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Accounting
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Crane industries has adopted the following production budget for the first 4 months of 2027 Each unit requires 2 pounds of raw materials costing 53 per pound, On December 31,2026 , the ending raw materials inventory was 4,240 pounds, Management wants to have a raw materials inventory at the end of the monthequal to 20% of next month's production requirements. Prepare a direct materials purchases budiget by month for the first quarter. Question 2 of 6 Beginning Direct Materials (Pounds) Cost per Pound Desired Ending Difect Materials (Pounds) Direct Labor Cost per Hour Direct Labor Time per Unit Direct Materials Purchases Direct Materials per Unit Total Cost of Direct Materials Purchases Total Direct Labor Cost Total Materials Required Total Pounds Needed for Production Total Required Direct Labor Hours Units to be Produced
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