question archive Lucky Mart is in the process of preparing the budget for the first quarter of next year
Lucky Mart is in the process of preparing the budget for the first quarter of next year
Subject:AccountingPrice: Bought3
Lucky Mart is in the process of preparing the budget for the first quarter of next year. The following projections for sale units have been drawn: July 7.200 August 6.400 September 6.000 Sale Units Each finished unit requires three direct materials, 4 kg of material A, 2.5 kg of material B, and 2 kg of material C. Based on the policies of the Mart, the following estimates of closing inventories finished units and kgs of materials are computed for each month. Finished Units Direct Material A Direct Material B Direct Material C June 1.800 1,350 900 730 July 1,600 1.200 800 9140 August 1,500 1,125 750 820 September 1.400 1.050 700 850 Required: Prepare production and purchase budget on monthly basis and for the quarter year.
