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Zortek Corp. budgets production of 440 units in January and 290 units in February. Each finished...

Question:

Zortek Corp. budgets production of 440 units in January and 290 units in February. Each finished unit requires six pounds of

Zortek Corp. budgets production of 440 units in January and 290 units in February. Each finished unit requires six pounds of raw material Z. which costs $3 per pound. Each month's ending inventory of raw materials should be 30% of the following month's budgeted production. The January 1 raw materials inventory has 150 pounds of Z. Prepare a direct materials budget for January. ZORTEK CORP. Direct Materials Budget For Month Ended January 31 Budget production (units) units Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.) Total cost of direct materials purchases

Answers

Direct material budget

For month ended January 31

Budgeted production 440
Raw material per unit 6
Material needed for production 2640
Add: Desired ending inventory (290*6*30%) 522
Total material requirement 3162
Less; Beginning inventory -150
Material to be purchase 3012
Cost per pound 3
Total cost of direct material purchase 9036
.

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