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Do the production budget

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Question - When working on this assignment do the production budget first and then the material budget. Set up the below to get you started Production Budget

July August

Sales 8000 8700

Add: closing inventory(40% of Next month sales) 3480 3040

Total inventory required 11480 11740

Less: Beginning Inventory -3200 -3480

Production Required 8280 8260

Material purchase Budget

July August October

Production Required 8280 8260

x DM req per unit 12 12

DM required of production 99360 99120

Add: Budgeted Ending DM 30% 29736

Less: Beginning DM 29808

Budgeted DM purchase 99288

Cost per foot $0.70

Budgeted DM purchase in $ $69,501.60

Reference no: EM132643748

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