Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Perine Company has 4,032 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,480

image text in transcribed

Perine Company has 4,032 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,480 and 5,810 units, respectively. 3 pounds of raw materials are needed for each unit and the estimated cost per pound is S9. Management desires an ending inventory equal to 30% of next month's materias requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to 0 decimal places, e.g. 5,275.) PE Direct Materials Budget RINE COMPANY For the Month Ending January 31, 2017 Units to be Produced 449 Direct Materials Per Unit Total Pounds Required for Production Y Add ?. Desired Ending Inventory Total Materials Required Less ?- Beginning Materials Inventory Direct Materials Purchases Cost Per Pound Total Cost of Direct Materials Purchases

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

Internal Auditing Assurance And Advisory Services

Authors: Kurt R. Reding, Paul J. Sobel, Urton L. Anderson, Michael J. Head, Sridhar Ramamoorti, Mark Salamasick, Cris Riddle

5th Edition

1634541367, 978-1634541367

More Books

Students also viewed these Accounting questions