Homework Answers
Direct materials budget for January is shown as follows:- (Amounts in $)
| ZORTEK CORP. | |
| Direct Materials Budget | |
| For Month Ended January 31 | |
| a) Budget production (units) | 490 units |
| b) Raw material Z required per unit | 2 lbs. |
| c) Materials needed for production (lbs.) (a*b) | 980 lbs. |
| d) Desired raw materials ending inventory [(260 units*2 lbs)*40%] | 208 lbs. |
| e) Total materials requirements (lbs.) (c+d) | 1,188 lbs. |
| f) Raw Materials beginning inventory Jan 1 | 200 lbs. |
| g) Materials to be purchased (lbs.) (e-f) | 988 lbs. |
| h) Materials cost per pound | $3 per pound |
| i) Total cost of direct materials purchases (g*h) | $2,964 |
Therefore total cost of direct materials purchases is $2,964.
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ending raw materials inventory should equal 35% of the following
month's budgeted materials. The January 1 inventory for this
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