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(Solution Download) Micro Products, Inc., has developed a very powerful electronic calculator. Each calculator requires


 

 

 

 

 

 

 

Micro Products, Inc., has developed a very powerful electronic

 

calculator. Each calculator requires two small Ac?A?chipsAc??? that cost $9

 

each and are purchased from an overseas supplier. Micro Products

 

has prepared a production budget for the calculator by quarters for

 

Year 2 and for the first quarter of Year 3, as shown below:

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year 2

 

 

Year 3

 

FirstSecondThirdFourthFirst
  Budgeted production,

 

in calculators

60,00088,000154,00098,00071,000

 

     

 

 

 

 

 

 

 

 

    The chip used in production of the

 

calculator is sometimes hard to get, so it is necessary to carry

 

large inventories as a precaution against stockouts. For this

 

reason, the inventory of chips at the end of a quarter must equal

 

25% of the following quarterAc??cs production needs. A total of 30,000

 

chips will be on hand to start the first quarter of Year 2.

 

 

     

 

 

 

 

 

 

 

 

 

 

Required:

 

Prepare a direct materials budget for chips, by quarter and in

 

total, for Year 2. (Do not round intermediate calculations.

 

Input all amounts as positive values. Omit the "$" sign in your

 

response.)

 

 

     

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Micro Products, Inc.

 

Direct Materials Budget - Year 2

 

Quarter

 

FirstSecondThirdFourthYear
  Required production

 

in calculators

  Number of chips per

 

calculator

 

Af?   

 

 

Af?   

 

 

Af?   

 

 

Af?   

 

 

Af?   

 

  Production

 

needsAc???chips

  (Click to

 

select)AddDeduct: (Click to select)Ending inventoryBeginning

 

inventory

  
  Total needs
  (Click to

 

select)AddDeduct: (Click to select)Beginning inventoryEnding

 

inventory

  Required

 

purchasesAc???chips

  Total cost of

 

purchases

$$$$

 

$  

 


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