Yogi expects to produce 1 comma 700 units in January and 2 comma 180 units in February. The company budgets 3 pounds per unit of direct materials at a cost of $ 15 per pound. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5 comma 200 pounds. Yogi desires the ending balance in Raw Materials Inventory to be 60 % of the next month's direct materials needed for production. Desired ending balance for February is 4 comma 300 pounds. Prepare Yogi 's direct materials budget for January and February.
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Home » Business » Yogi expects to produce 1 comma 700 units in January and 2 comma 180 units in February. The company budgets 3 pounds per unit of direct materials at a cost of $ 15 per pound.