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Exercise 20-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget...

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Accounting

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Exercise 20-4 Manufacturing: Direct materials budget LO P1 Zira Co. reports the following production budget for the next four months July 608 April May 650 June Production (units) 628 eBook 596 Each finished unit requires four 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 715 pounds. Assume direct materials cost $3 per pound Hint Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Print ZIRA CO. References Direct Materials Budget For April, May, and June April June May Budgeted production (units) Materials requirements per unit Materials needed for production (lbs) Budgeted ending inventory (bs) Total materials requirements (bs ) Beginning inventory (bs) Materials to be purchased (bs)i Cost per lb Total budgeted direct materials cost 3

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