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Jung Corporation direct materials budget for third quarter

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The Jung Corporation's budget calls for the following production:Quarter 1 45,000 units Quarter 2 38,000 units Quarter 3 34,000 units Quarter 4 48,000 units. Each unit of production requires three pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 30 percent of that quarter's direct material requirements. Compute budgeted direct materials purchases for the third quarter.

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Solution Summary

Your tutorial is in Excel (click in cells to see computations). The first three quarters are completed for you. This is now a template to use for other problems.

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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