Question
Ramos Company provides the following budgeted production for the next four months. Units to produce April 620 May 750 June July 720 720 Each
Ramos Company provides the following budgeted production for the next four months. Units to produce April 620 May 750 June July 720 720 Each finished unit requires 5 pounds of direct materials. 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 930 pounds. Direct materials cost $2 per pound. Prepare a direct materials budget for April, May, and June. Units to produce Materials needed for production (pounds) Total materials required (pounds) RAMOS COMPANY Direct Materials Budget April May June 620 750 720 units 0
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
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