Question
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,230 March 5,410 February 8,150
DeWitt Industries has adopted the following production budget for the first 4 months of 2020.
| Month | Units | Month | Units | |||
|---|---|---|---|---|---|---|
| January | 10,230 | March | 5,410 | |||
| February | 8,150 | April | 4,500 |
Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 6,138 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next months production requirements. Prepare a direct materials purchases budget by month for the first quarter.
| DEWITT INDUSTRIES Direct Materials Purchases Budget choose the accounting period For the Month Ending March 31, 2020March 31, 2020For the Quarter Ending March 31, 2020 | |||||||
|---|---|---|---|---|---|---|---|
| January | February | March | |||||
| select an opening materials purchases budget item Cost Per PoundTotal Cost of Direct Materials PurchasesTotal Required Direct Labor HoursTotal Materials RequiredDirect Materials Per UnitDirect Labor Cost Per HourUnits to be ProducedDirect Labor Time Per UnitBeginning Direct Materials (Pounds)Total Pounds Needed for ProductionDirect Materials PurchasesDesired Ending Direct Materials (Pounds)Total Direct Labor Cost | enter a number of units | enter a number of units | enter a number of units | ||||
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The Practice Of Statistics
Authors: Daren S. Starnes, Josh Tabor
6th Edition
9781319113339
