Zira Company reports the following production budget for the next four months. Each finished unit requires five pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 20% of next month's production neec Beginning direct materials inventory for April was 634 pounds. Direct materials cost $6 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) April 634 May 675 Duly 647 June Units to produce 667 ZIRA COMPANY Direct Materials Budget April May June Units to produce Materials needed for production (pounds) Total materlals required (pounds) Materials to purchase (pounds) Cost of direct materiais purchases

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Zira Company reports the following production budget for the next four months. Each finished unit requires five pounds of direct
materials, and the company wants to end each month with direct materials inventory equal to 20% of next month's production needs,
Beginning direct materials inventory for April was 634 pounds. Direct materials cost $6 per pound.
Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.)
April
May
675
June
July
Units to produce
634
667
647
ZIRA COMPANY
Direct Materials Budget
April
May
June
Units to produce
Materials needed for production (pounds)
Total materials required (pounds)
Materials to purchase (pounds)
Cost of direct materials purchases
Transcribed Image Text:Zira Company reports the following production budget for the next four months. Each finished unit requires five pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 20% of next month's production needs, Beginning direct materials inventory for April was 634 pounds. Direct materials cost $6 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) April May 675 June July Units to produce 634 667 647 ZIRA COMPANY Direct Materials Budget April May June Units to produce Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases
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