Produce a direct materials budget with the following additional information. Units = 83,000 Direct material Cost...

Produce a direct materials budget with the following additional information.

Units = 83,000

Direct material Cost Usage

Steel $8.00/lb 12.100 oz/unit

Plastic $3.50/lb 10.897 oz/unit

What is the total direct materials cost?

Note: lb = pound = 16 oz

Expert Solution

	Steel	Plastic	Total
No. of Unit (a)	83,000	83,000
Material in OZ Required/ Unit (b)	12.10	10.90
Material in Pound Required/ Unit (b1= b/16)	0.76	0.68
Total Material Required in Pound (c= axb1)	62,769	56,528
Cost / Pound (d)	$8	$4
Total Cost of Material (cxd)	$5,02,150	$1,97,849	$6,99,999

Total Direct Material Cost will be $6,99,999

ekkarill92 answered 2 months ago

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