Direct Materials Purchases Budget

Anticipated sales for Solid Grip Company were $60,000$ passenger car tires and $18,000$ truck tires. Rubber and steel belts are used in producing passenger car and truck tires as follows:

Passenger Car Truck

Rubber $33$ lb$.$ per unit $77$ lb$.$ per unit

Steel belts $6$ lb$.$ per unit $15$ lb$.$ per unit

The purchase prices of rubber and steel are $$3\mathrm{.}30$ and $$4\mathrm{.}30$ per pound, respectively. The desired ending inventories of rubber and steel belts are $56,000$ and $12,000$ pounds, respectively. The estimated beginning inventories for rubber and steel belts are $66,000$ and $10,000$ pounds, respectively.

Prepare a direct materials purchases budget for Solid Grip Company for the year ended December $31,20$Y$8.$ When required, enter unit prices to the nearest cent.

Solid Grip Company

Direct Materials Purchases Budget

For the Year Ending December $31,20$Y$8$

Rubber Steel Belts Total

Pounds required for production:

Passenger tires fill in the blank $1$

lb$.$ fill in the blank $2$

lb$.$

Truck tires fill in the blank $3$

fill in the blank $4$

$-$ Select $-$

$-$ Select $-$

Total pounds required fill in the blank $8$

lb$.$ fill in the blank $9$

lb$.$

$-$ Select $-$

$-$ Select $-$

Total pounds to be purchased fill in the blank $13$

lb$.$ fill in the blank $14$

lb$.$

Unit price $($per pound$)$ x $fill in the blank $15$

x $fill in the blank $16$

Total direct materials to be purchased $fill in the blank $17$

$fill in the blank $18$

$fill in the blank $19$

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