Ramos Company provides the following budgeted production for the next four months. Units to produce April...
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Ramos Company provides the following budgeted production for the next four months. Units to produce April May June 490 620 July 590 590 Each finished unit requires 6 pounds of direct materials. The company wants to end each month with direct materials inventory equal to 25% of next month's production needs. Beginning direct materials inventory for April was 735 pounds. Direct materials cost $3 per pound. Prepare a direct materials budget for April, May, and June. Units to produce Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases RAMOS COMPANY Direct Materials Budget April May June 490 620 590 units 0 Ramos Company provides the following budgeted production for the next four months. Units to produce April May June 490 620 July 590 590 Each finished unit requires 6 pounds of direct materials. The company wants to end each month with direct materials inventory equal to 25% of next month's production needs. Beginning direct materials inventory for April was 735 pounds. Direct materials cost $3 per pound. Prepare a direct materials budget for April, May, and June. Units to produce Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases RAMOS COMPANY Direct Materials Budget April May June 490 620 590 units 0
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