Exercise 22-8 (Algo) Manufacturing: Direct materials budget LO P1 Zira Company reports the following production...
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Exercise 22-8 (Algo) Manufacturing: Direct materials budget LO P1 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 20% of next month's production needs. Beginning direct materials inventory for April was 509 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 May 636 690 June July 668 648 ZIRA COMPANY Direct Materials Budget April May 9 June Units to produce Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) 0 0 0 0 0 0 Cost of direct materials purchases $ 0 $ 0 $ 0
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