Ch 07 Ex 7-4 Saved Help Save & Exit Submit Check my work 1 Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for the next four months. 10 points Production (units) April 576 May 630 June 608 July 588 eBook Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 1,037 pounds. Assume direct materials cost $3 per pound. 10 Hint Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Ask Print ZIRA CO. Direct Materials Budget For April, May, and June April May Budgeted production (units) 576 630 Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) June 608 units References Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost