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Q3 Fill in the blanks budget Question 3 of4 _ I 3 .2 View Policies Current Attempt in Progress Kingbird Industries has adopted the following
Q3 Fill in the blanks budget
Question 3 of4 _ I 3 .2 View Policies Current Attempt in Progress Kingbird Industries has adopted the following production budget for the four quarters of 2022: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units 5.800 7,800 9.100 10.000 Each unit requires 4 kg of raw materials costing $6 per kilogram. On December 31. 2021, the ending rawr materials inventory was 1,?40 kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the rst quarter of 2023 will be 12.200 units. Prepare a direct materials purchases budget by quarters for 2022. KINGBIRD INDUSTRIES Direct Materials Purchases Budget {kg} For the year ending December 31, 2022 Quarter 1 2 V V V V V V V, V Cost of kilogram Total required for production $ $ $ Total materials required 35 $ $ Kilograms per unit Total cost of materials purchases Desired ending inventoryI Beginning inventory Units to be produced Attempts: 0 of 2 used Direct materials purchasesStep by Step Solution
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