Lizas predicts Zortek Corp. budgets production of 330 units in...
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Accounting
Lizas predicts
Zortek Corp. budgets production of 330 units in January and 230 units in February. Each finished unit requires three pounds of raw al Z, which costs $3 per pound. Each month's ending inventory of raw materials should be 50% of the following month's budgeted production. The January 1 raw materials inventory has 120 pounds of Z. Prepare a direct materials budget for January ZORTEK CORP. Direct Materials Budget For Month Ended January 31 Budget production (units) units Materials needed for production (lbs.) / Total materials requirements (lbs.) Materials to be purchased (lbs) Total cost of direct materials purchases
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