The Tobler Corporation has budgeted production for next year as follows: Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,000 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. Budgeted purchases of raw materials in the third quarter would be:

Question

The Tobler Corporation has budgeted production for next year as follows:  Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,000 pounds. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. Budgeted purchases of raw materials in the third quarter would be:

Quizplus · Accepted Answer

Direct Materials Budget
 11eacbfc_c5d5_5168_8ffe_058120f8da45_TB7552_00

The Tobler Corporation Has Budgeted Production for Next Year as Follows