Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. each finished unit requires five pounds of raw mat

Each finished unit requires five pounds of raw materials and the company wants to end...

90.2K

Verified Solution

Question

Accounting

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 image
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 to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory for April was 556 pounds. Assume direct materials cost $5 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.) June ZIRA CO. Direct Materials Budget For April, May, and June April May 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

2 In a city a list was obtained from each of the 5 neighborhoods in...

Statistics
Q

The following data represent the amount of money and invenstor has in an investment account each...

Advance Math
Q

Answer the following: A. What does BJT means? and why is it called BJT? B. What are...

Electrical Engineering
Q

What is theauthor'spurpose for thefollowingwriting?A hypothesis isa proposedexplanationmade on thebasis of limitedevidence as astarting pointfor...

Biology
Q

A certain prescription item costs $27.00 for boxes of 30 dosage units. With a dispensing...

Basic Math
Q

5 4 3 SH s 4 3 cha 2 7 My 2 3 4 5...

Calculus
Q

Given a matrix transformation f R R defined by 700 694 f v the image...

Algebra
Q

The USA Patriot Act pertains only to applicants that are on...

Accounting
Q

Besito Company, a calendar year, cash basis taxpayer, leases lawn and garden equipment....

Accounting
Q

Adjusting entries for refunds, allowances, and returns Assume the following data for Oshkosh Company before...

Accounting
Q

Job Inc. has recently started the manufacture of Tri-Robo, a three-wheeled robot that can scan...

Accounting
Q

Required tnformation The following thiormation applies to the questions displayed below] Tracy Company, a manufacturer...

Accounting