Cari Furniture has the following information in respect of Coffee tables for 2021: Production specifications: Beginning Target Ending Inventory Inventory Direct Materials: Particle board 20,000 b.f....



Prepare the following budgets for 2021:


 Direct Material Purchases Budget




Cari Furniture has the following information in respect of Coffee tables for 2021:<br>Production specifications:<br>Beginning<br>Target Ending<br>Inventory<br>Inventory<br>Direct Materials:<br>Particle board<br>20,000 b.f.<br>18,000 b.f.<br>Teak<br>25,000 b.f.<br>22,000 b.f.<br>Finished goods<br>Coffee tables<br>5,000 units<br>3,000 units<br>Revenue expected for 2021 are:<br>Selling price<br>$392 per table<br>Units sold<br>52,000 coffee tables<br>Each coffee table requires 9.00 b.f. of particle board and 10.00 b.f. of Teak.<br>Costs for 2020 and expected for 2021<br>include:<br>2020<br>2021<br>Particle board (per b.f.)<br>$ 3.90<br>$ 4.00<br>Teak (per b.f.)<br>$ 5.80<br>$ 6.00<br>Laminating labor (per hour)<br>$24.00<br>$25.00<br>Machining labor (per hour)<br>$29.00<br>$30.00<br>

Extracted text: Cari Furniture has the following information in respect of Coffee tables for 2021: Production specifications: Beginning Target Ending Inventory Inventory Direct Materials: Particle board 20,000 b.f. 18,000 b.f. Teak 25,000 b.f. 22,000 b.f. Finished goods Coffee tables 5,000 units 3,000 units Revenue expected for 2021 are: Selling price $392 per table Units sold 52,000 coffee tables Each coffee table requires 9.00 b.f. of particle board and 10.00 b.f. of Teak. Costs for 2020 and expected for 2021 include: 2020 2021 Particle board (per b.f.) $ 3.90 $ 4.00 Teak (per b.f.) $ 5.80 $ 6.00 Laminating labor (per hour) $24.00 $25.00 Machining labor (per hour) $29.00 $30.00

Jun 09, 2022
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