Homework Answers
Solution
| ZIRA CO. | ||||
| Direct Materials Budget | ||||
| For April, May, and June | ||||
| April | May | June | ||
| Budgeted production (units) | 694 | 735 | 727 | Units |
| Materials requirements per unit | 5 | 5 | 5 | Lbs |
| Materials needed for production (lbs.) | 3470 | 3675 | 3635 | Lbs |
| Budgeted ending inventory (lbs.) | 1102.5 | 1090.5 | 1060.5 | |
| Total materials requirements (lbs.) | 4572.5 | 4765.5 | 4695.5 | |
| Beginning inventory (lbs.) | -1041 | -1102.5 | -1090.5 | Lbs |
| Materials to be purchased (lbs.) | 3532 | 3663 | 3605 | |
| Cost per lb. | $ 4.00 | $ 4.00 | $ 4.00 | Per Lbs |
| Total budgeted direct materials cost | $ 14,126 | $ 14,652 | $ 14,420 | |
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zira Co Direct Materials budget
Each finished unit requires five pounds of raw materials and the...
Each finished unit requires five pounds of raw materials and the company wants to end each...
Each finished unit requires five pounds of raw materials and
the company wants to end each month with raw materials inventory
equal to 20% of next month's production needs. Beginning raw
materials inventory for Apri was 556 pounds. Assume direct
materials cost $5 per pound
Zira Co. reports the following production budget for the next four months. April 556 May 610 June 588 July 568 Production (units) Each finished unit requires five pounds of raw materials and the company wants...
Please work the problem attached. Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports th...
Please work the problem attached.
Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for the next four months. April May 670 June July Production (units) 642 676 656 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 770 pounds. Assume direct materials cost $5 per pound....
Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for...
Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for the next four months April 536 Production (units) May 590 June 568 July 548 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 965 pounds. Assume direct materials cost $4 per pound Prepare a direct materials budget...
Zira Co. reports the following production budget for the next four months. Production (units) April 714...
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 572...
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 544...
Zira Co. reports the following production budget for the next four months. Production (units) April 544 May 585 June 577 July 557 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 816 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 694...
Zira Co. reports the following production budget for the next four months. Production (units) April 694 May 735 Dune 727 July 7e 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 833 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 624...
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...
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. April 676 May 730 July 688 June Product...
Zira Co. reports the following production budget for the next four months. April 676 May 730 July 688 June Production (units) 708 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was 1,622 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
Each finished unit requires five pounds of raw materials and
the company wants to end each month with raw materials inventory
equal to 20% of next month's production needs. Beginning raw
materials inventory for Apri was 556 pounds. Assume direct
materials cost $5 per pound
Zira Co. reports the following production budget for the next four months. April 556 May 610 June 588 July 568 Production (units) Each finished unit requires five pounds of raw materials and the company wants...
Please work the problem attached.
Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for the next four months. April May 670 June July Production (units) 642 676 656 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 770 pounds. Assume direct materials cost $5 per pound....
Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for the next four months April 536 Production (units) May 590 June 568 July 548 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 965 pounds. Assume direct materials cost $4 per pound Prepare a direct materials budget...
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 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 544 May 585 June 577 July 557 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 816 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 694 May 735 Dune 727 July 7e 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 833 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 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. April 676 May 730 July 688 June Production (units) 708 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was 1,622 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate...
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