Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Can you show me how to calculate all the work? Zira Co. reports the following production budget for the next four months. April 622 May
Can you show me how to calculate all the work?
Zira Co. reports the following production budget for the next four months. April 622 May Production (units) June 656 July 636 650 Each finished unit requires six 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 746 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.) Answer is not complete. ZIRA CO. Direct Materials Budget For April, May, and June April May 622 650 6 6 3,732 3,900 June 656 units 6 lbs. 3,936 lbs. 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 746 780 787 lbs. 4 4 4 per lbStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started