Question: Item 2 2.5 points Return to question Item2 Zira Co. reports the following production budget for the next four months. AprilMayJuneJulyProduction (units)572600606586 Each finished unit

Item

2

2.5

points

Return to question

Item2

Zira Co. reports the following production budget for the next four months.

AprilMayJuneJulyProduction (units)572600606586

Each finished unit requires four 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 686 pounds. Assume direct materials cost $6 per pound.

Prepare a direct materials budget for April, May, and June.(Round your intermediate calculations and final answers to the nearest whole dollar amount.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!