Solution-Prepare a direct materials budget for april may

Prepare a direct materials budget for april may and june

Reference no: EM131595029

Question - Hospitable Co provides the blowing sales forecast for the next four months:

	April	May	June	July
Sales (units)	530	610	560	560

The company wants to end each month with ending finished goods inventory equal to 40% of next month's sales. Finished goods inventory on April 1 is 212 units. Assume July's budgeted production Is 560 units. In addition. each finished unit requires five pounds of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs Beginning raw materials inventory for April was 662 pounds Assume direct materials cost $4 per pound.

Required - Prepare a direct materials budget for April, May and June.

Reference no: EM131595029

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Prepare a direct materials budget for april may and june

Reference no: EM131595029

Reference no: EM131595029

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