Yandell expects to produce 1 comma 950 units in January and 2 comma 110 units in February. The company budgets 5 pounds per unit of direct materials at a cost of $ 50 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 100 pounds. Yandell desires the ending balance in Raw Materials Inventory to be 80 % of the next month's direct materials needed for production. Desired ending balance for February is 4 comma 700 pounds. Prepare Yandell 's direct materials budget for January and February.
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Home » Business » Yandell expects to produce 1 comma 950 units in January and 2 comma 110 units in February. The company budgets 5 pounds per unit of direct materials at a cost of $ 50 per pound.