Question: Managerial Accounting please show all the steps and tables.. will give thumbs up Gagah Bhd. has budgeted the following unit sales: 2021 Units January 10,000

Managerial Accounting please show all the steps and tables.. will give thumbs up

Managerial Accounting please show all the steps and tables.. will give thumbs

Gagah Bhd. has budgeted the following unit sales: 2021 Units January 10,000 February 8.000 March 9,000 April 11,000 May 15,000 The finished goods units as at December 31, 2020, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of RM4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 8,640 pounds of raw materials on hand at December 31, 2020. Required: For each month of the first quarter of 2021, prepare: a) a production budget and b) a direct materials budget

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