Zortek Corporation budgets production of 460 units in January and 300 units in February. Each...
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Accounting
Zortek Corporation budgets production of 460 units in January and 300 units in February. Each finished unit requires six pounds of material Z, which costs $3 per pound. Each months ending inventory of material Z should be 30% of the following months budgeted production. The January 1 inventory has 828 pounds of material Z. Prepare a direct materials budget for January.
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