{"id":70619,"date":"2021-11-03T23:50:47","date_gmt":"2021-11-03T23:50:47","guid":{"rendered":"https:\/\/papersspot.com\/blog\/2021\/11\/03\/prepare-a-direct-material-purchase-budget-with-the-following-information\/"},"modified":"2021-11-03T23:50:47","modified_gmt":"2021-11-03T23:50:47","slug":"prepare-a-direct-material-purchase-budget-with-the-following-information","status":"publish","type":"post","link":"https:\/\/papersspot.com\/blog\/2021\/11\/03\/prepare-a-direct-material-purchase-budget-with-the-following-information\/","title":{"rendered":"Prepare a Direct Material Purchase Budget with the following information."},"content":{"rendered":"<p>Q.2 Prepare a Direct Material Purchase Budget with the following information. <br \/> Plastic is the only direct material used in Framecraft\u2019s picture frames. <br \/> Each picture frame required 8 ounces of plastic. <br \/> Framecraft\u2019s Purchasing Department has estimated the cost of the plastic used in the picture frames at $ 0.06 per ounce. <br \/> Assume that each quarter\u2019s desired units of ending direct materials inventory become the next quarter\u2019s desired units of beginning direct materials inventory. <br \/> Framecraft\u2019s desired level of ending direct materials inventory is 10 percent of the next quarter\u2019s budgeted production unit. <br \/> Beginning inventory of direct materials for the first quarter is 12000 whereas the ending direct material inventory for the fourth quarter is 20000. <br \/> Particulars <br \/> Quarter 1 <br \/> Quarter 2 <br \/> Quarter 3 <br \/> Quarter 4 <br \/> Year Total <br \/> Total Budgeted Production Units <br \/> 15000 <br \/> 30000 <br \/> 20000 <br \/> 25000 <br \/> 90000 <br \/> (2 Marks) <br \/> Answer <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q.2 Prepare a Direct Material Purchase Budget with the following information. Plastic is the only direct material used in Framecraft\u2019s picture frames. Each picture frame required 8 ounces of plastic. Framecraft\u2019s Purchasing Department has estimated the cost of the plastic used in the picture frames at $ 0.06 per ounce. Assume that each quarter\u2019s desired [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[16],"class_list":["post-70619","post","type-post","status-publish","format-standard","hentry","category-research-paper-writing","tag-accounting"],"_links":{"self":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/70619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/comments?post=70619"}],"version-history":[{"count":0,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/posts\/70619\/revisions"}],"wp:attachment":[{"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/media?parent=70619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/categories?post=70619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/papersspot.com\/blog\/wp-json\/wp\/v2\/tags?post=70619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}