How cost per pound her is 1.0677? Regarding "Sprinkler Corporation produces plastic garden sprinklers. The company is preparing its budget for 2015. The first step is to plan for the first quarter of that coming year. Sprinkler has collected the following information from the managers." Group Project

(c) Prepare a Direct Materials Purchase Budget Sprinkler Corporation Direct Materials Budget For the First Quarter of 2015 Quarter January February March Units to be produced 112,950 112,850 116,900 Direct material per Unit 2 2 2 Total Pound needed 225,900 225,700 233,800 Add:Ending Direct material 11,285 11,690 12,625 Total material required 237,185 237,390 246,425 Less:Beginning Direct material 11,295 11,285 11,690 Direct material Purchases 225,890 226,105 234,735 Cost per pound 1.0677 1.0677 1.0677 Total cost of direct material Purchases 241,190.00 241,419.56 250,634.09 Accounts payable on December 31, 2014 120,595 To Accounts payable 241,190 Price Per Pound 1.0677