Question: 9 EP (Extra Credit) Seved Check my work mode : This shows what is correct or incorrect for the work you have completed 5 Zira
9 EP (Extra Credit) Seved Check my work mode : This shows what is correct or incorrect for the work you have completed 5 Zira Company reports the following production budget for the next four months. Each finished unit requires six pour materials, and the company wants to end each month with direct materials inventory equal to 30% of next month's Beginning direct materials inventory for April was 1,105 pounds. Direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) Units to produce April 614 May 655 June 647 July 627 Answer is complete but not entirely correct. May 655 6 Units to produce Material required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Le Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materiais purchases ZIRA COMPANY Direct Materials Budget April 614 8 3.684 1.179 4,863 1.105 3,758 S 5$ $ 3.763 S 3,830 1.155 5,095 1.179 3.916 5S 3.921 S June 647 units 6 pounds 3.882 pounds 1.458 pounds 5.340 pounds 1.165 pounds 3,882 pounds per pound 3,887
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
