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Zira Co. reports the following production budget for the next four months. Production (units) April 606 May June 660 638 July 618 Each finished
Zira Co. reports the following production budget for the next four months. Production (units) April 606 May June 660 638 July 618 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was 1,212 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.) Total budgeted direct materials cost ZIRA CO. Direct Materials Budget For April, May, and June April May June
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