Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in...
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Lens Junction sells lenses for $45 each and is estimating sales of 15,000 units in January and 20,000 in February. Each lens consists of 2 pounds of silicon costing $2.60 per pound, 2 oz of solution costing $3.00 per ounce, and 30 minutes of direct laborat a labor rate of $15 per hour, Desired Inventory levels are: Dec Jan Feb Beginning inventory Finished goods 4,500 14,900 5,000 Direct materials: silicon 8.500 9.100 9.200 Direct materials: solution 1,200 12.000 13,000 Prepare a direct materials budget for silicon and solution Round to the nearest whole unless otherwise specified Lens Junction Direct Materials Budget Direct Materials Silicon For the Two Months Ending Feb. 28, 2019 Jan. Feb, Units to Be Produced 14,500 20,100 Direct Material per Unit Total Pounds Needed for Production Jan. Feb. Units to Be Produced 14,500 20,100 Direct Material per Unit Total Pounds Needed for Production Desired Ending Inventory Total Material Required Beginning Inventory Pounds of Direct Material Purchase Requirements Cost per Pound (round to two decimal places) Is Total Cost of Direct Material Purchase Total Direct Materials Silicon for Two Months Ending Feb. 28, 2019
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