Rida Incorporated is preparing its direct materials budget for the second quarter. It budgets production of 246,000 units in the second quarter and 58,500 units in the third quarter. Each unit requires 0.60 pound of direct material, priced at $181 per pound. Starting with the second quarter, the company plans to end each quarter with an ending inventory of materials equal to 60% of next quarter's budgeted direct materials required. Raw material inventory is 88,560 pounds at the beginning of the second quarter. Prepare a direct materials budget for the second quarter. Note: Enter "per unit" answers in two decimal places. Units to produce RIDA INCORPORATED Direct Materials Budget Second Quarter 246,000 units Materials needed for production (pounds) Total materials required Materials to purchase (pounds) Cost of direct materials purchases
Rida Incorporated is preparing its direct materials budget for the second quarter. It budgets production of 246,000 units in the second quarter and 58,500 units in the third quarter. Each unit requires 0.60 pound of direct material, priced at $181 per pound. Starting with the second quarter, the company plans to end each quarter with an ending inventory of materials equal to 60% of next quarter's budgeted direct materials required. Raw material inventory is 88,560 pounds at the beginning of the second quarter. Prepare a direct materials budget for the second quarter. Note: Enter "per unit" answers in two decimal places. Units to produce RIDA INCORPORATED Direct Materials Budget Second Quarter 246,000 units Materials needed for production (pounds) Total materials required Materials to purchase (pounds) Cost of direct materials purchases
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Rida Incorporated is preparing its direct materials budget for the second quarter. It budgets production of 246,000 units in the second
quarter and 58,500 units in the third quarter. Each unit requires 0.60 pound of direct material, priced at $181 per pound. Starting with
the second quarter, the company plans to end each quarter with an ending inventory of materials equal to 60% of next quarter's
budgeted direct materials required. Raw material inventory is 88,560 pounds at the beginning of the second quarter.
Prepare a direct materials budget for the second quarter.
Note: Enter "per unit" answers in two decimal places.
Units to produce
RIDA INCORPORATED
Direct Materials Budget
Second Quarter
246,000 units
Materials needed for production (pounds)
Total materials required
Materials to purchase (pounds)
Cost of direct materials purchases
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