ZIRA CO. | ||||
Direct Materials Budget | ||||
For April, May and June | ||||
April | May | June | July | |
Budgeted production (units) (a) | 544 | 585 | 577 | 557 |
Materials requirements per unit (b) | 5 | 5 | 5 | 5 |
Materials needed for production (lbs) (c = a * b) | 2,720 | 2,925 | 2,885 | 2,785 |
Add: Budgeted ending inventory (lbs) (2,925*30/100); (2,885*30/100); (2,785*30/100) | 878 | 866 | 836 | |
Total materials requirements (lbs) | 3,598 | 3,791 | 3,721 | |
Less: Beginning inventory (lbs) (last month's ending inventory is the current month's beginning inventory | 816 | 878 | 866 | |
Materials to be purchased (lbs) (d) | 2,782 | 2,913 | 2,855 | |
Cost per lb. (e ) | $4 | $4 | $4 | |
Total budgeted direct materials cost (d * e) | $11,126 | $11,650 | $11,418 |
Zira Co. reports the following production budget for the next four months. Production (units) April 544...
Zira Co. reports the following production budget for the next four months. Production (units) April 572 May 600 June 606 July 586 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 686 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. Production (units) April 714 May 755 June 747 July 727 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials Inventory equal to 30% of next month's production needs. Beginning raw materials Inventory for April was 1,285 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your Intermediate...
Zira Co. reports the following production budget for the next four months. Production (units) April 624 May 665 June 657 July 637 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 749 pounds. Assume direct materials cost $3 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. Production (units) April 455 May 570 June 560 July 540 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 663 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. ZIRA CO. Direct...
Zira Co. reports the following production budget for the next four months. Production (units) April 632 May 662 June 666 July 646 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 758 pounds. Assume direct materials cost $4 per pound Prepare a direct materials budget for April, May, and June (Round your intermediate...
Zira Co. reports the following production budget for the next four months. Production (units) April 584 May 625 June 617 July 597 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 876 pounds. Assume direct materials cost $5 per pound Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. April May June July Production (units) 622 650 656 636 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month’s production needs. Beginning raw materials inventory for April was 746 pounds. Assume direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. Production (units) April 662 May 690 June 696 July 676 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 794 pounds. Assume direct materials cost $6 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. April May June July Production (units) 586 640 618 598 Each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month’s production needs. Beginning raw materials inventory for April was 879 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Zira Co. reports the following production budget for the next four months. April May June July Production (units) 604 645 637 617 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month’s production needs. Beginning raw materials inventory for April was 725 pounds. Assume direct materials cost $6 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...