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Calculate the total cost of material A budgeted

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Question - Orr Company makes and sells a single product called a Bik. It takes four yards of Material A to make one Bik. Budgeted production of Biks for the next three months is as follows:

 

Budgeted Biks to be Produced

February

15,000 units

March

17,000 units

April

21,000 units

The company wants to maintain monthly ending inventories of Material A equal to 53% of the next month's production needs. Material A costs $1.20 per yard. The company is in the process of preparing a direct materials purchases budget. Calculate the total cost of material A budgeted to be purchased in March.

Reference no: EM132514240

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