Direct materials purchases budget

Anticipated sales for Safety Grip Company were $61,000$ passenger car tires and $18,000$ truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows:

$\backslash$table$[[,$Passenger Car,Truck$],[$Rubber$,34$ lbs$.$ per unit,$79$ lbs$.$ per unit$],[$Steel belts,$3$ lbs$.$ per unit,$8$ lbs$.$ per unit$]]$

The purchase prices of rubber and steel are $$2\mathrm{.}90$ and $$3\mathrm{.}80$ per pound, respectively. The desired ending inventories of rubber and steel belts are $57,000$ and $12,000$ pounds, respectively. The estimated beginning inventories for rubber and steel belts are $67,000$ and $10,000$ pounds, respectively.

Prepare a direct materials purchases budget for Safety Grip Company for the year ended December $31,20Y9.$

Safety Grip Company

Direct Materials Purchases Budget

For the Year Ending December $31,20$ Y$9$

Line Item Description

Pounds required for production:

Passenger tires

Truck tires

Total pounds available

Total units purchased

Unit price

Total direct materials to be purchased

Rubber

Steel Belts

Total

lbs$.$ Ibs.

$|)/(||)$

$\backslash$table$[[$lbs$.],[]]$

Ibs.

Ibs.

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