m Question 10 of 10 Crane Industries has adopted the following production budget for the first...

Transcribed Image Text:

m Question 10 of 10 Crane Industries has adopted the following production budget for the first 4 months of 2022. Month Units Month Units January 12,600 March 6,300 February 10,080 April 5,040 Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31, 2021, the ending raw materials inventory was 5,040 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. CRANE INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31, 2022 Units to be Produced Direct Materials Per Unit Total Materials Required January February m Question 10 of 10 Crane Industries has adopted the following production budget for the first 4 months of 2022. Month Units Month Units January 12,600 March 6,300 February 10,080 April 5,040 Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31, 2021, the ending raw materials inventory was 5,040 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. CRANE INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31, 2022 Units to be Produced Direct Materials Per Unit Total Materials Required January February