Question
ELECTRO COMPANY Direct Materials Budget Second Quarter Budgeted production (units) 550,000 units Materials needed for production...
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Electro Company budgets production of 550,000 transmissions in
the second quarter and 625,000 transmissions in the third quarter.
Each transmission requires 0.8 pounds of a key raw material. The
Company aims to end each quarter with an ending inventory of direct
materials equal to 20% of next quarter’s budgeted materials
requirements. Beginning inventory of this raw material is 88,000
pounds. Direct materials cost $1.80 per pound.
Prepare a direct materials budget for the second quarter.
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