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Electro Company budgets production of 610,000 electric panels in the second quarter and 680,000 electric...

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Accounting

Electro Company budgets production of 610,000 electric panels in the second quarter and 680,000 electric panels in the third quarter. Each panel requires 0.80 pound of direct materlal at a cost of $1.70 per pound. The company desires to end each quarter with an ending inventory of this material equal to 20% of next quarter's budgeted materials requirements. Beginning inventory of this material Is 97,600 pounds.
Prepare a direct materlals budget for the second quarter.
\table[[ELECTRO COMPANY,],[Direct Materials Budget,],[Units to produce,,Second Quarter],[,610,000,units],[Materials needed for production (pounds),,],[,,],[Total materials required,,],[,,],[Materials to purchase (pounds),,],[,,],[Cost of direct materials purchases,,]]
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