Bonita Company’s sales budget projects unit sales of part 198Z of 9,000 units in January, 10,600 units in February, and

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Bonita Company’s sales budget projects unit sales of part
198Z of 9,000 units in January, 10,600 units in
February, and 11,900 units in March. Each unit of part
198Z requires 4 pounds of materials, which cost
$2 per pound. Bonita Company desires its ending raw
materials inventory to equal 40% 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, 2021.
(a)
Prepare a production budget for January and February 2022.
BONITA COMPANY
Production Budget
choose the accounting period




For the Month Ending January 31,
2022For the Two Months Ending February 28, 2022For the Quarter
Ending February 28, 2022
January
February
select an opening production budget item




Cost Per PoundDesired
Pounds in Ending Materials InventoryBeginning Finished Goods
InventoryDesired Ending Finished Goods InventoryBeginning Direct
MaterialsDirect Materials PurchasesDirect Material Pounds Per
UnitTotal Required UnitsTotal Pounds Needed for ProductionRequired
Production UnitsTotal Materials RequiredTotal Cost of Direct
Materials PurchasesExpected Unit SalesUnits To Be Produced
enter a number of units
enter a number of units
select between addition and deduction




AddLess: select an
item




Total Required UnitsDesired Ending Finished Goods
InventoryCost Per PoundTotal Cost of Direct Materials
PurchasesDesired Pounds in Ending Materials InventoryBeginning
Direct MaterialsTotal Pounds Needed for ProductionRequired
Production UnitsDirect Materials PurchasesDirect Material Pounds
Per UnitUnits To Be ProducedBeginning Finished Goods
InventoryExpected Unit SalesTotal Materials Required
select a summarizing line for the first part




Total Cost of Direct
Materials PurchasesRequired Production UnitsDesired Pounds in
Ending Materials InventoryTotal Required UnitsTotal Materials
RequiredTotal Pounds Needed for ProductionDirect Material Pounds
Per UnitDirect Materials PurchasesDesired Ending Finished Goods
InventoryUnits To Be ProducedBeginning Direct MaterialsExpected
Unit SalesCost Per PoundBeginning Finished Goods Inventory
enter a total number of units for the first part
enter a total number of units for the first part
select between addition and deduction




AddLess: select a production
budget item




Direct Material Pounds Per
UnitDirect Materials PurchasesTotal Pounds Needed for
ProductionBeginning Direct MaterialsCost Per PoundDesired Ending
Finished Goods InventoryRequired Production UnitsTotal Materials
RequiredUnits To Be ProducedTotal Required UnitsTotal Cost of
Direct Materials PurchasesBeginning Finished Goods InventoryDesired
Pounds in Ending Materials InventoryExpected Unit Sales
select a closing production budget item




Desired Ending Finished Goods
InventoryTotal Pounds Needed for ProductionExpected Unit SalesTotal
Materials RequiredBeginning Direct MaterialsTotal Required
UnitsDirect Material Pounds Per UnitCost Per PoundDesired Pounds in
Ending Materials InventoryBeginning Finished Goods InventoryTotal
Cost of Direct Materials PurchasesUnits To Be ProducedDirect
Materials PurchasesRequired Production Units