Prepare a direct materials budget. (round your answers to the nearest whole dollar.) damon manufacturing direct materials budget for the quarter ended march 31 month january february march quarter units to be produced 9791 9900 9200 2800 multiply by: quantity (pounds) of dm needed per unit 2 2 2 2 quantity (pounds) needed for production 19582 19800 18400 5600 plus: desired ending inventory of dm 3960 3680 total quantity (pounds) needed 23542 23480 less: beginning inventory of dm quantity (pounds) to purchase multiply by: cost per pound total cost of dm purchases

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.