Zira Co. reports the following production budget for the next four months. April July May June Production (units) 626 680 658 638 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 1,127 pounds. Assume direct materials cost $3 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. ZIRA CO. Direct Materials Budget For April, May, and June April May June Budgeted production (units) Materials requirements per unit 658 units 626 680 6 lbs. 6 6 Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) 3,948 lbs. 3,756 4,080 1,148 lbs. 1,224 1,184 5,096 lbs. 4,980 5,264 1,184 lbs. 1,224 1,127 3,912 lbs 3,853 4,040 per lb. 3 $ Cost per lb $ 11,559 12,120 11,736x Total budgeted direct materials cost

Zira Co. reports the following production budget for the next four months. April July May June Production (units) 626 680 658 638 Each finished unit requires six pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 1,127 pounds. Assume direct materials cost $3 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. ZIRA CO. Direct Materials Budget For April, May, and June April May June Budgeted production (units) Materials requirements per unit 658 units 626 680 6 lbs. 6 6 Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) 3,948 lbs. 3,756 4,080 1,148 lbs. 1,224 1,184 5,096 lbs. 4,980 5,264 1,184 lbs. 1,224 1,127 3,912 lbs 3,853 4,040 per lb. 3 $ Cost per lb $ 11,559 12,120 11,736x Total budgeted direct materials cost

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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Can you send another picture or write it down cuz i dont understand
How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
BOR Tutor - Solution Page 1 of 1 | Ha X A learn.hawkeslearning.com/Portal/Lesson/lesson_certify#! MSC SSO Login To Do Assignments. E Reading list E Apps BSA Violation Civil... Search FAQS for Indian Trib... CPAJ The Past, Present, a... CPAJ Fraud in a World of... You were asked to answer the following question: Consider a small photography studio with 8 workers and 5 printers. The total cost of labor and capital is $3,300. In order to reduce total operating costs, the owner leases 5 additional printers and fires 5 workers. After these changes, the salary of each worker increases by $30, the cost of using each of the printers (both new and old) remains constant, and the total cost of labor and capital decreases to $2,950. What is the cost of using one printer? The following answer is correct: First, calculate the new total quantities of workers and printers after the changes were made. New quantity of workers= 8-5= 3 workers New quantity of printers = 5 + 5 = 10 printers Assume that C,…
Hello i have attached two pictures. They are both used together to answer the question. The first picture is the information to use too answer the question. The second attachment is the for the answer. I hope it is understandable and whoever answer this can please explain how they got the answers. I need the help. I have marked a yellow x on what i have done already. I DO NOT NEED HELP WITH WHAT IS CROSSED IN YELLOW (PARTS 1-3) I NEED PARTS 4-6. THIS IS IS IS THE ANSWER TO PARTS 1-3 Analysis and Calculation: 1) Gold Medal Athletic Co., Sales Budget: For the month ended March: Product Sales Volume Sale Price per unit Sales, $ Batting helmet 1,200 units $40 $ 48,000 Football helmet 6,500 units $160 $1,040,000 Total revenue from sales $ 1,088,000 2) Production Budget: Batting Football Helmet Helmet Expected units to be sold 1,200 6,500 Add: desired Ending inventory 50 220 Total 1,250 6,720 Less: Beginning estimated inventory 40 240 Total…
Hi I need help, it says my answer is wrong but I read over and over and over. Please help
Zara wants to export her estimates report into an Excel spreadsheet. Once Zara exports the report, what limitation will she have? Select an answer: She will not be able to export the Excel spreadsheet back into QuickBooks. She will not be able to save the Excel spreadsheet to her computer. She will not be able to make any additions to the Excel spreadsheet.
* no trial balance was given along with case study just tables typed out below or featured in the images* Trying this again... We were asked to calculate the missing values (which I have written down on my copy of the table in the image attached). After attending the lecture with hopes to get a better understanding of how the numbers we obtained, I ended up coming home and copying the answers down as my professor did not review as to how he calculated them. I copied all the numbers down onto excel with hopes to see if I can understand where the numbers came from but to no avail. There are no requirements asked for other than to simply calculate and input the missing values which I have noted down from the answer sheet. I am hoping to get an understanding as to how the numbers were computed for the income statement for now. Table 1: given values 1997 1998 1999 net sales 26820 28966 30703 cogs 21216 23550 26140 gross profit 5604 5416 4563 admin and selling expenses…
Oh no! Our expert couldn't answer your question. Don't worry! We won't leave you hanging. Plus, we're giving you back one question for the inconvenience. Here's what the expert had to say: Hi and thanks for your question! It looks like you're asking for help with using the site. You can reach our support team at the Contact Bartleby link at the bottom of the page. We've credited a question back to your account. Apologies for the inconvenience. Ask Your Question Again 13 of 30 questions left until Nov 14, 2021 Question complete a horizontal analysis for brown company. (negative answers should be indicated by a minus sign. leave no cells blank - be certain to enter "0" wherever required. round the "percent" answers to the nearest hundredth percent.) Current assets: 2020 2019 Increase (decrease) amount? Percent? Cash $14,150 $9,300 ?? Accounts receivable 16,950 12,800 ?? Merchandise inventory 18,050 21,450 ?? Prepaid advertising 52,600…
Please read the first picutre, and answer on the second picture. thanks for your time
It says they answers are wrong from your example.