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Zira Company reports the following production budget for the next four months. Each finished unit requires five 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 632 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 Units to produce April May June July 632 660 666 646 Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Cost of direct materials purchases Materials cost per pound ZIRA COMPANY Direct Materials Budget April May June 632 660 666 units 4 4 2,528 2,640 4 pounds 2,664 pounds 2,528 2,640 2,664 pounds $ 4 $ 4 $ 4 per pound $ 0 $ 0 $ 0

Zira Company reports the following production budget for the next four months. Each finished unit requires five 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 632 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 Units to produce April May June July 632 660 666 646 Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Cost of direct materials purchases Materials cost per pound ZIRA COMPANY Direct Materials Budget April May June 632 660 666 units 4 4 2,528 2,640 4 pounds 2,664 pounds 2,528 2,640 2,664 pounds $ 4 $ 4 $ 4 per pound $ 0 $ 0 $ 0

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Ashvinbhai 

Zira Company reports the following production budget for the next four months. Each finished unit requires five 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 632 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 Units to produce April May June July 632 660 666 646 Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Cost of direct materials purchases Materials cost per pound ZIRA COMPANY Direct Materials Budget April May June 632 660 666 units 4 4 2,528 2,640 4 pounds 2,664 pounds 2,528 2,640 2,664 pounds $ 4 $ 4 $ 4 per pound $ 0 $ 0 $ 0
Transcribed Image Text:Zira Company reports the following production budget for the next four months. Each finished unit requires five 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 632 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 Units to produce April May June July 632 660 666 646 Materials required per unit Materials needed for production (pounds) Add: Desired ending materials inventory (pounds) Total materials required (pounds) Less: Beginning materials inventory (pounds) Materials to purchase (pounds) Cost of direct materials purchases Materials cost per pound ZIRA COMPANY Direct Materials Budget April May June 632 660 666 units 4 4 2,528 2,640 4 pounds 2,664 pounds 2,528 2,640 2,664 pounds $ 4 $ 4 $ 4 per pound $ 0 $ 0 $ 0
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