Can you show me how to calculate all the work? Zira Co. reports...
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Can you show me how to calculate all the work?
Zira Co. reports the following production budget for the next four months. April 622 May Production (units) June 656 July 636 650 Each finished unit requires six 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 746 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.) Answer is not complete. ZIRA CO. Direct Materials Budget For April, May, and June April May 622 650 6 6 3,732 3,900 June 656 units 6 lbs. 3,936 lbs. Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost 746 780 787 lbs. 4 4 4 per lb
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