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Use the following information for the Exercises below. Ramos Co. provides the following sales forecast and production budget for the next four months Sales (units)

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Use the following information for the Exercises below. Ramos Co. provides the following sales forecast and production budget for the next four months Sales (units) Budgeted production (units) April 620 560 May 700 699 June 650 660 July 720 660 The company plans for finished goods inventory of 240 units at the end of June. In addition, each finished unit pounds of direct materials and the company wants to end each month with direct materials inventary equal to 2 month's production needs. Beginning direct materials inventory for April was 840 pounds Direct materials costs pound. Each finished unit requires 0.30 hours of direct labor at the rate of $11 per hour. The company budgets va overhead at the rate of $15 per direct labor hour and budgets fixed overhead of $9.200 per month Exercise 22-8 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for April May and June Use the following information for the Exercises below. Ramos Co. provides the following sales forecast and production budget for the next four months Sales (units) Budgeted production (units) April 620 560 May 700 699 June 650 660 July 720 660 The company plans for finished goods inventory of 240 units at the end of June. In addition, each finished unit pounds of direct materials and the company wants to end each month with direct materials inventary equal to 2 month's production needs. Beginning direct materials inventory for April was 840 pounds Direct materials costs pound. Each finished unit requires 0.30 hours of direct labor at the rate of $11 per hour. The company budgets va overhead at the rate of $15 per direct labor hour and budgets fixed overhead of $9.200 per month Exercise 22-8 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for April May and June

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