Zahra Co. makes and sells a single product. For ench one unit of product, 2 meters of Material are Deeded. Budgeted sales for the next 3 months are as follows. Budgsted Sales January February March 29.200 units 33,500 units 28,600 units Zahra Co. wants to maintain an ending finished goods inventory equal to 20% of the next month's budgeted sale units and an ending invedtory of materials equal to 10% of the next month's production needs. The cost for each meter of material is $2.50. Required: Prepare the direct materials purchase budget for February, showing the total dollar amount needed to purchase materials.

Zahra Co. makes and sells a single product. For ench one unit of product, 2 meters of Material are Deeded. Budgeted sales for the next 3 months are as follows. Budgsted Sales January February March 29.200 units 33,500 units 28,600 units Zahra Co. wants to maintain an ending finished goods inventory equal to 20% of the next month's budgeted sale units and an ending invedtory of materials equal to 10% of the next month's production needs. The cost for each meter of material is $2.50. Required: Prepare the direct materials purchase budget for February, showing the total dollar amount needed to purchase materials.

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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