Sunrise Poles manufactures hiking poles and is planning on producing 4,000 units in March and 3,700 in April. Each pole requires a half pound of material, which costs $1.20 per pound. The company's policy is to have enough material on handto equal 10% of the next month's production needs and to maintain a finished goods inventory equal to 25% of the next month's production needs.PLEASE NOTE: Units are rounded to whole numbers with commas as needed (i.e. 1,234). All dollar amounts are rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345), except for any "per" amounts (units ordollars), which are rounded to two decimal places and shown with "$" and commas as needed (i.e. $1,234.56)Cost per PoundDesired Ending InventoryDM per UnitUnits to be ProducedPounds Needed for ProductionRequired DM PoundsBeginning InventoryTotal Cost of DM PurchaseTotal DM RequiredUsing the information aboye, along with the terms above, prepare a direct materials (DM) budget for the the month of March (use the format shown in the textbook):Sunrise PolesDirect Materials BudgetFor the Month of March 2019TermsMarch

Particulars March Units to be produced 4000 (X) Direct materials per unit 0.5 Total pounds…

needs and to maintain a finished goods inventory equal to 25% of the next month's p numbers with commas as needed (ie. 1,234). All dollar amounts are rounded to whole olaces and shown with "$" and commas as needed (ie. $1,234.56) Desired Ending Inventory DI Pounds Needed for Production Requir Total Cost of DM Purchase Total terms above, prepare a direct materials (DM) budget for the the month of March (use t Sunrise Poles

needs and to maintain a finished goods inventory equal to 25% of the next month's p numbers with commas as needed (ie. 1,234). All dollar amounts are rounded to whole olaces and shown with "$" and commas as needed (ie. $1,234.56) Desired Ending Inventory DI Pounds Needed for Production Requir Total Cost of DM Purchase Total terms above, prepare a direct materials (DM) budget for the the month of March (use t Sunrise Poles

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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