The purpose of preparing a direct materials budget is to $$

allocate the cost of raw materials to production departments

estimate the manufacturing overhead

estimate the quantity of raw materials to be purchased

estimate the unit cost of direct materials to be purchased

Knowledge Check $02$

In a direct materials budget, the desired ending raw materials inventory for the year is equal to the $$

beginning balance of accounts payable

desired ending raw materials inventory for the last period

total merchandise purchased during the year

value of raw material used during the year