Question

Zira Co. reports the following production budget for the next four months. April May June July...

Zira Co. reports the following production budget for the next four months.

April May June July
Production (units) 576 630 608 588

Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month’s production needs. Beginning raw materials inventory for April was 922 pounds. Assume direct materials cost $5 per pound.

Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.)

ZIRA CO.
Direct Materials Budget
For April, May, and June
April May June
Materials needed for production (lbs.)
Total materials requirements (lbs.)
Materials to be purchased (lbs.)
Total budgeted direct materials cost

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