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Ortiz Companys sales budget projects unit sales of part 198Z

Customer Question

Ortiz Company's sales budget projects unit sales of part 198Z of 10,900 units in January, 12,400 units in February, and 12,900 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $5 per pound. Ortiz Company desires its ending raw materials inventory to equal 30% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2010.



Prepare a production budget for January and February 2011. (Enter all amounts as positive amounts and subtract where necessary.)
ORTIZ COMPANY
Production Budget
For the Two Months Ending February 28, 2011

January February
Expected unit sales 10900 12400
Add: Desired ending finished goods inventory
2480
2580
Total required units 13380 14980
Less: Beginning finished goods inventory
2180
2480
Required production units
11200
12500







Incorrect.

Prepare a direct materials budget for January 2011. (Enter all amounts as positive amounts and subtract where necessary.)
ORTIZ COMPANY
Direct Materials Budget
For the Month Ending January 31, 2011

Units to be produced 11200
Direct materials pounds per unit
× 4
Total pounds needed for production 44800
Add: Desired pounds in ending materials inventory


Total materials required
Less: Beginning direct materials


Direct materials purchases
Cost per pound
× $ 5
Total cost of direct materials purchases
$
Submitted: 2 years ago.
Category: Finance
Expert:  Manal Elkhoshkhany replied 2 years ago.

Hello

 

Please click on the following link:

 

http://www.box.net/shared/sz391scmfmt3pdkdkig3

 

Regards,

Manal Elkhoshkhany, Tutor
Category: Finance
Satisfied Customers: 9340
Experience: More than 5000 online tutoring sessions.
Manal Elkhoshkhany and 2 other Finance Specialists are ready to help you
Customer: replied 2 years ago.

On Wednesday I have a big final exam. I really need help with this one and will give you a nice bonus. I PROMISE!!.. I will just send it to you. then in 3 weeks I have my final exam again and will give bonus again. Thanks

Expert:  Manal Elkhoshkhany replied 2 years ago.
Sure, is it going to be a timed one?
Customer: replied 2 years ago.
I am not sure, I just checked it but it doesn't give me any information until Wednesday. I will log on wednesday and check.thanks!

How can I let you know that it is timed or not? And if its timed when can I send you the test?

Thanks!
Expert:  Manal Elkhoshkhany replied 2 years ago.

ok yes you can, but when do you want me to meet you on Wednesday? Tell me the time in EST please, but anytime after 5:00 P.M

Customer: replied 2 years ago.
That sounds perfect. Wednesday at 6:30pm EST. Thank You! I truly appreciate it.
Expert:  Manal Elkhoshkhany replied 2 years ago.

No problem at all :)

 

Here is what I suggest:

 

 

  • 1) On the day of the assignment, make a new post and base your offer on the total number of questions that would be on the assignment. Please make sure to type "For BusinessTutor" at the beginning of your post, then type something like "Are you here?"..
  • 2) Do not open the assignment until I respond to your message, I will be here on time, but just in case anything happens I do not want us to waste valuable time.
  • 3) Once I respond to you, you can open the quiz, copy and paste all the questions into a word document then upload the word document into http://www.mediafire.com/ then copy and paste the share link on the post.
  • 4) I will work out all the questions and send you the solutions
Customer: replied 2 years ago.
Sounds good. Thanks
Expert:  Manal Elkhoshkhany replied 2 years ago.
Great

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