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please help ASAP direct materials budget 2. Exercise 20-4 Manufacturing: Direct materials budget LO P1 142 points Zira Co. reports the following production budget for
please help ASAP direct materials budget
2. Exercise 20-4 Manufacturing: Direct materials budget LO P1 142 points Zira Co. reports the following production budget for the next four months, Production (units) April 614 May 655 June 647 0019 627 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was 1,228 pounds. Assume direct materials cost $3 per pound. Prepare a direct materials budget for Apr May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) X Answer is complete but not entirely correct. ZIRA CO. Direct Materials Budget For April, May, and June April May 614 655 4 X 04 246 262 x June 647 units 04 Ibs 259 x bs 131|X Budgeted production (units) Materials requirements per unit Materials needed for production (lbs) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs) Cost per lb. Total budgeted direct materials cost 877 X 1130 x 392 % 104 Xbs 155 Ibs 11 228 131 130 Xbs 26X 185 2 10 G18 per lb 1$ 0 x 5 783 XS 555Step by Step Solution
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