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Prepare quarterly direct materials purchases budgets

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Question - Duffy Dog Industrial has estimated that production for the next five quarters will be: Production Information

1st quarter, 2020 57,600 units

2nd quarter, 2020 52,000 units

3rd quarter, 2020 63,200 units

4th quarter, 2020 49,600 units

1st quarter, 2021 59,200 units

Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $362,880 of raw material on hand at the beginning of the first quarter, 2020. Duffy Dog desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter.

Required - Prepare quarterly direct materials purchases budgets for Duffy Dog Industrial for 2020.

Reference no: EM133013151

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