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Zira Co. reports the following production budget for the next four months. April 536 May 540 Production (units) June 568 July 548 Each finished unit
Zira Co. reports the following production budget for the next four months. April 536 May 540 Production (units) June 568 July 548 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials Inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 643 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.) ZIRA CO Direct Materials Budget For April, May, and June April May 5001 20 June Beginning inventory (lbs) Materials requirements per unit Materials needed for production (lbs) 588 20 548 units 20 lbs. Total materials requirements (lbs.) Materials to be purchased (lbs) Total budgeted direct materials cost
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