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Required information Use the following information for the Exercises below. Ramos Ca provides the foliowing sales forecast and production budget for the next four months.
Required information Use the following information for the Exercises below. Ramos Ca provides the foliowing sales forecast and production budget for the next four months. The company plans for finshed goods inventory of 260 units at the end of June. in addition, each finished unit requires 5 pounds of direct materials and the company wants to end each month with direct materials irventory equal to 20% of next inonth's production needs Beginning direct materials inventory for Aprit wos 580 pounds. Direct materials cost $2 per pound. Each finshed unit reguires 0.20 hours of direct labor at the rate of $13 per hour, The company budgets variable overhead at the rate of $17 per direct labor hour and budgets foxed overhead of $9.400 per month. Exercise 20-8 Monufacturing: Direct materials budget LO P1 Prepare a direct materals budpet for April. May, and June
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