Required information
Use the following information for the Quick Study below. Algo
Miami Solar manufactures solar panels for industrial use. The company budgets production of units solar panels in July and units in August.
QS Algo Manufacturing: Direct materials budget LO P
Each unit requires pounds of direct materials, which cost $ per pound. The company's policy is to maintain direct materials inventory equal to of the next month's direct materials requirement. As of June the company has pounds of direct materials in inventory. Prepare the direct materials budget for July.
tableMIAMI SOLARDirect Materials Budget,Units to produce,Materials needed for production poundsTotal materials required poundsMaterials to purchase poundsCost of direct materials purchases,
