Solution
DEWITT INDUSTRIES | |||
Direct materials Purchases Budget | |||
For the Quarter ended March | |||
January | February | March | |
Required production of Units of finished goods | 10350 | 8230 | 5470 |
Units of Raw material needed per unit of finished goods | 4 | 4 | 4 |
Units of raw material needed to meet production | 41400 | 32920 | 21880 |
Budgeted Ending Inventory (Pound) | 6584 | 4376 | 3368* |
Total Units of raw material needed | 47984 | 37296 | 25248 |
Beginning Inventory (Pound) | 8280 | 6584 | 4376 |
Units of raw material to be purchased | 39704 | 30712 | 20872 |
Unit cost of raw material | $ 2.00 | $ 2.00 | $ 2.00 |
Cost of raw material to be purchased | $ 79,408.00 | $ 61,424.00 | $ 41,744.00 |
*4210 x 4 x 20%
DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...
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