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Please help me correct the last 3 answers Zira Co. reports the following production budget for the next four months. April 702 May 730 June
Please help me correct the last 3 answers
Zira Co. reports the following production budget for the next four months. April 702 May 730 June 736 July 716 Production (units) 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 842 pounds. Assume direct materials cost $3 per pound Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount) Answer is complete but not entirely correct. June ZRA CO. Direct Materials Budget For April, May, and June April May 702 730 4 4 2,808 2,920 876 883 736 units 4 lbs Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost > 3,684 (842) 2,842 3$ 7,641 X $ 3,803 (876) 2,927 3$ 8,107 X $ 2,944 lbs 859 lbs 3,803 lbs (883) Ibs 2,920 lbs 3 per lb. 7,848 X $Step by Step Solution
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