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S-M:7-5 Preparing an operating budget-direct materials budget Bell expects to produce 1,800 units in January...

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Accounting

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S-M:7-5 Preparing an operating budget-direct materials budget Bell expects to produce 1,800 units in January and 2,155 units in February. The company budgets three pounds per unit of direct materials at a cost of $10 per pound. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 4,950 pounds. Bell desires the ending balance in Raw Materials Inventory to be 20% of the next month's direct materials needed for production. Desired ending balance for February is 4,860 pounds. Prepare Bell's direct materials budget for January and February

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