Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

IMPORTANT: Please show calculations for support. Zira Co. reports the following production budget for the next four months. 0.83 points April May Production (units) 516

IMPORTANT: Please show calculations for support.

image text in transcribed

Zira Co. reports the following production budget for the next four months. 0.83 points April May Production (units) 516 570 June July 548 528 eBook Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 619 pounds. Assume direct materials cost $4 per pound. Hint Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Print References ZIRA CO. Direct Materials Budget For April, May, and June April 516 4 May 570 4 June 548 units 4 lbs. Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost (619) lbs. 4 $ 4 $ 4 per lb

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Prescription Audit And Client Satisfaction A Health Service Research Study Based On Outdoor Patients

Authors: Amitabha Chattopadhyay

1st Edition

3843355541, 978-3843355544

More Books

Students also viewed these Accounting questions