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Moreno Industries_Direct Materials Purchases Budget




Question;Moreno Industries has adopted the following;production budget for the first 4 months of 2013.;Month;Units Month Units;January;10,000 March 5,000;February;8,000 April;4,000;Each;unit requires 3 pounds of raw materials costing $2 per pound. On December 31;2012, the ending raw materials inventory was 9,000 pounds. Management wants to;have a raw materials inventory at the end of the month equal to 30% of next;month's production requirements.;Complete;the direct materials purchases budget by month for the first quarter.;MORENO;INDUSTRIES;Direct;Materials Purchases Budget;For;the Quarter Ending March 31, 2013;January;February March;? ? ?;Total pounds needed for production;Add;Total materials required;Less;Direct materials purchases ? $ ? $ ? $;Total cost of direct materials purchases $ $


Paper#44633 | Written in 18-Jul-2015

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