Zira Co. reports the following production budget for the next four months. April May 566 620 June July 598 578 Production (units) Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 453 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your Intermediate calculations and final answers to the nearest whole dollar amount.) Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost ZIRA CO. Direct Materials Budget For April, May, and June April 566 May 620 June 598 units
Zira Co. reports the following production budget for the next four months. April May 566 620 June July 598 578 Production (units) Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 453 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your Intermediate calculations and final answers to the nearest whole dollar amount.) Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost ZIRA CO. Direct Materials Budget For April, May, and June April 566 May 620 June 598 units
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter8: Budgeting For Planning And Control
Section: Chapter Questions
Problem 13CE: Nashler Company has the following budgeted variable costs per unit produced: Budgeted fixed overhead...
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