Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

is this correct? Yada expects to produce 1,650 units in January and 2,130 units in February. The company budgets 5 pounds per unit of direct

image text in transcribed

is this correct?

Yada expects to produce 1,650 units in January and 2,130 units in February. The company budgets 5 pounds per unit of direct materials at a cost of $30 per pound. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Ra Materials Inventory account all direct materials on January 1 is 5 00 pounds Yada desire the ending balance Ra Materials l ventory to be 20% of the next month's direct materials needed for production e i d ending balance for February is 4,300 pounds. Prepare Yada's direct materials budget for January and February Begin by preparing the direct materials bu or January and February through total direct materials needed line and then complete the budget by calculating the budgeted cost of direct materials purchases Yada Company Direct Materials Budget Two Months Ended January 31 and February 28 January February Budgeted units to be produced Direct materials (pounds) per unit Direct materials needed for production Plus: Desired direct materials in ending inventory (pounds) Total direct materials needed Less: Direct materials in beginning inventory (pounds) Budgeted purchases of direct materials Direct materials cost per pound Budgeted cost of direct materials purchases 1650 2130 8250 2130 10380 5000 5380 30 61400 10650 4300 6350 2130 4220 30 126600 Choose from any list or enter any number in the input fields and then continue to the next

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

Food And Beverage Cost Control

Authors: Jack E. Miller, Lea R. Dopson, David K. Hayes

3rd Edition

0471273546, 978-0471273547

More Books

Students also viewed these Accounting questions

Question

How do I feel just after I give in to my bad habit?

Answered: 1 week ago

Question

2.3 Define human resource ethics.

Answered: 1 week ago

Question

9 How can training be evaluated?

Answered: 1 week ago