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complete the direct materials and production budget for the first quarter of the year. This is all the information I have. Please help. Direct Materials
complete the direct materials and production budget for the first quarter of the year.
This is all the information I have. Please help.
Direct Materials Budget First Quarter March Total April January February 1. 2. 3. Units to be produced 11,800 Direct materials per unit 3 3 3 3 4. 5. 6. Total pounds needed 35.400 + 7. 8. 9. Desired ending direct material 10. 11. 12. Total materials required 13. 14. 15. Less: Beg, direct materials 16. 17. 18. Direct material purchases Cost per pound 19. 20. 21. Total costs They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 8,640 pounds of raw materials on hand at December 31, 2016Step by Step Solution
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