Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Zira Company reports the following production budget for the next four months. Each finished unit requires six pounds of direct materials, and the company wants

Zira Company reports the following production budget for the next four months. Each finished unit requires six pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 1,159 pounds. Direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) April May June Units to produce 644 685 677 July 657 Units to produce Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases Answer is not complete. ZIRA COMPANY Direct Materials Budget April May June 644 685 677 units 6 6 6 pounds 3,864 4,110 4,062 pounds 3,864 4,110 4,062 pounds $ 0 0 $ 0

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Scoreboard Your Practice 7 Numbers To Understand Your Design Firms Financials

Authors: Rick J Linley

1st Edition

1039138985, 978-1039138988

More Books

Students also viewed these Accounting questions

Question

What is the relation of physical mathematics with examples?

Answered: 1 week ago

Question

What are oxidation and reduction reactions? Explain with examples

Answered: 1 week ago