Please fill in the blank boxes. Requirement 3. Prepare a direct materials budget

Question

Please fill in the blank boxes.

Requirement 3. Prepare a direct materials budget. (Round your answers to the nearest whole dollar.) Dalton Manufacturing Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter Units to be produced Multiply by: Quantity (pounds) of DM needed per unit Quantity (pounds) needed for production Plus: Desired ending inventory of DM Total quantity (pounds) needed Less: Beginning inventory of DM Quantity (pounds) to purchase Multiply by: Cost per pound

Explanation / Answer

Dallon Manufacturing Direct Materials Budget For the Quarter Ended March 31 Month January February March Quarter Units to be Produced 8300 9375 9850 27525 Multiply by : Quantity(Pounds) of DM needed per unit 2 2 2 2 Quantity (Pounds) needed for production 16600 18750 19700 55050 Plus: Desired ending inventory of DM 1875 1970 1880 5725 Total quantity (Pounds) needed 18475 20720 21580 60775 Less Begining Inventory of DM 1660 1875 1970 5505 Quantity (Pounds) to Purchase 16815 18845 19610 55270 Multiply by: Cost per pound 2 2 2 2 33630 37690 39220 110540 Note: Desired Ending Inventory at March Unit Sales (97000/10) 9700 Plus: Desired Ending Inventory (85000/10*25%) 2125 Total needed 11825 Less : Begining Inventory 2425 Units to be Produced 9400 Multiply by : Quantity(Pounds) of DM needed per unit 2 Quantity (Pounds) needed for production 18800

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