Exam #$2($Chapters $18-21)$

i

Saved

Help

Save

$19$

Exercise $20-7($Algo$)$ Manufacturing: Direct materials budget LO P$1$

$10$

Rida Incorporated is preparing its direct materials budget for the second quarter. It budgets production of $245,000$ units in the second quarter and $57,500$ units in the third quarter. Each unit requires $0\mathrm{.}50$ pound of direct material, priced at $$180$ per pound. Starting with the second quarter, the company plans to end each quarter with an ending inventory of materials equal to $50\%$ of next quarter's points budgeted direct materials required. Raw material inventory is $61,250$ pounds at the beginning of the second quarter.

$04$:$19$:$41$

Prepare a direct materials budget for the second quarter.

Note: Enter "per unit" answers in two decimal places.

References

$\backslash$table$[[$RIDA INCORPORATED,,$],[$Direct Materials Budget,,$],[$Units to produce,Second Quarter,$],[,245,000,$units$],[$Materials needed for production $($pounds$),,],[,,],[$Total materials required,,$],[,,],[$Materials to purchase $($pounds$),,],[,,],[$Cost of direct materials purchases,,$]]$