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Zira Co. reports the following production budget for the next four months. April 556 May 610 June 588 Production (units) July 568 Each finished unit
Zira Co. reports the following production budget for the next four months. April 556 May 610 June 588 Production (units) July 568 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 667 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.) Answer is not complete. ZIRA CO. Direct Materials Budget For April, May, and June April May 556 610 June 588 units 4 4 4 lbs. 2,224 2,440 2,352 lbs. 488 470 X 454 lbs. 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 33,902,712 X lbs. 445 lbs. 2,267 X 2,422 x 2,336 X lbs. $ 6 X $ 6 X $ 6 X per lb. 14,016 $ 13,602 $ 14,534 X $
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