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Zira Co. reports the following production budget for the next four months. Production (units) April 662 May 690 June 696 July 676 Each finished unit
Zira Co. reports the following production budget for the next four months. Production (units) April 662 May 690 June 696 July 676 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory e to 30% of next month's production needs. Beginning raw materials inventory for April was 794 pounds. Assume direct materials co $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the neare whole dollar amount.) Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost ZIRA CO. Direct Materials Budget For April, May, and June April May June 662 690 696 units
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