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2. Zira Co. reports the following production budget for the next four months. April May June July Production (units) 656 710 688 668 Each finished

2. Zira Co. reports the following production budget for the next four months.

April May June July
Production (units) 656 710 688 668

Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next months production needs. Beginning raw materials inventory for April was 1,181 pounds. Assume direct materials cost $5 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.)

ZIRA CO.
Direct Materials Budget
For April, May, and June
April May June
Budgeted production (units) 656 710 688 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

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