Zira Co. reports the following production budget for the next four months. April 584 May...
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Zira Co. reports the following production budget for the next four months. April 584 May 625 June 617 July 597 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 30% of next month's production needs. Beginning raw materials inventory for April was 876 pounds. Assume direct materials cost $4 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.) ZIRA CO. Direct Materials Budget For April, May, and June April 528 May June 622 611 units 4 4 4 lbs. 2,112 2,444 lbs. 2,488 733 746 Ibs. 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
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