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Zortek Corp budgets production of 380 units in January and 340 units in February. Each finished unit requires three pounds of raw material Z, which
Zortek Corp budgets production of 380 units in January and 340 units in February. Each finished unit requires three pounds of raw material Z, which costs $3 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The January 1 raw materials inventory has 180 pounds of Z. Prepare a direct materials budget for January 300 ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (unit) Materials requirements per unit Materials needed for production () Add: Budgeted ending inventory (s) Total materials requirements) Low Beginning inventory (bs) Materials to be purchased (s) Materials pries per pound Total cost of direct material purchases 1.520 be Ibs Ibe 0 lbs perib
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