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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 629 pounds. Direct materials cost $4 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 524 May June July 557 537 565 Units to produce Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases ZIRA COMPANY Direct Materials Budget April 3 3 Answer is not complete. 3 Os $ 524 2,096 2,000 629 4S 0 $ May 565 4 2,260 2,260 40$ 0 55 June 557 4 2.228 2,228 units pounds pounds pounds pounds 40 per pound 0

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 629 pounds. Direct materials cost $4 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 524 May June July 557 537 565 Units to produce Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases ZIRA COMPANY Direct Materials Budget April 3 3 Answer is not complete. 3 Os $ 524 2,096 2,000 629 4S 0 $ May 565 4 2,260 2,260 40$ 0 55 June 557 4 2.228 2,228 units pounds pounds pounds pounds 40 per pound 0

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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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 629 pounds. Direct materials cost $4 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 524 May June July 557 537 565 Units to produce Materials required per unit Materials needed for production (pounds) Add Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases ZIRA COMPANY Direct Materials Budget April Ⓒ 3 Answer is not complete. 3 $ $ 524 2,090 2,096 629 4S 0 $ May 565 4 2,260 2,260 40$ 0 55 June 557 4 2.228 2,228 units pounds pounds pounds pounds 40 per pound 0
Transcribed Image Text: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 629 pounds. Direct materials cost $4 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 524 May June July 557 537 565 Units to produce Materials required per unit Materials needed for production (pounds) Add Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases ZIRA COMPANY Direct Materials Budget April Ⓒ 3 Answer is not complete. 3 $ $ 524 2,090 2,096 629 4S 0 $ May 565 4 2,260 2,260 40$ 0 55 June 557 4 2.228 2,228 units pounds pounds pounds pounds 40 per pound 0
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