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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.
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 lbStep by Step Solution
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