Direct Materials Purchases Budget | |||
For the Quarter Ending March 31, 2020 | |||
January | February | March | |
Units to be produced | 10130 | 8490 | 5120 |
Direct materials per unit | 5 | 5 | 5 |
Total pounds needed for production | 50650 | 42450 | 25600 |
Add: Desired ending direct materials | 8490 | 5120 | 4380 |
Total materials required | 59140 | 47570 | 29980 |
Less: Beginning direct materials | 10130 | 8490 | 5120 |
Direct materials purchases | 49010 | 39080 | 24860 |
Cost per pound | 2 | 2 | 2 |
Total cost of direct materials purchases | 98020 | 78160 | 49720 |
FULL SCREEN PRINTER VERSION DeWitt Industries has adopted the following production budget for the first 4...
Exercise 22-05 DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Units Month 10,130 March 5,250 January April February 8,110 4,260 Each unit requires 5 pounds of raw materials costing $4 per pound. On December 31, 2019, the ending raw materials inventory was 10,130 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 5,470 January 10,350 March February 8,230 April 4,210 Each unit requires 4 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 8,280 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units March 10,270 5,390 January 8,270 April February 4,290 Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 6,162 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 10,340 March 5,440 February 8,480 April 4230 Each unit requires 3 pounds of raw materials costing $4 per pound On December 31, 2019, the ending raw materials imventory was 6,204 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...
Exercise 21-5 DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units January February Units Month 10,100 March 8,100 April 5,100 4,100 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2016, the ending raw materials inventory was 9,100 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units 5,490 10,470 March January 8,260 April 4,450 February Each unit requires 5 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 10,470 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January February 10,440 March 8,240 April 5,190 4,120 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 6,264 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...
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Each unit requires 3 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials month equal to 20% of next month's production requirements. tory was 6.220 pounds. Prepare a direct materials purchases budget by month for the first quarter.
Question 3 --11 View Policies Current Attempt in Progress DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month Units Month Units January 10,000 March 5,000 February 8,000 April 4,000 Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31, 2019, the ending raw materials inventory was 4.000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's...
Exercise 9-5 (Video) Dewi Industries has adopted the following production budget for the first months of 2070 Month January February Units 10,150 8,330 Month March April Units 5,410 10 Each unit requires 3 pounds of raw materials costing 2 per pound. On December 31, 2019, the ending raw materials inventory was 6,000 pounds Management wants to ha the end of the month equal to 20% of next month's production requirements Prepare a direct material purchases budget by month for the...