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Exercise 22-8 (Algo) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production budget for the next four months. Each finished unit requires four pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 650 pounds. Direct materials cost $3 per pound. Prepare a direct materials budget for April, May, and June. Note: Round your answers to the nearest whole number. Units to produce April 542 May June July 570 576 556 ZIRA COMPANY Direct Materials Budget April May June Units to produce Materials required per unit Materials needed for production (pounds) 542 570 576 units 4 4 2,168 2,280 Add: Desired ending materials inventory (pounds) 684 691 Total materials required (pounds) 2,852 2.971 4 pounds 2,304 pounds 667 pounds 2,971 pounds Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases $ 0 $ 0 $ 이

Exercise 22-8 (Algo) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production budget for the next four months. Each finished unit requires four pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 650 pounds. Direct materials cost $3 per pound. Prepare a direct materials budget for April, May, and June. Note: Round your answers to the nearest whole number. Units to produce April 542 May June July 570 576 556 ZIRA COMPANY Direct Materials Budget April May June Units to produce Materials required per unit Materials needed for production (pounds) 542 570 576 units 4 4 2,168 2,280 Add: Desired ending materials inventory (pounds) 684 691 Total materials required (pounds) 2,852 2.971 4 pounds 2,304 pounds 667 pounds 2,971 pounds Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases $ 0 $ 0 $ 이

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 22-8 (Algo) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production budget for the next four months. Each finished unit requires four pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 650 pounds. Direct materials cost $3 per pound. Prepare a direct materials budget for April, May, and June. Note: Round your answers to the nearest whole number. Units to produce April 542 May June July 570 576 556 ZIRA COMPANY Direct Materials Budget April May June Units to produce Materials required per unit Materials needed for production (pounds) 542 570 576 units 4 4 2,168 2,280 Add: Desired ending materials inventory (pounds) 684 691 Total materials required (pounds) 2,852 2.971 4 pounds 2,304 pounds 667 pounds 2,971 pounds Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases $ 0 $ 0 $ 이
Transcribed Image Text:Exercise 22-8 (Algo) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production budget for the next four months. Each finished unit requires four pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 650 pounds. Direct materials cost $3 per pound. Prepare a direct materials budget for April, May, and June. Note: Round your answers to the nearest whole number. Units to produce April 542 May June July 570 576 556 ZIRA COMPANY Direct Materials Budget April May June Units to produce Materials required per unit Materials needed for production (pounds) 542 570 576 units 4 4 2,168 2,280 Add: Desired ending materials inventory (pounds) 684 691 Total materials required (pounds) 2,852 2.971 4 pounds 2,304 pounds 667 pounds 2,971 pounds Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases $ 0 $ 0 $ 이
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