saved VITUO UVIUCO UIC IVIUNTY DUICO VIELUSLIM April 660 Sales (units) Budgeted production (units) May 740 730 June 699 700 July 760 700 600 The company plans for finished goods Inventory of 280 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 inventory equal to 20% of next month's production needs. Beginning direct materials inventory for April was 600 pounds. Direct materials cost $2 per pound. Each finished unit requires 0.40 hours of direct labor at the rate of $15 per hour. The company budgets variable overhead at the rate of $19 per direct labor hour and budgets fixed overhead of $9,600 per month Exercise 20-8 Manufacturing: Direct materials budget LO P1 Prepare a direct materiais budget for Apni, May, an RAMOS.CO. Direct Materials Budget For Aprit, May, and June 3 Budget production units S 0 00 730 ILS Materia's needed for production lbs) Totsmaterials rement 01 Bugated cost of direct mess uns & Prev o r 17 11 Next >