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Zira Co. reports the following production budget for the next four months. Production (units) April 674 May June July 715707687 Each finished unit requires five
Zira Co. reports the following production budget for the next four months. Production (units) April 674 May June July 715707687 Each finished unit requires five 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 1,011 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.) Answer is not complete. 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 674 7 15 5 - 5 3,370 3,575 1,073 1 ,061 4,443 4,636 1,011 June 707 5 3,535 1,031 4,566 units lbs. lbs. lbs. lbs. lbs. $ 5 $ 5 $ 5 per lb
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