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  1. business
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  3. white corporation's budget calls for the following

White Corporation's budget calls for the following sales for next year: Quarter 1 105,500 units...

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Accounting

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White Corporation's budget calls for the following sales for next year: Quarter 1 105,500 units Quarter 3 71,900 units Quarter 2 88,000 units Quarter 4 103,600 units Each unit of the product requires 4 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5% of that quarter's estimated sales requirements and an inventory of direct materials equal to 20% of that quarter's estimated direct materials requirements for production. Required: 1. Determine the production budget for the second quarter. 2. Determine the materials purchases budget for the second quarter. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine the materials purchases budget for the second quarter. 4 WHITE CORPORATION Budgeted Purchases of Direct Materials (In lbs.) 2nd Quarter Budgeted production 87,195 Direct materials (lbs.) per unit produced Direct materials needed in production 348,780 Desired ending inventory of direct materials (lbs.) 69,756 Total direct materials needed 418,536 Beginning inventory of direct materials 87,920 Budgeted purchases of direct materials (lbs.) 330,616

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