11Two Months Ended January 31 and February 28Direct materials (pounds) per unitDirect materials needed for productionPlus:Total direct materials neededLess:1913 DUVAY-Budgeted purchases of direct materialsDirect materials cost per poundBudgeted cost of direct materials purchasesS2JanuaryAPPARBBBBBBBFebruaryBBBBASANTEBAOBABBARBERARESTATUSS Yosko expects to produce 1,850 units in January and 2,140 units in February. The company budgets three pounds per unit of direct materials at a cost of $15 per pound. Indirectmaterials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5,300 pounds. Yoskodesires the ending balance in Raw Materials Inventory to be 80% of the next month's direct materials needed for production. Desired ending balance for February is 4,300 pounds.Prepare Yosko's direct materials budget for January and February.Begin by preparing the direct materials budget for January and February through total direct materials needed line and then complete the budget by calculating the budgeted costof direct materials purchases.Yosko CompanyDirect Materials BudgetTwo Months Ended January 31 and February 28Direct materials (pounds) per unitDirect materials needed for productionPlus:Total direct materials neededI assDodJanuary February

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Two Months Ended January 31 and February 28 Direct materials (pounds) per unit Direct materials needed for production Plus: Total direct materials needed Less: muturing Lunyut Budgeted purchases of direct materials January February ANNIVE

Two Months Ended January 31 and February 28 Direct materials (pounds) per unit Direct materials needed for production Plus: Total direct materials needed Less: muturing Lunyut Budgeted purchases of direct materials January February ANNIVE

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 3PB: TIB makes custom guitars and prepared the following sales budget for the second quarter It also has...

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One Device makes universal remote controls and expects to sell 500 units in January, 800 in February, 450 in March, 550 in April, and 600 in May. The required ending inventory is 20% of the next months sales. Prepare a production budget for the first four months of the year.
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