Calculation of Materials required for Jan 2020:
Direct Materials Budget | Pounds |
Raw material required for January production | |
4400 Units * 2 pounds | 8800 |
Add: Closing inventory ( 25% of Februry requirement ) | |
5700 Units * 2 Pounds * 25% | 2850 |
Total Material requirement | 11650 |
Less: Inventory in hand ( Dec 31 inventory ) | 2200 |
Materials to be procured | 9450 |
Direct materials Budget quantity for Jan 2020 is 9450 pounds
Estimated Cost per pound is $ 6
Direct materials Budget value is $ 56700
Brief Exercise 9-4 Perine Company has 2,200 pounds of raw materials in its December 31, 2019, ending inventory...
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