Prepare quarterly direct materials purchases budgets

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Question - Direct Materials Purchases Budget

Roehler Industrial has estimated that production for the next five quarters will be:

Production Information

1st Quarter, 2011

41,000 units

2nd Quarter, 2011

37,000 units

3rd Quarter, 2011

44,000 units

4th Quarter, 2011

36,000 units

1st Quarter, 2012

43,000 units

Finished units of production require 10 pounds of raw material per unit. The raw material cost is $7 per pound. There are 77,900 pounds of raw material on hand at the beginning of the first quarter, 2011. Roehler desires to have 19 percent of next quarter's material requirements on hand at the end of each quarter.

Prepare quarterly direct materials purchases budgets for Roehler Industrial for 2011.

Reference no: EM131797841

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