Micro Products, Inc., has developed a very powerful electronic
calculator. Each calculator requires two small Ac?A?chipsAc??? that cost $9
each and are purchased from an overseas supplier. Micro Products
has prepared a production budget for the calculator by quarters for
Year 2 and for the first quarter of Year 3, as shown below:
| Budgeted production,|
The chip used in production of the
calculator is sometimes hard to get, so it is necessary to carry
large inventories as a precaution against stockouts. For this
reason, the inventory of chips at the end of a quarter must equal
25% of the following quarterAc??cs production needs. A total of 30,000
chips will be on hand to start the first quarter of Year 2.
Prepare a direct materials budget for chips, by quarter and in
total, for Year 2. (Do not round intermediate calculations.
Input all amounts as positive values. Omit the "$" sign in your
Micro Products, Inc.
Direct Materials Budget - Year 2
| Required production|
| Number of chips per|
| (Click to|
select)AddDeduct: (Click to select)Ending inventoryBeginning
| (Click to|
select)AddDeduct: (Click to select)Beginning inventoryEnding
| Total cost of|
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