Please work the problem attached.
Homework Answers
| Calculation of Purchase budget for the month of April, May & June | ||||
| April | May | June | July | |
| Units | Units | Units | Units | |
| Budgeted Production (Units) | 642 | 670 | 676 | 656 |
| Materials required per unit | 4 | 4 | 4 | 4 |
| Materials needed for prodcution (lbs) | 2568 | 2680 | 2704 | 2624 |
| Budgeted Ending inventory (lbs) (30% of next month's Production) | 804 | 811 | 787 | 0 |
| Total materials requirements(lbs) | 3372 | 3491 | 3491 | |
| Beginning inventory(lbs) | 770 | 804 | 811 | |
| Materials to be purchase(lbs) | 2602 | 2687 | 2680 | |
| Cost per lb | $ 5.00 | $ 5.00 | $ 5.00 | |
| Total Budgeted direct materials cost | $ 13,010 | $ 13,436 | $ 13,400 | |
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Please work the problem attached. Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports th...
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...
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 May 615 June July 587 Production (units) 574 607 Each finished unit requires five 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 1,148 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget...
zira Co Direct Materials budget Each finished unit requires five pounds of raw materials and the...
zira Co Direct Materials budget
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 1041 pounds. Assume direct materials cost $4 per pound Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO. Direct Materials Budget For April,...
Zira Co. reports the following production budget for the next four months. April May June July...
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 69...
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 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...
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...
Exercise 20-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for...
Exercise 20-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for the next four months. April May June July Production (units) 624 665 657 637 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 April was 624 pounds. Assume direct materials cost $6 per pound. Prepare a direct materials budget...
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 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...
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...
Exercise 07-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for the next four months. April May 615 June July 587 Production (units) 574 607 Each finished unit requires five 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 1,148 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget...
zira Co Direct Materials budget
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 1041 pounds. Assume direct materials cost $4 per pound Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO. Direct Materials Budget For April,...
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 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...
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 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...
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