Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

R 2 Zira Company reports the following production budget for the next four months. Each finished unit requires four pounds of direct materials, and the

image text in transcribed

R 2 Zira Company reports the following production budget for the next four months. Each finished unit requires four pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 674 pounds. Direct materials cost $4 per pound. 2.5 points Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) Units to produce April May June July 562 590 596 576 June Answer is complete but not entirely correct. ZIRA COMPANY Direct Materials Budget April May Budgeted ending inventory (pounds) X 562 590 596 units Materials required per unit 4 4 pounds Materials needed for production 2,248 2,360 2,384 pounds (pounds) Less: Desired ending materials inventory (pounds) 944 954X 922X pounds Total materials required (pounds) 3,192 3,314 3,306 pounds Add: Beginning materials inventory 899X (pounds) 944 954 pounds Materials to purchase (pounds) 2,293 2,370 2,352 pounds Materials cost per pound per $ 4$ $ pound Cost of direct materials purchases $ 2,297 $ 2,374 $ 2,356

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

Forensic And Investigative Accounting

Authors: D. Larry Crumbley, Lester E. Heitger, G. Stevenson Smith

6th Edition

0808034871, 9780808034872

More Books

Students also viewed these Accounting questions