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Zira Co. reports the following production budget for the next four months. Production (units) April 562 Hay 590 June 596 July 576 Each finished unit
Zira Co. reports the following production budget for the next four months. Production (units) April 562 Hay 590 June 596 July 576 Each finished unit requires four 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 899 pounds. Assume direct materials cost $3 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.) ZIRACO Direct Materials Budget For April, May, and June April May June 562 590 596 units Budgeted production (units) Materiais requirements per unit Materials needed for production (s.) Budgeted ending Inventory (lbs.) Total materials requirements (bs) Beginning inventory (lbs) Materials to be purchased (lbs.) Cost per i Total budgeted direct materials cost
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