Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Zira Co. reports the following production budget for the next four months. April Production (units) 582 May 610 June 616 July 596 Each finished unit
Zira Co. reports the following production budget for the next four months. April Production (units) 582 May 610 June 616 July 596 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 698 pounds. Assume direct materials cost $4 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.) ZIRA CO. Direct Materials Budget For April, May, and June April May Juno Materials needed for production (lbs) Total materials requirements (lbs) Materials to be purchased (lbs) Total budgeted direct materials cost
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/669b561454098_147669b5613e3b67.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started