Yasmin expects to produce 1,500 unts in January and 2,130 units in Fetruary. The

Question

Yasmin expects to produce 1,500 unts in January and 2,130 units in Fetruary. The company budgets 5 pounds per unit of drect materials at a cost of $20 per pound Indirect materials are insignificant and not consdered getrg prposes. The balance n he Raw Materials In entry accort lal dret materasi on January 1 S 5.200 pour ds Yaem desres the end g balace·n Raw Matenas neny no be 60% as e int morn d maberia's needed for production Desired ending balance for February is 4,100 pourds Prepare Yasmin's dinect materiais budget for January and Fabruary Begih by preparing the direct materials budget for January and February through total dinect materials needed ine and then complete the budget by caloulating the budgeted cost of direct materials purchases Yasmin Company Direct Materials Budget Two Moeths Ended January 31 and February 28 Januery February Direct materials (pounds) perunt Direct materials needed for production Total direct materiais nooded Budgeted parchases of drect matorials Direct materials cost per pound Budgeted cost of drect materials purchases

Explanation / Answer

DIRECT MATERIAL BUDGET :

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January February Production unit 1500 2130 Direct material (pounds) per unit 5 5 Direct material needed for production 7500 10650 Add: Desired ending inventory 6390 4100 Total direct material needed 13890 14750 Less: Beginning inventory (5200) (6390) Budgeted purchase of direct material 8690 8360 Direct material cost per pound 20 20 Budgeted cost of direct material purchase 173800 167200

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