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Please make the solution to match empty boxes! DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units
Please make the solution to match empty boxes!
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units March 5,470 January February 10,350 8,220 April 4.210 Each unit requires 4 pounds of raw materials casting $2 per pound. On December 31, 2019. the ending raw materials inventory was 8.280 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. DEWITT INDUSTRIES Direct Materials Purchases Budget January February March Direct Materials Per Unit Total Direct Labor Cost Total Required Direct Labor Hours Beginning Direct Materials (Pounds) Direct Labor Cost Per Hour Direct Materials Purchases Units to be produced Direct Labor Time Per Unit Desired Ending Direct Materials (Pounds] Total Pounds Needed for Production Total Materials Required Cost Per Pound Total Cost of Direct Materials PurchasesStep by Step Solution
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