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ANSWER THE QUESTION PLZ. Question 2 London industries limited has the following information: 2012 July August September October November 20,000 16,000 18,000 22,000 30,000 19,200
ANSWER THE QUESTION PLZ.
Question 2 London industries limited has the following information: 2012 July August September October November 20,000 16,000 18,000 22,000 30,000 19,200 16,400 18,800 23,600 25,600 Each unit requires 6 pound of raw materials that are estimated to cost an average of $10 per pound. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 20% of the pounds needed for the following months production. There were 16,000 pounds of raw materials on hand at June 30, 2017 Instructions Foe the third quarter of 2017, prepare a direct materials budget. Jul August September Total Budget units to be produced Direct materials needed per unit Materials required for production Add: desired ending direct material Total material required Less: beginning direct materials Direct materials purchase Costs per pound - Total costs of direct materials purchaseStep by Step Solution
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