The following facts are known: The total pounds needed for production are 2 times the units...
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The following facts are known: The total pounds needed for production are 2 times the units to be produced. The desired ending direct materials inventory is 20% of the total pounds needed for production. The beginning direct materials inventory is equal in number to 10% of the units to be produced. Cost per pound is $5. Total cost of the direct materials purchases is $1,035,000. Prepare a direct materials budget for the period. > > > > Beginning direct materials Total materials required Cost per pound Total cost of direct materials purchases Units to be produced Desired ending direct materiais Total pounds needed for production Direct materials purchases Direct materiais per unit The following facts are known: The total pounds needed for production are 2 times the units to be produced. The desired ending direct materials inventory is 20% of the total pounds needed for production. The beginning direct materials inventory is equal in number to 10% of the units to be produced. Cost per pound is $5. Total cost of the direct materials purchases is $1,035,000. Prepare a direct materials budget for the period. > > > > Beginning direct materials Total materials required Cost per pound Total cost of direct materials purchases Units to be produced Desired ending direct materiais Total pounds needed for production Direct materials purchases Direct materiais per unit
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The Total cost of direct Material is 90000 Direct Materi... View the full answer
Related Book For
Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
Posted Date:
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