Question

DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month...

DeWitt Industries has adopted the following production budget for the first 4 months of 2020.

Month

Units

Month

Units

January 10,390 March 5,370
February 8,290 April 4,420


Each unit requires 4 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 8,312 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements.

Prepare a direct materials purchases budget by month for the first quarter.

DEWITT INDUSTRIES
Direct Materials Purchases Budget

choose the accounting period

March 31, 2020For the Month Ending March 31, 2020For the Quarter Ending March 31, 2020

January

February

March

select an opening materials purchases budget item

Cost Per PoundDirect Labor Cost Per HourTotal Materials RequiredDirect Labor Time Per UnitTotal Cost of Direct Materials PurchasesDirect Materials PurchasesTotal Direct Labor CostBeginning Direct Materials (Pounds)Desired Ending Direct Materials (Pounds)Total Pounds Needed for ProductionTotal Required Direct Labor HoursDirect Materials Per UnitUnits to be Produced

enter a number of units enter a number of units enter a number of units
select an item

Total Materials RequiredUnits to be ProducedTotal Pounds Needed for ProductionTotal Required Direct Labor HoursTotal Direct Labor CostBeginning Direct Materials (Pounds)Cost Per PoundDirect Labor Cost Per HourDirect Labor Time Per UnitDesired Ending Direct Materials (Pounds)Direct Materials PurchasesDirect Materials Per UnitTotal Cost of Direct Materials Purchases

enter the amount of pounds enter the amount of pounds enter the amount of pounds
select a summarizing line for the first part

Desired Ending Direct Materials (Pounds)Beginning Direct Materials (Pounds)Cost Per PoundDirect Labor Cost Per HourTotal Direct Labor CostDirect Labor Time Per UnitTotal Materials RequiredTotal Pounds Needed for ProductionTotal Required Direct Labor HoursTotal Cost of Direct Materials PurchasesUnits to be ProducedDirect Materials PurchasesDirect Materials Per Unit

enter a total amount of pounds for the first part enter a total amount of pounds for the first part enter a total amount of pounds for the first part
select between addition and deduction

AddLess

: select an item

Total Required Direct Labor HoursDesired Ending Direct Materials (Pounds)Total Materials RequiredTotal Cost of Direct Materials PurchasesUnits to be ProducedDirect Materials PurchasesBeginning Direct Materials (Pounds)Direct Labor Cost Per HourDirect Labor Time Per UnitDirect Materials Per UnitTotal Direct Labor CostTotal Pounds Needed for ProductionCost Per Pound

enter the amount of pounds enter the amount of pounds enter the amount of pounds
select a summarizing line for the second part

Desired Ending Direct Materials (Pounds)Total Materials RequiredDirect Materials Per UnitBeginning Direct Materials (Pounds)Units to be ProducedTotal Pounds Needed for ProductionTotal Required Direct Labor HoursDirect Labor Cost Per HourDirect Labor Time Per UnitCost Per PoundTotal Direct Labor CostDirect Materials PurchasesTotal Cost of Direct Materials Purchases

enter a total amount of pounds for the second part enter a total amount of pounds for the second part enter a total amount of pounds for the second part
select between addition and deduction

AddLess

: select an item

Total Required Direct Labor HoursUnits to be ProducedTotal Pounds Needed for ProductionBeginning Direct Materials (Pounds)Direct Materials PurchasesCost Per PoundDirect Labor Time Per UnitDirect Materials Per UnitDesired Ending Direct Materials (Pounds)Direct Labor Cost Per HourTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Materials Required

enter the amount of pounds enter the amount of pounds enter the amount of pounds
select a summarizing line for the third part

Desired Ending Direct Materials (Pounds)Total Pounds Needed for ProductionDirect Materials Per UnitBeginning Direct Materials (Pounds)Total Cost of Direct Materials PurchasesCost Per PoundTotal Direct Labor CostTotal Materials RequiredDirect Labor Cost Per HourTotal Required Direct Labor HoursUnits to be ProducedDirect Labor Time Per UnitDirect Materials Purchases

enter a total amount of pounds for the third part enter a total amount of pounds for the third part enter a total amount of pounds for the third part
select an item

Total Cost of Direct Materials PurchasesTotal Pounds Needed for ProductionTotal Direct Labor CostDesired Ending Direct Materials (Pounds)Direct Labor Cost Per HourDirect Labor Time Per UnitDirect Materials PurchasesCost Per PoundTotal Materials RequiredTotal Required Direct Labor HoursUnits to be ProducedDirect Materials Per UnitBeginning Direct Materials (Pounds)

$enter a dollar amount $enter a dollar amount $enter a dollar amount
select a closing materials purchases budget item

    Total Required Direct Labor Hours    Total Pounds Needed for Production    Total Direct Labor Cost    Beginning Direct Materials (Pounds)    Direct Labor Cost Per Hour    Desired Ending Direct Materials (Pounds)    Direct Labor Time Per Unit    Units to be Produced    Cost Per Pound    Direct Materials Purchases    Direct Materials Per Unit    Total Materials Required    Total Cost of Direct Materials Purchases    

$enter a total dollar amount $enter a total dollar amount $enter a total dollar amount
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