Answered step by step
Verified Expert Solution
Question
1 Approved Answer
IMPORTANT: Show calculations for support. It is my second time submitting this question. The first time, I received back the problem with all the red
IMPORTANT: Show calculations for support. It is my second time submitting this question. The first time, I received back the problem with all the red x's incorrect.
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 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. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) X Answer is complete but not entirely correct. June 570 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 Ib. Total budgeted direct materials cost ZIRA CO. Direct Materials Budget For April, May, and June April May 516 4 2,064 2,280 171X 165 X 2,235 x 2,445 X (619) 0% 1,616 X 2,445 4 $ 6,464 $ 9,780 548 units 4 lbs. 2,192 lbs. 159 lbs 2,351 lbs. 0%bs. 2,351 lbs. 4 per lb. 9,404 $ $Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started