Preparing production budget and direct materials budget The sales department of P. Gillen Manufacturing Company has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1 . 3,000 units Finished goods inventory required, March 31 1,000 units Materials used in production: Required
Inventory Inventory Standard
March 1 March 31 Cost
A (one gallon per unit) . . . . . . . . . . . . . . 500 gal 1,000 gal $2 per gal
B (one pound per unit) . . . . . . . . . . . . . . 1,000 lb 1,000 lb $1 per lb
Prepare the following:.
a. A production budget for March (in units).
b. A direct materials budget for the month (in units and dollars).

Production budget = 18,000 units

Material budget(units) :

Material A    = 18,500 gallons

Material B =   18,000 pounds

Material budget($)        $36,500

Explanation:

The production budget = Sales + closing inventory - opening inventory

                 = 20,000 + 1000 - 3000= 18,000 units.

Production budget = 18,000 units

Material budget(units) :

Material budget = Material usage + closing inventory - opening inventory

Material A    =( 18,000× 1 ) + 1000- 500= 18,500 gallons

Material B =     (18,000× 1)  + 1000 - 1000 = 18,000 pounds

Material budget($) :

Material A =  18,500 gallons × $2 per gallon =  $18,500

Material B =  18,000 pounds × $1 per pound =   $18,000

Total                                                                       $36,500

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the "study of metals and the process of refining ("

note that it says metal. metallurgy has the word "metal" in it, and so is most likely your answer (and is your answer).

~

and whats your questoin