Lens & Shades has required production of 21,300 units in January and 19,700 in February. Each lens consists of 2.00 CM of plastic costing $2.50 per CM and 1.70 ounces of dye costing $2.80 per ounce. Desired inventory levels are: Jan. Feb. Mar. Beginning Inventory: Finished Goods (units) 3,500 3,800 4,500 DM - Plastic (millimeter) 4,100 4,500 4,600 DM - Solution (ounces) 10,100 11,300 12,200 PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234) - no labels. All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units, pounds, cm, ounces, or dollars), which are rounded to two decimal places and shown with "$" and commas as
2. Lens & Shades has required production of 21,300 units in January and 19,700 in February. Each lens consists of 2.00 CM of plastic costing $2.50 per CM and 1.70 ounces of dye costing $2.80 per ounce. Desired inventory levels are:
| Jan. | Feb. | Mar. | |
| Beginning Inventory: | |||
| Finished Goods (units) | 3,500 | 3,800 | 4,500 |
| DM - Plastic (millimeter) | 4,100 | 4,500 | 4,600 |
| DM - Solution (ounces) | 10,100 | 11,300 | 12,200 |
PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234) - no labels. All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units, pounds, cm, ounces, or dollars), which are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56) - no labels.
| Cost per CM |
Desired Ending Inventory |
DM per Unit |
| Ounces Needed for Production | Required DM Ounces | CMs Needed for Production |
| Units to be Produced |
Total Cost of DM Purchase |
Required DM CMs |
| Beginning Inventory |
Cost per Ounce |
Total DM Required |
Using the information above, along with the terms above, prepare a direct materials (DM) budget for plastic for the the two months of January and February
| Lens & Shades | ||
| Direct Materials (DM) Budget - Plastic | ||
| For the Two Months Ending Feb. 28, 2019 | ||
| January | February | |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| Total DM - Plastic for Two Months | X | ? |
Using the information above, along with the terms above, prepare a direct materials (DM) budget for dye for the the two months of January and February (use the format shown in the textbook):
| Lens & Shades | ||
| Direct Materials (DM) Budget - Dye | ||
| For the Two Months Ending Feb. 28, 2019 | ||
| X | January | February |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| ? | ? | ? |
| Total DM - Dye for Two Months | X | ? |
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
