Clic,IncProvides the Following Data for the Next Four Months Desired Ending Inventory:
Raw Materials = 30% of Next Month's

question 32

Essay

Clic,Inc.provides the following data for the next four months:
$\begin{array}{llllll}&\text { March }&\text {April }&\text {May }&\text {June }&\text {July }\\\text { Unit Sales } & & 500 & 580 & 530 & 600 \\\text { Ending Raw Materials Inventory } & 663 \mathrm{lbs} & & & & \\\text { Ending Finished Goods Inventory } & 174 \text { units } & & & &\end{array}$

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:

Oxygen-Hemoglobin Dissociation Curve

A graph showing the relationship between the oxygen saturation of hemoglobin and the partial pressure of oxygen in the blood.

pH

A scale used to specify the acidity or basicity of an aqueous solution, ranging from 0 to 14, where 7 is neutral.

Bicarbonate Ion

A crucial buffer ion (HCO3-) in the blood, responsible for maintaining the body's acid-base balance, it is also involved in transporting carbon dioxide out of tissues.

Plasma

The liquid component of blood that carries cells and proteins throughout the body.