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Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350...

Question:

Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350 May 630 Ju
Required information Ruiz Co provides the following sales forecast for the next four months 12 Sales (units) April 550 May 53
Required information Ruit Co provides the following sales forecast for the next four months Sales unita) April 350 May 630 June 580 July 670 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 165 units. Assume July's budgeted production is 580 units. In addition, each finished unit requires four pounds (lbs) of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 689 pounds. Assume direct materials cost $3 per pound Prepare a production budget for the months of April, May, and June RUZ CO Production Budget For April May, and June April Next month's budgeted sales (units) 630 Ratio of inventory to future sales Regenovable productie Units to be produced
Required information Ruiz Co provides the following sales forecast for the next four months 12 Sales (units) April 550 May 530 June 580 July 670 Part 2 of 2 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 165 units. Assume July's budgeted production is 580 units. In addition, each finished unit requires four pounds (lbs) of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 689 pounds. Assume direct materials cost $3 per pound. 05 points Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Betreces RUIZ CO. Direct Materials Budget For April, May, and June April May Materials needed for production (lbs) Total materials requirements (bs) Materials to be purchased lbs) Total budgeted direct materials cost

Answers

Production Budget :-

April May June
Next months budgeted sales (units) 630 580 670
Ratio of inventory to future sales 30% 30% 30%
Budgeted ending inventory (units) 189 174 201
Budgeted unit sales for month 550 630 580
Required units of available production 739 804 781
Budgeted beginning inventory (units) 165 189 174
Units to be produced 574 615 607

Direct Material Budget :-

April May June
Budgeted production (units) 574 615 607 units
Materials requirement per unit 4 4 4 lbs
Materials needed for production (lbs) 2296 2460 2428 lbs
Budgeted ending inventory (lbs)

(2460 * 30%)

=738

(2428 * 30%)

=728

(580*4*30%)

=696

lbs
Total materials requirement (lbs) 3034 3188 3124 lbs
Beginning inventory (lbs) 689 738 728 lbs
Materials to be purchased (lbs) 2345 2450 2396 lbs
Cost per lb $3 $3 $3 per lb
Total budgeted direct materials cost $7035 $7350 $7188
.

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