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Anticipated sales for Safety Grip Company were 43,000 passenger car tires and 13,000 truck tires. Rubber and steel belts are used in producing passenger
Anticipated sales for Safety Grip Company were 43,000 passenger car tires and 13,000 truck tires. Rubber and steel belts are used in producing passenger car and truck tires as fo Passenger Car Truck Rubber 32 lbs. per unit 75 lbs. per unit Steel belts 7 lbs. per unit 18 lbs. per unit The purchase prices of rubber and steel are $3.70 and $4.80 per pound, respectively. The desired ending inventories of rubber and steel belts are 40,000 and 9,000 pounds, respecti beginning inventories for rubber and steel belts are 47,000 and 7,000 pounds, respectively. Prepare a direct materials purchases budget for Safety Grip Company for the year ended December 31, 2019. Safety Grip Company Direct Materials Purchases Budget For the Year Ending December 31, 20Y9 Pounds required for production: Passenger tires Truck tires Total pounds available Total units purchased Unit price Total direct materials to be purchased $X Rubber lbs. Steel Belts Total lbs. lbs. lbs. lbs. X S $ lbs.
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