Zortek Corp. budgets production of 500 units in January and 370 units in February. Each...
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Accounting
Zortek Corp. budgets production of 500 units in January and 370 units in February. Each finished unit requires two pounds of raw material Z, which costs $3 per pound. Each month's ending inventory of raw materials should be 40% 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) ibs. lbs Ibs Total materials requirements (lbs) lbs Ibs Materials to be purchased (lbs) lbs perb Total cost of direct materials purchases
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