Please, Explain how to solve this problem. step by step e Bakery on the Riverban

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Please, Explain how to solve this problem. step by step

e Bakery on the Riverbank produces organic bread that is sold by the loaf Each oaf requires 1/2 of a pound of four. The bakary pays $3.50 perpound of the organic flour used in its loaves. The bakery expects to produce the following number of loaves in each of the upcoming four months (Click tha icon to viaw tha units to ba produxcad) e a er has policy that ill have 2 %?the follo ng month's our needs on hand attne en o each month the end of June there were 156 pounds o flour on hand Fre are direct ma era s oudget or the thrd quarter with a column or each month and r the quarter gin the direct materia's budget by delermining the lctal quantly needed hen complete the bucget. Enter the pounds per unil as a decimal to two places. Round your calculalions to the nearest whole number) The Bakery on the Riverbank Direct Materials Budget For the Months of July through September luly Auust September Quarter Data Table nits ta ba producod ultiply b Pounds of flour neaded par unit uantity needed (Ibs) for production us: Desired ending inventory of direct materials tal quantity (Ibs) needed 1,560 0.50 700 184 5,080 0.50 2,540 150 2,690 156 ,534 3.50 5330 2.828 $ 3.164 2.877 8,869 1,840 0.50 920 168 1,088 1,680 0.50 040 1,560 loaves 1,840 loaves 1,680 loaves 1,500 loavES 156 168 Beginning inventory of direct matcrials uanity (bs) to purchase ultiply by: Cost per pound dal cust eI direct material purchases 808 5 3.50 3.50 Pri Done

Explanation / Answer

RAW MATERIAL PURCHASE BUDGET July Aug Sep QUARTER Oct Budgeted production units 1,560 1,840 1,680 5,080 1,500 Raw material needed per unit 0.50 0.50 0.50 0.50 0.50 Total Production needs 780 920 840 2,540 750 Add: Desired Ending Inventory 184 168 150 150 Total needs 964 1,088 990 2,690 Less: Beginning Inventory 156 184 168 156 Purchase Units 808 904 822 2,534 Cost price per unit 3.50 3.50 3.50 3.50 Budgeted Purchase in $ 2,828 3,164 2,877 8,869

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