Answered step by step
Verified Expert Solution
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 of next month's production needs. Beginning direct materials inventory for April was pounds. Direct materials cost $ per pound.
Prepare a direct materials budget for April, May, and June. Round your answers to the nearest whole number.
tableUnits to produce,April,May,June,July
tableZIRA COMPANYDirect Materials BudgetApril,May,June,Units to produce,,unitsMaterials required per unit,,poundsMaterials needed for production poundspoundsAdd: Desired ending materials inventory poundsTotal materials required poundspoundsLess: Beginning materials inventory poundspoundsMaterials to purchase poundsMaterials cost per pound,$$$per poundCost of direct materials purchases,$$
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started