Zira Company reports the following production budget for the next four months. Each finished unit requires six pounds of direct materials, and the company wants to end each month with direct materials inventory equal to 30% of next month's production needs. Beginning direct materials inventory for April was 1,156 pounds. Direct materials cost $5 per pound. Prepare a direct materials budget for April, May, and June. (Round your answers to the nearest whole number.) Units to produce Units to produce April 642 Materials needed for production (pounds) Total materials required (pounds) Materials to purchase (pounds) Cost of direct materials purchases May 670 June 676 July 656 ZIRA COMPANY Direct Materials Budget April May June

Each unit requires direct labor of 1.5 hours. The labor rate is $11.86 per hour and next year’s direct labor budget totals $795,253. How many units are included in the production budget for next year? Round to the nearest penny, two decimal places.

Magnolia, Inc., manufactures bedding sets. The budgeted production is for 16,500 comforters this year. Each comforter requires 7 yards of material. The estimated January 1 beginning inventory is 3,740 yards with the desired ending balance of 5,200 yards of material. If the material costs $7.80 per yard. Determine the materials budget for the year.

Thunder Creek Company uses 2 pounds of direct materials for each unit it produces, at a cost of $4.00 per pound. The company begins the year with 9,500 pounds of material in Raw Materials Inventory. Management desires an ending inventory of 25% of next month's materials requirements Prepare a Direct Materials Budget. (When entering answers in the direct materials budget, use the production budget for your cell references. Enter all values as positive--without a minus sign--in row 31.) 2018 Jan Feb Q1 Total April Budget #3: Direct Materials Budget Budgeted units to be produced Mar 30,800 25,200 19,200 2.00 Direct materials (pounds) per unit 2.00 Direct materials needed for production 50,400 38,400 12,600 2.00 61,600 8,600 Plus: Desired direct materials in ending inventory (pounds) 15,400 Total direct materials needed 51,000 65,800 70,200 Less: Direct materials in beginning inventory (pounds) 9,500 12,600 15,400 Budgeted purchase of direct materials 41,500 53,200 54,800 Direct material…

Becker Bikes manufactures tricycles. The company expects to sell 360 units in May and 490 units in June. Beginning and ending finished goods for May are expected to be 100 and 65 units, respectively. June's ending finished goods are expected to be 75 units. Each unit requires 3 wheels at a cost of $6 per wheel. Becker requires 20 percent of next month's material production needs on hand each month. July's production units are expected to be 460 units. Compute Becker's direct materials purchases budget with respect to wheels for May and June. Budgeted cost of wheels purchased May June

Magnolia Interior décor Industries manufactures wooden dining chairs. The selling price of the wooden dining chairs is $15 per unit. The company is preparing detailed budgets for the third quarter (Third quarter includes July, August and September) and fourth quarter (Fourth quarter includes October, November and December) and has assembled the following information to assist in the budget preparation (see below tables). Sales for June totaled $2,000. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. Calculate the estimated quantity of wooden dining chairs that need to be produced in July. Estimated unit sales for the next several month Month Units July 100 August 200 September 300 October 200 November 200 300 December All sales are on account (i.e., on credit). These sales on account are usually collected in the following pattern: 65% in the month following sale 5% X 130 Correct Answer: 115…

For Crane Company, units to be produced are 5,300 in quarter 1 and 7,420 in quarter 2. It takes 1.6 hours to make a finished unit, and the expected hourly wage rate is $15 per hour. Prepare a direct labor budget by quarters for the 6 months ending June 30, 2022. $ $ CRANE COMPANY Direct Labor Budget 1 Quarter $ $ 2 $ Six Months

Crane, Inc. makes and sells a single product, buckets. It takes 20 ounces of plastic to make one bucket. Budgeted production of buckets for the next three months is as follows: August 85000 units, September 70000 units, October 60000 units. The company wants to maintain monthly ending inventories of plastic equal to 10% of the following month's production needs. On August 31, 190000 ounces of plastic were on hand. The cost of plastic is $0.02 per gram. How much is the ending inventory of plastic to be reported on the company’s balance sheet at September 30? $2400 $120000 $7000 $2800

Sunshine Dresses is preparing a flexible budget for the month of October, using a contribution margin format.  Staff have completed the budget if 800 units of product are produced and sold.  You must complete the budget if 1,000 units of product are produced and sold.   You are given the following information for the flexible budget if 800 units of product are produced and sold: Sales = $64,000 Variable Costs = 12,000 Fixed Costs, regardless of sales level, = $50,000 You are asked to prepare the flexible budget if 1,000 units of product are produced and sold.  What is the contribution margin at that level of sales?           2.Sunshine Dresses planned to use 2,000 yards of cotton costing $7 per yard to make 1,000 dresses.  In actually making 1,000 dresses, the company used 1,800 yards that cost $8 per yard.  Calculate the direct materials quantity variance.  Specify dollars and cents.  Be sure to specify if a negative or positive number.          3.Using the following information…

Becker Bikes manufactures tricycles. The company expects to sell 440 units in May and 570 units in June. Beginning and ending finished goods for May are expected to be 140 and 105 units, respectively. June's ending finished goods are expected to be 115 units. Each unit requires 1.5 direct labor hours and Becker's hourly labor rate is $66 per hour. Compute Becker's direct labor budget for May and June. Note: Do not round intermediate calculations. Budgeted direct labor cost May June