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 701 pounds. Direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) Units to produce April 584 May June 625 617 July 597 Units to produce Materials required per unit Materials needed for production (pounds) Answer is not complete. ZIRA COMPANY Direct Materials Budget April 12,344 x May June units 0 0 0 Add: Desired ending materials inventory (pounds) Total materials required (pounds) 0 0 0 Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases $ 0 $ 0 $ 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 701 pounds. Direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) Units to produce April 584 May June 625 617 July 597 Units to produce Materials required per unit Materials needed for production (pounds) Answer is not complete. ZIRA COMPANY Direct Materials Budget April 12,344 x May June units 0 0 0 Add: Desired ending materials inventory (pounds) Total materials required (pounds) 0 0 0 Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Materials cost per pound Cost of direct materials purchases $ 0 $ 0 $ 0
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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 701 pounds. Direct materials cost $4 per pound.
Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.)
Units to produce
April
584
May
June
625
617
July
597
Units to produce
Materials required per unit
Materials needed for production (pounds)
Answer is not complete.
ZIRA COMPANY
Direct Materials Budget
April
12,344 x
May
June
units
0
0
0
Add: Desired ending materials inventory (pounds)
Total materials required (pounds)
0
0
0
Less: Beginning materials inventory (pounds)
Materials to purchase (pounds)
Materials cost per pound
Cost of direct materials purchases
$
0 $
0 $
0
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