Zira Company reports the following production budget for the next four months. Each finished unit requires...

 

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Zira Company reports the following production budget for the next four months. Each finished unit requires five pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 40% of next month's production needs. Beginning direct materials inventory for April was 1,068 pounds. Direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) Units to produce April 534 May June July 575 567 547 ZIRA COMPANY Direct Materials Budget April May June Units to produce Materials required per unit Materials needed for production (pounds) 534 575 567 units 5 5 5 pounds 2,670 2,875 2,835 pounds Add: Desired ending materials inventory (pounds) Total materials required (pounds) 2,670 2,875 2,835 pounds Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases $ 0 $ 0 $ 0 Zira Company reports the following production budget for the next four months. Each finished unit requires five pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 40% of next month's production needs. Beginning direct materials inventory for April was 1,068 pounds. Direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) Units to produce April 534 May June July 575 567 547 ZIRA COMPANY Direct Materials Budget April May June Units to produce Materials required per unit Materials needed for production (pounds) 534 575 567 units 5 5 5 pounds 2,670 2,875 2,835 pounds Add: Desired ending materials inventory (pounds) Total materials required (pounds) 2,670 2,875 2,835 pounds Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases $ 0 $ 0 $ 0

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To prepare the direct materials budget for April May and June we can use the following steps 1 Calcu... View the full answer