's production needs. The desired ending inventory for the 4 th Quarter is 5,000 prams. Martegement plans to pay for 60 s of raw matersal purchases in the quarter acquired and 40% in the foliowing quarter. fach unit requires 0.40 direct laborhours and direct laborers are paid $12.50 per hout. Required: 1 and 2. Calculase the entimated grams of raw materiel that need to be purchased and the cost of raw materiel purchases for each quarter end foc the year as o whoce 3 Cakuiate the expected cash disbursements for puechases of materiass for each quarter and for the year as a whole 4 Caculate the entimated dorect isbor cont for each quarter and for the year as a whole. Complete this question by enterinu your answers in the tabs thetow. Calculate the expected cash dabursements for purchases of materials for each quarter and for the year as a whole



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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.