Homework Answers
Answer: $652,000
.
| Direct Materials Budget | ||
| 1st quarter | 2nd quarter | |
| Budgeted production (in pairs) (a) | 43,000 | 34,000 |
| Raw materials needed per pair (in kg's) (b) | 2 | 2 |
| Raw materials needed for production (a x b) | 86,000 | 68,000 |
| Plus: Desired raw materials in ending inventory [2nd quarter material needs x 25% = 68,000 x 25%] | 17,000 | |
| Total direct materials needed | 103,000 | |
| Less: Raw materials in beginning inventory | 21,500 | |
| Budgeted purchases of raw materials (c) | 81,500 | |
| Raw materials cost per kg (d) | $8 | |
| Budgeted raw materials purchase cost (c x d) | $652,000 | |
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