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Determine the direct materials purchases budget

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Problem - Landon Awards Co. budgeted production of 47,000 brass plaques in 20Y5. Brass sheet is required to produce a brass plaque. Assume that 96 square inches of brass sheet are required for each brass plaque. The estimated January 1, 20Y5, brass sheet inventory is 240,000 square inches. The desired December 31, 20Y5, brass sheet inventory is 200,000 square inches. If brass sheet costs $0.12 per square inch, determine the direct materials purchases budget for 20Y5.

Reference no: EM132776107

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