Sunland Company has 2,268 pounds of raw materials in its December 31,2019 , ending inventory. Required production for January
and February of 2020 are 4,200 and 5,700 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated
cost per pound is $9. Management desires an ending inventory equal to 27% of next month's materials requirements.
Prepare the direct materials budget for January.
SUNLAND COMPANY
Direct Materials Budget
January 31,2020
Units to be Produced
Direct Materials Per Unit
Direct Materials Purchases
Total Required Direct Labor Hours
Beginning Materials Inventory
Total Pounds Required for Production
Total Materials Required
Total Direct Labor Cost
Direct Labor Cost Per Hour
Desired Ending Inventory
Total Cost of Direct Materials Purchases
Direct Labor Time Per Unit
Cost Per Pound
Prepare the direct materials budget for January.
SUNLAND COMPANY
Direct Materials Budget
January 31, 2020
$
$
=
Please help ASAP in the next hour! Make sure it's correct, please. Thanks
Question 3 of 22
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Sunland Company has 2,268 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,200 and 5,700 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $9. Management desires an ending inventory equal to 27% of next month's materials requirements.
Prepare the direct materials budget for January.
SUNLAND COMPANY Direct Materials Budget January 31, 2020
4200
Units to be Produced Direct Materials Per Unit
2
Direct Materials Purchases Total Required Direct Labor Hours Beginning Materials Inventory Total Pounds Required for Production Total Materials Required Total Direct Labor Cost Direct Labor Cost Per Hour Desired Ending Inventory Total Cost of Direct Materials Purchases Direct Labor Time Per Unit Cost Per Pound
8400
3078
11478
2268
9210
Prepare the direct materials budget for January.
SUNLAND COMPANY Direct Materials Budget January 31, 2020
4200
2
8400
3078
11478
2268
9210
9.00
$
82890
Please help ASAP in the next hour! Make sure it's correct, please.Thanks