Clic, IncProvides the Following Data for the Next Four Months

question 89

Essay

Clic, Inc.provides the following data for the next four months:
$\begin{array}{llllll}&\underline{\text { March }}& \underline{ \text { April } }& \underline{\text { May }} & \underline{ \text { June } } &\underline{ \text{ July } }\\\text { Unit sales } & & 500 & 580 & 530 & 600\\\text { Ending Raw Materials Inventory}&\text {663 lbs} \\\text { Ending Finished Goods Inventory}&\text { 174 units}\\\end{array}$ Desired ending inventory:
Raw materials = 30% of next month's production needs
Finished goods = 20% of next month's sales
Pounds of raw material required for each finished Unit = 5 lbs.
Direct labor hours per unit = 0.5 hrs
Direct labor rate = $12/hour
Required:
a.Calculate the budgeted production for April and May.
b.Calculate the amount of purchases of raw materials in pounds for April and May.
c.Calculate the cost of direct labor for May.

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Definitions:

Corporate Philanthropy

The act of a corporation donating a portion of their profits or resources to charitable causes.

Charitable Advertising

Advertising practices aimed at raising awareness and soliciting donations or support for charitable causes and organizations.

Philanthropic Marketing

Involves promotional strategies that aim to improve a company's image by supporting social causes, charities, or community events.

Corporate Philanthropy

Involves companies undertaking initiatives to promote welfare through donations and community involvement.