. Calculate materials needed (in pounds) for production in each month of April, May, and June.2. Prepare a direct materials budget for the month of April.
Question
1. Calculate materials needed (in pounds) for production in each month of April, May, and June.
2. Prepare a direct materials budget for the month of April.
Solution
To answer your questions regarding the calculation of materials needed for production each month and preparing a direct materials budget for April, we would typically follow these structured steps:
Step 1: Break Down the Problem
- Define the production requirements for each month (April, May, and June).
- Identify the material requirements per unit of product.
- Calculate the total materials needed for each month.
- Prepare the direct materials budget for April.
Step 2: Relevant Concepts
- Materials Needed for Production: This is generally calculated by multiplying the number of units to be produced by the amount of materials required per unit.
- Direct Materials Budget: This usually includes planned purchases, beginning inventory, desired ending inventory, and cost per unit.
Step 3: Analysis and Detail
-
Suppose you have the following data:
- Expected production units for April:
- Expected production units for May:
- Expected production units for June:
- Materials required per unit: pounds
-
Calculate Total Materials Needed:
- For April: Total materials needed =
- For May: Total materials needed =
- For June: Total materials needed =
-
Prepare Direct Materials Budget for April:
- Beginning Inventory (April): pounds
- Desired Ending Inventory (April): pounds
- Total Materials Needed (April):
- Purchases Required =
Step 4: Verify and Summarize
- Double-check the calculations for the total materials needed and verify if they align with the budgetary needs for April.
- Summarize the findings highlighting the total materials needed for April and the total purchases required.
Final Answer
Assuming you have input values for production units and material requirements, here’s how you would summarize:
- Total materials needed for April:
- Purchases Required for April:
Please fill in the specific numerical values to get your final figures for pounds required in each month and the direct materials budget for April.
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